2020 MFCU Scholarships are available now!
At Members First Credit Union, we believe in the power of education and financial literacy. Our first branch started in a junior high classroom way back in 1936 for Midland County teachers. We’ve come a long way since that classroom branch, but our commitment to educating and empowering students remains strong. It is our desire to reward students for their classroom and community involvement and successes.
This year, MFCU will be awarding a total of $10,000 in scholarships, to be split between four students, in $2,500 increments.
Scholarship recipients are selected on a number of criteria including:
Short essay response (200-500 words)
Participation in community activities/honors/work experience
Education and career goals.
Checks are issued jointly to the recipient and the educational institution. Funds are to be used for tuition, fees, and books for post-secondary education (including but not limited to colleges, trade schools, etc.).
Those applying for a scholarship must meet the following guidelines:
- Must be the primary owner of a Members First Credit Union account in good standing
- Must be attending or have graduated from an accredited high school
- Must be accepted/enrolled in an accredited institution and/or working towards their first undergraduate degree
- Two written recommendations, preferably from one present or former instructor and one employer dated within last five months
Create a 2-minute video* explaining “What does the credit union promise of People Helping People mean to you?”
- Must include transcript from high school or college, can be unofficial
- Must provide an essay outlining goals, aspirations, college, and career plans
Application submission close on April 10, 2020. A credit union Scholarship Selection Committee will make the selection of scholarship recipients. Not all applicants will be selected as recipients. Each scholarship is issued one time and is not automatically renewable. Applicants may re-apply for future scholarships, although scholarship recipients will only be selected a maximum of two times. Members First Credit Union employees and their immediate relatives are not eligible for the scholarships.
*Video submission rules: video must be uploaded to YouTube. Please note that you must select "public" or "unlisted" in the Privacy settings found under the broadcasting and Sharing Options section when uploading your video file to YouTube otherwise we will be unable to access your submission. Please note that selecting “public” will make the video available for anyone to view. You must also include the entire URL on this submission form. You, the applicant, are responsible for retaining at least one copy of the video in the event of a damaged or lost file.
If you have any questions, please contact Emily Oldenkamp via email at firstname.lastname@example.org or via phone at 855.835.6328 ext. 3674.
All scholarship materials and completed application must be submitted by April 10th.