Bay Federal Credit Union 2024 Education Scholarship Opens for Applicants
Capitola, CA – December 19, 2023 – Bay Federal Credit Union is now accepting applications for its 2024 Education Scholarship contest. Up to three individual winners will be awarded $1,500 towards their education or career training expenses. Acceptance or enrollment into a post-secondary education program at any accredited college, university, trade, or technical school is required. The deadline for submissions is Wednesday, January 31, 2024.
The application process, which is now entirely digital, includes a signed and completed application, proof of enrollment or letter of acceptance, and an original essay on the following topic: Building financial resilience. Essays should explore ways in which one can cultivate financial resilience such as saving for emergencies or managing student loan debt. Applicants are asked to share any personal anecdotes, research, or innovative ideas that can inspire positive change when building financial resilience.
Applications can be found at bayfed.com/scholarships. Recipients will be chosen by a panel of judges who will review and score each eligible applicant’s submitted materials based on the set of criteria listed within the application. Winners will be notified via phone and/or email by April 30, 2024.
“I’m extremely proud that we can offer financial support to help dedicated students reach their education goals,” said Carrie Birkhofer, President and CEO of Bay Federal Credit Union. “Sixty-six years ago Bay Federal was established by educators for educators. This scholarship serves as an opportunity for Bay Federal to honor that history and fulfill our mission of making a real difference in the financial lives of our members.”
Over the past fifteen years, The Credit Union has awarded $84,000 in scholarships.
About Bay Federal Credit Union
Bay Federal Credit Union is a full-service, not-for-profit financial institution that serves over 86,000 members and 2,400 local businesses throughout Santa Cruz, San Benito, and Monterey counties. With more than $1.6 billion in assets, Bay Federal is the largest member-owned financial institution in the region. The organization has been proudly serving its members and the community since 1957. Bay Federal is a certified Community Development Financial Institution, with a primary mission of promoting community development alongside their financial activities. Bay Federal has an award-winning employee volunteer program in which employees have given their own money and volunteer for numerous local schools, nonprofit organizations, and community events each year.
