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$12,000 Credit Union Scholarship Program In Full Swing

Tue, Sep 12, 2017

The Foundation’s $12,000 Credit Union College Scholarship Program is now underway.

Judges from the 2017 scholarship competition were asked for topic suggestions and the 2018 topic for essay applicants is: “Describe the value found in credit union membership.”

This year’s video topic: “Create a 60-second credit union ad to attract young members (Ages 16-24).”

Photographers are invited to capture an original photograph that represents the credit union core value “Community.”

College or trade school-bound members of any credit union based in Maryland or D.C. are eligible.  The scholarship program is completely turnkey and free for MD- & D.C.-based credit unions.

“Our program is designed so credit unions can offer the scholarship as their own,” noted Foundation Secretary and Grants & Programs Committee Chair Fred Caprio.  “It’s a great tool for credit unions to use to increase youth membership and educate students on credit union values and services.  Every credit union in Maryland and D.C. should promote this free program for their members.”

The Program includes:

  • $12,000 in scholarship awards
  • Easy online application site
  • Lobby posters
  • Scholarship graphics
  • Statement stuffer artwork
  • Sample newsletter/web copy
  • 100+ volunteer judges

After the March 31, 2018 deadline credit unions with member applicants receive a report noting who entered and their standing so they may reach out to those members who may fall just shy of the scholarship award levels.  “Many credit unions chose to reward members who apply by providing gift cards or a letter of support, even if they don’t place among the top contenders,” added Caprio.  “It’s a classy way of letting your young members know you care.”

For more information on the scholarship program and to access promotional tools, please visit http://www.cufound.org/credit-union-resources/college-scholarship/