Naveo Credit Union awards $7,500 in scholarships to recipients of the Carlos Faria and Victor Da Silva Memorial Scholarship and the John C. Feitor Memorial Scholarship

SOMERVILLE, MA (May 1, 2023) — Naveo Credit Union’s Scholarship Committee awarded four scholarships totaling $7,500 to local students during their Annual Meeting and Member Appreciation event on April 12. Scholarship recipients for the Carlos Faria & Victor Da Silva Memorial Scholarship were Mia Rivera Asmen, Kevin Clark and Paul Bizarria, all of Somerville. The winner of the John C. Feitor Scholarship was Makayla Feitor, also of Somerville. Scholarship recipients are anonymously selected based on factors including financial need, scholastic merit as well as community and school involvement.

Members of the Naveo Scholarship Committee presented winners with their certificates for both scholarship programs at the event held at Vera’s Union Square.

“At Naveo Credit Union, we value the importance of education and the role it plays in a person’s journey through life. It is through education that a person will further realize their goals and dreams of a preferred professional career. Through the Carlos Faria & Victor Da Silva Memorial Scholarship and the John C. Feitor Scholarship Awards, Naveo is very proud to be a part of that journey to academic success, and ultimately a successful professional career. It was a pleasure to review all the applications received. In addition, it was very impressive to see the academically committed applicants we have within the Naveo community. We would like to thank all the applicants that participated in making this year’s Scholarship Awards a great success. As well, we would like to congratulate all the awards recipients and their loved ones. We wish all the applicants and awards winners the very best in achieving their goals, and much continued success with their journey ahead,” commented Paul Ferreira, scholarship committee chair.

Named after former board members for their dedication to education, the Carlos Faria and Victor Da Silva Memorial Scholarship Fund has been a part of the Credit Union since the 1980’s. The John C. Feitor Memorial Scholarship was launched in 2022 to honor the legacy of the longtime volunteer board member who was a strong believer of community involvement and striving for higher education.

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 175 million dollar credit union, serving nearly 10,000 members of diverse backgrounds.


Raquel Sa
VP of Marketing

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