March 6, 2022
To provide financial assistance to children of Founders Federal Credit Union members to attend an accredited college, vocational, or technical school of their choice.
Applicants must be children of founders Federal Credit Union members (natural born or legally adopted children and stepchildren and wards of employees); parents or legally appointed guardians of applicants must be Founders Federal Credit Union members in good standing for a minimum two years (24 months) prior to the application deadline; must be high school seniors scheduled to graduate in the spring of the current school year; must have a minimum 3.5 cumulative grade point average (on a 4.0 scale). Recipients are required to perform 40 hours of community service per year to be eligible for renewal for the following year.
Scholarship Committee will consider the following when selecting recipients: financial need as determined by the costs of college attendance compared with an applicant’s household income and other financial factors; record of good citizenship, as evidenced by school and community involvement beyond required school activities and customary faith-based (church) involvement; prior academic achievement, including cumulative grade point average; preference is given to applicants who demonstrate a positive influence in their school and community and exemplify sound morals and character.