Naveo Credit Union announces three $1,500 scholarships are available for the 2022-2023 academic year through the Carlos Faria and Victor Da Silva Memorial Scholarship Fund

SOMERVILLE, MA (February 10, 2022) — Naveo Credit Union announced it would offer its annual Carlos Faria and Victor Da Silva Memorial Scholarship for the 2022-2023 academic year. Naveo is offering three scholarships of $1,500 each. 

The scholarship is open to full-time students currently enrolled, accepted or awaiting acceptance to a college or university in an undergraduate or graduate program. To qualify, applicants or their parent/guardian must be or become a Naveo member by the submission deadline. Applicants are asked to complete an application, provide a certified copy of their high school and/or college transcripts and write a 400-500-word essay on the topic of an obstacle or challenge the applicant has faced, how they overcame it and how the experience will help them succeed in college and beyond. 

Naveo is accepting complete scholarship applications through March 18, 2022. Naveo’s Scholarship Committee will anonymously score recipients based on the quality of the essay and their financial need, scholastic merit as well as community and school involvement. The recipients will be notified by April 6, 2022. The committee hopes to present scholarships in-person at their Annual Meeting, but it will be dependent on local guidelines on gatherings.  

To apply or learn more about the Carlos Faria and Victor Da Silva Memorial Scholarship, visit

About Naveo Credit Union

( A full service, not-for-profit credit union with branches in both Somerville and Cambridge, MA, which have been serving the community for over eighty-five years. Membership at Naveo is open to anyone who lives, works or attends school in Middlesex, Suffolk and parts of Essex counties. Naveo is a 170 million dollar credit union, serving nearly 10,000 members of diverse backgrounds.


Raquel Sa
VP of Marketing

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