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Capitola, CA – April 6, 2022 – Bay Federal Credit Union announced the winners of its financial education scholarships at its Annual Meeting on Tuesday, March 29.
Local students Coleman Garner, Juan Padilla, and Carmen Sauceda were named Education Scholarship recipients. Micaela DiPiero and Albert Vizcarra were awarded Mac McCormac Employee Scholarships. Each will receive $1,500 for school-related expenses.
Carrie Birkhofer, Bay Federal President and CEO, announced the honorees at the meeting, which was held in-person at Bay Federal’s Capitola Branch and on Zoom.
“I am incredibly pleased to honor these hard-working students,” Mrs. Birkhofer said. “My hope is that each of them will succeed in their educational pursuits and go on to make a real difference in our world.”
Scholarship applicants were required to submit essays describing what their approach would be to improve money management skills of teens and adults in their communities. The essays were judged blind.
Since 2008, Bay Federal has awarded 75 scholarships totaling $76,500 to students who are pursuing higher education.
“I think it’s great that Bay Federal offers these opportunities for its community,” Sauceda said. She uses student loans, lives at home, and works part-time to attend UC Santa Cruz. “I also have two younger siblings that are going to go to college at some point, and I don’t want to put it all on my dad.”
The application window for the scholarships opens in November each year. The Mac McCormack Employee Scholarship was named after Bay Federal’s first employee.
Who are the Education Scholarship winners?
Who are the Mac McCormac Scholarship winners?
About Bay Federal Credit Union
Bay Federal Credit Union is a full-service, not-for-profit financial institution that serves over 80,000 members and 2,400 local businesses throughout Santa Cruz, San Benito, and Monterey counties. With more than $1.5 billion in assets, Bay Federal is the largest member-owned financial institution in Santa Cruz County, 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.
Contact: Amy Ivey, VP Marketing and Development
Bay Federal Credit Union
831.477.8409
aivey@bayfed.com
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