Bay Federal Credit Union awards $6,000 in scholarships to four local students

Three Credit Union members and one employee receive scholarships to pursue higher education.

CAPITOLA, CA (May 15, 2024) — Bay Federal Credit Union announced the winners of its 2024 Education Scholarship and Mac McCormac Employee Scholarship.

Members Felicia Mitchell, Kayla Magdaleno, and Katherine Hodges were named Bay Federal’s Education Scholarship recipients. Member Service Representative, Brittany Saldana, was awarded the Mac McCormac Scholarship in honor of the Credit Union’s first employee. Each recipient will receive $1,500 towards their education-related expenses.

In an effort to promote education amongst its membership, Bay Federal has given back $90,000 in scholarships to the community over many years.

“Each year I am inspired by the potential of our scholarship recipients,” said Carrie Birkhofer, Bay Federal’s President and CEO. “Bay Federal is proud to invest in these students. We look forward to the difference these individuals will make in the future.”

The application process included an essay exploring ways in which one can cultivate financial resilience such as saving for emergencies or managing student loan debt. Applicants were asked to share any personal anecdotes, research, or innovative ideas that can inspire positive change when building financial resilience.

Bay Federal Credit Union Student Education Scholarship Winners

  • Felicia Mitchell, who is pursuing a Bachelor of Science degree in Nursing at University of San Francisco.
  • Kayla Magdaleno, who is pursuing a degree in Cellular Molecular Biology at California State University East Bay.
  • Katherine Hodges, who is pursuing a degree in Human Biology and a double minor in Occupational Science and Psychology.

Bay Federal Credit Union Mac McCormac Employee Scholarship Winner

  • Brittany Saldana, a Member Services Representative at the Credit Union’s Salinas branch, was accepted into the California State University Monterey Bay master’s program for Business Administration.

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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