Membership

Annual Scholarships

scholarship photo

Fourteenth Annual College Scholarship Award

Community Powered Federal Credit Union will once again grant three (3), one thousand dollar ($1000) scholarships to qualifying high school seniors.

We encourage all qualified students to apply for these scholarships. Applications will be available Wednesday, April 30, 2014.


QUALIFICATIONS:

Applicants must be a high school senior, graduating in 2014 from a public, private, or parochial school.

  1. Applicants must fully complete the attached application.
  2. Applicants must submit either a typed or video essay based on a topic provided by the credit union.
  3. Applicants must meet the entrance requirements of a college of their choice and provide proof of their acceptance.
  4. Applicants must submit a signed letter of recommendation from a teacher, instructor, or guidance counselor.
  5. Applicants must have a parent or legal guardian who is a member of Community Powered Federal Credit Union account, in good standing.
  6. Applicants (students) must be the primary member of their own Community Powered Federal Credit Union account, in good standing.
  7. To be eligible for selection, all required items must be submitted as a package and be received by Community Powered Federal Credit Union no later than Friday, June 6, 2014.

All entries will be judged by an independent agency, whose decisions are final. We will announce scholarship winners in late July. Winners will be asked to submit a photograph for publication in our newsletter.


ESSAY/VIDEO REQUIREMENT:

Please submit a typed essay, no less than 250 words and no greater than 500 words, OR a video essay no less than
2 minutes long and no greater than 5 minutes long, based upon one of the topics below:

  1. If you were the Marketing Manager of Community Powered Federal Credit Union, how would you encourage college age students to use the services of the Credit Union?
  2. How can parents help their children achieve financial independence?
  3. What can high schools do to better prepare graduates to understand and manage their financial responsibilities?

For Video applicants, please upload to youtube.com and on your application, please list the URL where your
video can be found.

All entries will be judged by an independent agency, whose selections are final.

Important: Your Application, Essay/ Video, Letter of Recommendation, and Notice of Class Rank must be submitted as a package by Friday, June 6, 2014 to:

Community Powered Federal Credit Union
Scholarship Committee
1758 Pulaski Hwy
Bear, DE 19701
ATTN: Joel Romaine


Community Powered Federal Credit Union can help parents finance educational expenses through products such as a Home Equity Line of Credit. Call our loan department for more information. Help your student manage their finances with a Community Powered FCU checking account, debit card, or Visa® credit card.

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