Aroostook Savings & Loan recently awarded two local County students scholarships towards their college education.

Aroostook Savings & Loan

Kristin Macek, a 2015 Caribou High School graduate, will be a freshman at the University of New England and plans to study Pre-Medical. She is the daughter of David and Julia Macek.

Aroostook Savings & Loan

Ryan Lavway, a 2015 Presque Isle High School graduate, will be a freshman at University of Maine at Orono this fall and plans to pursue a degree in Nursing. He is the son of Lynnelle Lavway.

Each graduate received a $4,000 scholarship through the Aroostook County Federal Savings & Loan Association Scholarship Fund Program.  “The Board of Directors started the scholarship fund program in 2000 to help our Association members and their families with pursuing their higher education,” explained John Swanberg, President. “We know how important a college education is today. This is just one way of showing our appreciation to our customers for their loyalty throughout the years, and to thank them for their continued support of our Association.”

So far, the program has awarded $105,000 in scholarships since its inception in 2000.  With the cost of tuition increasing each year, these funds have helped many Aroostook County families cover educational expenses.

Aroostook Savings & Loan is a local financial institution that has been providing exceptional financial services for almost 80 years. Aroostook Savings & Loan is dedicated to serving the people of Aroostook County and our customers (our members), who own our mutual Association.  Aroostook Savings & Loan operates offices in Presque Isle and Caribou and currently maintains close to $100 million in assets. Aroostook Savings and Loan is an Equal Housing Lender, Member FDIC.

For more information about Aroostook Savings & Loan, visit their website at