Commonwealth Credit Union’s Scholarship application period is ending on March 15th at 5:00pm ET.
We are again offering four $1,000 scholarships to graduating seniors!
The good news about our scholarships is that they focus less on GPA and more on celebrating students who are making a difference in the world around them. Here’s the information:
What is the Commonwealth Credit Union Scholarship?
The Commonwealth Credit Union Scholarship is an one-time $1,000 scholarship that is awarded to four high school seniors for use in post-secondary education. It utilizes a video submission where applicants tell their personal story on bettering lives, both now and in the future. They also share their insights into banking experiences for young adults. Students may access the scholarship application through our website at: College Scholarships | KY Credit Union | Commonwealth CU (ccuky.org).
When is the deadline?
All submissions must be fully completed and uploaded by 5:00 pm ET on March 15, 2021 to: Scholarship Application › Commonwealth Credit Union (ccuky.org). Only digital submissions to this link allowed.
How do students apply?
With creativity and passion, students will need to record an unlisted/private video of themselves to YouTube that does not exceed 5 minutes. Once completed, students are asked to fill out a short submission form on our website where they will upload the URL to the recording. They are asked to address the following in their video:
- How are you currently Bettering Lives in your community?
- How can CCU Better the Lives of college-aged students?
- How will your education empower you to Better Lives in the future?
- What are you looking for from your banking experience?
Who is eligible?
Basically, to be eligible for this scholarship, the student must be a graduating high school senior attending a post-secondary institution in the fall of 2021. They must also be the primary account holder on a Commonwealth Credit Union membership on or before March 15, 2021. For information on membership, students may go to: Why Commonwealth Credit Union › Commonwealth Credit Union (ccuky.org). Specific details about scholarship eligibility are found on the scholarship application page.
How are the winners selected?
A panel of three judges comprised of professionals from the Louisville Metro Area and Central Kentucky will view and score each video submissions. To ensure a fair adjudication process, no CCU employees serve on this panel. Video submissions are scored using a rubric based on the application criteria. The four highest-ranking videos will be the scholarship winners. Traditionally judging takes place in April and applicants are notified of decisions in May.
I have questions about the scholarship. Who should I contact?
Our Marketing Supervisor, Lindsay Orange, serves as our Scholarship Coordinator:
Commonwealth Credit Union
(502)564-4775, ext. 5299
You mentioned dynamic Financial Education opportunities. I want to learn more...
Commonwealth Credit Union has an award-winning financial education program designed with students in mind. Our engaging online experience is powered by iGrad and focuses on behavioral finances and helping students build healthy money habits while providing high schools with an incredible resource to help meet the new financial literacy graduation requirement. We would love to share more about this incredible service we offer to schools at no cost to them. It’s just one way we have the pleasure of Bettering Lives in our community! Feel free to contact me directly (information below) or reach out to FinEd@cwcu.org to schedule a time to learn more.