OTIS Federal Credit Union awards seven $1,000 scholarships to high school seniors

JAY, ME (July 9, 2024)Seven graduating high school seniors who are members of OTIS Federal Credit Union were recently awarded $1,000 OTIS FCU scholarships. The scholarship recipients submitted brief essays for consideration, along with completed scholarship applications, letters of recommendation from a teacher or guidance counselor, and copies of acceptance letters from a college, university, or technical school.

The 2024 OTIS FCU Scholarship winners are as follows:

  • Lily Shaffer – Rangeley Lakes Regional School
  • Charles Stevens, Jr. – Mt. Blue High School
  • Faith Maurais – Spruce Mountain High School
  • Aubrey Kachnovich – Spruce Mountain High School
  • Mary Hamblin – Spruce Mountain High School
  • Kasey Burns – Spruce Mountain High School
  • Griffin Achorn – Spruce Mountain High School

To be eligible for the OTIS scholarship, applicants were required to be a primary member of OTIS FCU, to be a graduating high school senior, to have been accepted to a post-secondary school, and to be continuing their higher education within one year of completing high school. 

Scholarship recipients were selected by the Credit Union’s Scholarship Committee, comprised of OTIS FCU employees as well as members of the OTIS FCU Board of Directors.

About OTIS Federal Credit Union

OTIS Federal Credit Union was founded in April of 1954 by eleven local millworkers. Pooling their respective deposits of $5 each, they associated themselves as charter members of OTIS under the provision of the Federal Credit Union Act. At a time in America when obtaining a loan was difficult for the average family, the founders of OTIS sought to form a cooperative, independent financial institution operated and controlled solely by its local membership. Since its inception, OTIS has been committed not only to providing quality financial products and services to its shareholders, but to giving back to the community. Today, OTIS is a full-service financial center offering real estate, auto, and personal lending; online and mobile banking; a variety of checking, savings, and investment accounts; Visa debit and credit cards; financial planning; and much more. OTIS serves more than 11,000 members and holds over $250 million in assets, employing 26 people from Jay and the surrounding area. The Credit Union is located at 170 Main Street in Jay, Maine. For more information, please visit or call (207) 897-0900.


Kimberly Couture
Director of Marketing & Communications
170,Main street, Jay, ME
(207) 320-4985

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