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The purpose of the Scholarship Program is to recognize members who have shown scholastic excellence and who are interested in advancing their education in any field of study to achieve a stronger and sustainable financial future. The NEFCU scholarship is open to all members of NEFCU, Direct Financial, and VSECU, a division of NEFCU.
New England Federal Credit Union will award five (5) $5,000 scholarships to be paid jointly to the recipient and to the accredited school of choice as the funds must be used for tuition. The recipients shall be limited to one scholarship award.
Eligibility
Applicant must be a member in good standing with the credit union. Applicants applying under parent's member number will not be considered.
Applicant must be applying to or enrolled in an accredited undergraduate or graduate program at a college, trade school, or university (minimum 6-credit semester or the equivalent).
Employees and volunteers of NEFCU, Direct Financial, and VSECU, a division of NEFCU, as well as members of their immediate families and households are not eligible.
Previous NEFCU scholarship recipients are also not eligible.
Requirements and Application Process
Application deadline is May 31, 2024
A high school, college, or trade school transcript (unofficial copies will be accepted) or GED (General Education Degree) and any related work experience required. NOTE: Please make sure the name of the institution is on the transcript.
Please write an essay in 500 words or more on how you plan to use your education to help you build a strong and sustainable financial future.
Applications that are incomplete, late, or not in accordance with directions will be ineligible.
Timeline
May 31
Application deadlines
June 1 – June 30
Application review and deliberation
July 15
Scholarships awarded