Consumers Credit Union opens scholarship applications early

KALAMAZOO, MI (November 29, 2022) — Consumers Credit Union is pleased to announce that applications for its 2023 scholarship awards are now open. Every year Consumers awards money to deserving Michigan high school seniors for their continuing educational journeys. The awards are one grand prize scholarship of $10,000 and an additional 10, $1,000 scholarships. The scholarship fund is collected from our coin machines and from Consumers employees themselves, who contribute through paycheck donations—a direct link from employees to the communities they serve.

“Over the last 15 years, Consumers members and employees have allowed us to give out over $170,000 to high school seniors. We’re so proud that our program can help Michigan high schoolers pursue their dreams and help make a difference in our world,“ says Scott Sylvester, CEO of Consumers.

Scholarships are awarded to students who will attend a university, college or trade school in fall of 2023. The application is open to all Michigan high school seniors who meet the other requirements laid out by the scholarship committee; including academic achievement, community involvement and an essay contest. The top 11 finalists are selected through a blind selection process based on the scores of the essay committee. Complete details can be found at

The finalists then submit a 60-second video explaining why they should win the $10,000 scholarship. All Consumers employees are able to vote for the grand prize winner from the top three video submissions, as selected by a separate committee.

The application is open through March 1, 2023, and the grand prize winner is announced through a Facebook Live event in April. Today’s announcement marks the 15th year Consumers has helped high school students continue their educations.

About Consumers Credit Union

Headquartered in Kalamazoo, Michigan, Consumers Credit Union is a full-service financial institution and a leader in digital banking technology, mortgages and business lending. Consumers has more than $2.2 billion in assets. Locally owned since 1951, Consumers serves more than 136,000 individuals and businesses through 27 offices located in Kalamazoo, Battle Creek, Grand Rapids, Coldwater, Lansing and up the Lakeshore, with member access to 30,000+ free CO-OP Network ATMs nationwide. For details, visit Editors, please refer to Consumers Credit Union in short as Consumers, rather than CCU.


Lynne Jarman-Johnson, Chief Marketing Officer
269.345.7804, ext. 1753

More News