South Carolina Federal Credit Union announces 7th Annual Scholarship Competition
February 1, 2017
South Carolina Federal Credit Union announces its 7th Annual Scholarship Competition. The program provides financial education and community engagement opportunities for 15 to 25 year olds throughout the region. The scholarship will award a total of $7,500 to three deserving students for use toward their college educations.
The program strives to prepare young adults for their next steps by teaching saving, budgeting and basic investing skills. The 2017 essay prompt requires a maximum of 500 words essay on “How are you planning for your financial future?” 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) increments.
The application process is now open and interested students, planning to attend undergraduate college during the fall 2017 semester, are encouraged to submit their application online at www.scfederal.org/scholarship. The application period will closeFebruary 28, 2017 and winners will be announced April 3, 2017.
Winners must attend South Carolina Federal’s Annual Meeting on Monday, April 24, 2017 from 2-3 p.m. at the Rivers Avenue location (6265 Rivers Ave., N. Charleston, SC 29406) to receive 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.
About South Carolina Federal
South Carolina Federal Credit Union is headquartered in North Charleston. More than 150,000 members own and belong to the not-for-profit financial cooperative, which has over $1.5 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.
