Bay Federal Credit Union accepting applications for 2021 education scholarships

CAPITOLA, CA (November 24, 2020) — Bay Federal Credit Union is now accepting applications for its 2021 Education Scholarship contest. Up to three winners will each receive $1,500 to pay for post-secondary education expenses at any accredited college, university, trade/technical school, or career education program. The deadline for submissions is Saturday, January 20, 2021.

Scholarship applications must be submitted with supplemental documents and an original essay on the following topic: Describe how your feelings and perspectives about money have changed in relationship to the Covid-19 pandemic.

Eligible applicants must have earned a high school diploma or GED certificate by July 1, 2021, and have a membership savings account with Bay Federal Credit Union when submitting their applications. The application and additional information are available at

“With the cost of higher education at staggering levels, students are finding creative ways to pay for college,” said Bay Federal Credit Union President and CEO Carrie Birkhofer. “I’m very proud that we can offer financial support the education goals of dedicated students.”

Over the past nine years, the credit union has awarded 43 scholarships totaling $45,500. Winners will be honored at the credit union’s annual meeting on March 30, 2021.

About Bay Federal Credit Union

Bay Federal Credit Union is a full-service, not-for-profit financial institution that serves over 86,000 members and 2,400 local businesses throughout Santa Cruz, San Benito, and Monterey counties. With more than $1.6 billion in assets, Bay Federal is the largest member-owned financial institution in the region. The organization has been proudly 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.


Amy Ivey,
SVP, Chief Marketing Officer
Bay Federal Credit Union

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