MCU Awards $66,000 in Scholarships
June 12, 2017
NEW YORK CITY -- 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. MCU President/CEO Kam Wong and Board Chair James Durrah presented the scholarships to the recipients at a special reception at MCU’s headquarters on June 8.
The recipients of the memorial scholarships are Jihad AbdulSabur, Aadil Khan, Syed Abid Hussain Khan, Brianna Lormil, Truth Muller, Thomas Pinto, Michael Pocress and John Edward Timony III.
“We are recognizing a truly great group of students this year. I am very proud to recognize them for what they have accomplished so far and know they will go far in their educational and professional endeavors. I am pleased to know that our contribution to their education will help them do so," said MCU Board Chair James Durrah.
Scholarship winners were selected based on academic performance, extracurricular activities, community service and involvement, letters of recommendation, and an essay expressing personal goals. The scholarships are part of MCU’s long-standing, larger corporate commitment to youth education across the greater New York City area.
“Our scholarship winners are exceptional young men and women who exemplify our credit union values through their drive, dedication to education, and commitment to community service,” said MCU President/CEO Kam Wong. “I am very proud that our scholarship program is able to support exceptional young people as they pursue the higher education that will help them to achieve goals and realize new dreams. We congratulate everyone who received an MCU scholarship or grant.”
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 more than $2.5 billion and offers a full range of financial services to its more than 400,000 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 a wide range of groups including 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; all students enrolled at St. John’s University; 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 www.nymcu.org.
Photo Caption: MCU President/CEO Kam Wong (second from left) presents the MCU Memorial Scholarships to the 2017 winners (from left) Thomas Pinto, John Edward Timony III, Truth Muller, Michael Pocress, Aadil Khan and Jihad AbdulSabur, at a special reception on June 8.