South Carolina Federal announces Sixth Annual Scholarship Competition

January 18, 2016

South Carolina Federal Credit Union announces its Sixth Annual smpl. Scholarship Competition. The smpl. program provides financial education and community engagement opportunities for 15 to 25 year olds. The scholarship will award a total of $7,500 to three deserving students to use for their college education.

As the oldest financial institution in the tri-county area, South Carolina Federal marks its 80th anniversary in 2016. In this spirit of community and celebration, the scholarship asks applicants to submit an essay detailing how their education and volunteer experiences will help advance our community for the next 80 years. Applicants must also complete an online application, submit a transcript and letter of recommendation. The scholarship is awarded in $4,000 (first prize), $2,500 (second prize) and $1,000 (third prize) sums.

The application process is now open and interested students across the Charleston, Georgetown and Columbia regions, planning to attend college during the fall 2016 semester, are encouraged to submit their application online atwww.smplsc.com/scholarship. The application period will close March 12, 2016 and winners will be announced April 15, 2016.

Winners must attend South Carolina Federal’s Annual Meeting on Monday, April 18, 2016 from 2-3 p.m. at the Rivers Avenue location (6265 Rivers Ave., N. Charleston, SC 29406) to claim their award.

Submitted applications will be reviewed by the credit union’s scholarship committee, and winners will be selected based on academic performance, school and community involvement, recommendations from school and community leaders and financial need.

For official rules visit www.smplsc.com/scholarship.

About South Carolina Federal

South Carolina Federal Credit Union is headquartered in North Charleston.  More than 140,000 members own and belong to the not-for-profit financial cooperative, which has over $1.3 billion in assets. South Carolina Federal is a community-chartered credit union. Anyone who lives, works, worships or attends school in Berkeley, Charleston, Dorchester, Calhoun, Orangeburg or Georgetown counties, and most of the Columbia area, is eligible to join. South Carolina Federal has 17 financial centers and ATMs throughout Charleston, Columbia and Georgetown. More information about South Carolina Federal can be found at scfederal.org.