Municipal Credit Union opens 2014 scholarship application process; $66,000 in scholarships available

NEW YORK, NY (December 19, 2013) —  Municipal Credit Union (MCU) has begun accepting applications for its 2014 scholarships. The credit union will award $ 66,000 in scholarship grants in 2014: eight memorial scholarship grants of $5,000 each and 13 grants of $2,000 each.

The scholarships are offered to college-bound graduating high school seniors. Eligibility for the MCU scholarships is open to an MCU member, a child or a grandchild of a member in good standing.  Selection is based on academic performance, extracurricular and community activities, letters of recommendation, and an essay expressing personal goals. Students applying for the scholarships who are also MCU members will also automatically be entered for a $500 statewide Public Relations and Marketing Council Scholarship.

“MCU is deeply committed both to 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 and also recognizing and rewarding outstanding academic efforts of the youth of our community,” said MCU President and CEO Kam Wong. “We hope our scholarships will enable these students to achieve their goals and succeed in their future endeavors.”

Applications are available on MCU’s website,, and also at any MCU branch. The deadline for completed applications to be submitted is January 31, 2014.  MCU will hold a special awards reception in the spring of 2014 to recognize the eight $5,000 scholarship winners.

The scholarships are part of MCU’s long-standing, larger corporate commitment to youth education and financial literacy across New York City. In addition to these scholarships, MCU also awards valedictorian/salutatorian recognition awards to graduating high school seniors.

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 $1.8 billion and offers a full range of financial services to its over 350,000 members. With branches in New York City, Westchester and Long Island, its 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; 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

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