Municipal Credit Union awards $66,000 in 2015 scholarships

Credit union honors recipients at special awards ceremony 

NEW YORK, NY (June 8, 2015) — Municipal Credit Union (MCU) has awarded $66,000 in scholarships to college-bound graduating high school seniors: eight memorial scholarship grants of $5,000 each and 13 grants of $2,000 each. The scholarships were presented to the recipients by MCU President/CEO Kam Wong, Chair of the Board Hon. Sylvia G. Ash, and MCU Board of Directors Secretary and Scholarship Coordinator Shirley Jenkins at a special reception at MCU’s headquarters on June 4.

The recipients of the memorial scholarships are: Noelle Batista, Raven-Dion Blake, Mitashee Das, Jainam Doshi, Elias Kotsis, Daniel Ladner, Katherine O’Donnell and Luce St. Surin.

“I’m extremely proud of this year’s group of scholarship winners,” said Chair of the Board Hon. Sylvia G. Ash. “These young people have demonstrated a drive and commitment that is undeniable in the many aspects of their lives. They will certainly go far in their endeavors, and I am pleased to know that our contribution to their education will help them to do so.”

Scholarship winners were selected based on academic performance, extracurricular and community activities, letters of recommendation, and an essay expressing personal goals. The scholarships are part of MCU’s long-standing, larger corporate commitment to youth education and financial literacy across New York City.

“We are so pleased to recognize these exemplary students and provide them with scholarship money to continue their education and achieve their goals,” said MCU President/CEO Kam Wong. “MCU is deeply committed to both giving back to our community and to investing in our young people and their education. Our scholarship program is one way we are achieving these objectives, while also recognizing and rewarding the outstanding academic efforts of these youth in our community. We congratulate everyone who received an MCU scholarship or grant.”

MCU Board of Directors Secretary and Scholarship Coordinator Shirley Jenkins, who helped implement the MCU Scholarship Program more than 15 years ago, offered valuable words of advice to the winners in attendance. “You are the future,” said Jenkins. ” MCU is proud to invest in your futures. Your contributions will go on to help shape the world in which we live, and it is an honor for MCU to play a role in helping you receive the education that will become a vehicle to achieving your goals.”

Municipal Credit Union (MCU) is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and headquartered in New York City, today MCU has assets of over $2.2 billion and offers a full range of financial services to over 375,000 members. With branches in New York City, Westchester and Long Island, members also have access to the credit union”s large and growing ATM network. Eligibility to open accounts at MCU is available to New York City and Yonkers municipal employees; state and federal employees who work in the five boroughs; health care professionals who work in New York State; members of select industry groups; employees of private colleges in New York City and private and public colleges in Nassau, Suffolk, and Westchester; all students enrolled in a college, university, school, or institution in the City University of New York (CUNY) education system; certain family members, and qualifying retirees. MCU is an equal opportunity lender and deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Municipal Credit Union, visit

Photo caption: (From left to right) MCU $5,000 Memorial Scholarship Winners Raven-Dion Blake, Daniel Ladner, Katherine O’Donnell, and Elias Kotsis pose for photograph at the 2015 MCU Memorial Scholarship Winners Reception at MCU’s headquarters on Thursday, June 4.

More News