UCU accepting applications for annual student scholarships

Open to UCU members attending any University of Maine System campus or Maine Maritime Academy

ORONO, ME (February 1, 2019) — University Credit Union (UCU) is now accepting applications for its 2019 scholarship program. Applications must be received through the UCU website no later than Wednesday, May 1, 2019.

For a fourth consecutive year, UCU will award a $1,000 scholarship to a student from each of the seven University of Maine System institutions, including: University of Maine, University of Maine at Augusta, University of Maine at Farmington, University of Maine at Fort Kent, University of Maine at Machias, University of Maine at Presque Isle, and the University of Southern Maine, as well as Maine Maritime Academy.

“From the first savings account to the first home, at UCU we’re here every step of the way helping members start their financial lives strong and finish where they want to be – enjoying life,” said Matthew Walsh, president and CEO of UCU. “If done wisely, investing in education can be one of the greatest stepping stones toward long-term financial success and we are pleased to be able to offer a multi-campus annual scholarship to assist with the cost of attendance.”

To be considered, applicants must be UCU members in good standing with primary account ownership and be entering the fall 2019 semester at one of the eight institutions. Qualified applicants will be selected by the Scholarship Committee based upon their eligibility and application information. Scholarship recipients are chosen at random from the pool of qualified applicants. Funds will be disbursed directly to the school upon verification of enrollment in both semesters and will be divided equally between the fall and spring semesters.

Since beginning its scholarship program in 2016, UCU has awarded 19 scholarships totaling $17,500. For full program details and to apply, visit

About University Credit Union (ME)

Established in 1967, UCU is an innovative, full-service financial institution dedicated to promoting financial well-being for the individuals and communities it serves. UCU is one of the largest credit unions in Maine, serving members across the state of Maine with locations in Orono, Bangor, Farmington, Gorham, Portland, Presque Isle, Machias and soon, Augusta. As a not-for-profit financial cooperative, UCU returns its profits back to members in the form of lower loan rates, higher deposit yields, lower fees, and more solutions and services. For more information visit


Josiah Petrin
Broadreach Public Relations

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