Summit Credit Union is continuing its history of supporting students’ educational dreams, as the annual Board of Directors Scholarship program is now accepting applications. Each year, the financial cooperative awards a $1,500 grant to three students in their senior year of high school or currently enrolled in college or technical school.
“At Summit, we see lifelong impacts of the financial education and services we provide every day, including savings and loans for higher education,” said Kim Sponem, Summit Credit Union CEO & President. “With our Board of Directors Scholarships we also award financial support directly to hardworking students in support of their journey of higher education and beyond.”
Applications must be submitted electronically by February 26. Blind judging of applications by external credit union professionals will take place in March, and all applicants will be notified of their submission status by phone or email on or before April 30. Scholarship winners will be officially announced in May.
To be eligible for consideration, students must be members of Summit Credit Union as of Jan. 1, 2021, through an individual or joint account and have a cumulative GPA of 3.0 or higher.
The Board of Directors Scholarship is one of several ways Summit is committed to supporting area youth. The financial cooperative also offers a variety of additional scholarships and financial education programs and has in-school branches at Madison’s East, West, Memorial and La Follette high schools.
Over the past five years, Summit has awarded nearly $100,000 in scholarships to students throughout south-central and southeastern Wisconsin. For more information on the Board of Directors Scholarships and to download an application, visit https://www.summitcreditunion.