Polish & Slavic Federal Credit Union awards $500,000 in college scholarships

Credit union’s annual scholarship program rewards 421 students from across the country

BROOKLYN, NY (June 30, 2021) — The pandemic has wreaked havoc on the studies and daily lives of students the past 15 months, so in an encouraging sign of normalcy returning, the nation’s largest ethnic credit union announced this week the recipients of its annual scholarship program, the 21st consecutive edition of the “PSFCU Scholarship Program.”

A total of 421 students from nine states and the District of Columbia shared $500,000 in scholarships from the Polish & Slavic Federal Credit Union to be used for continuing their education.  This year, the winners included 136 college students and 285 high school seniors.

Since its inception in 2001, the “PSFCU Scholarship Program” has awarded more than $6 million in college scholarships to 5,100 students. Last year, PSFCU granted a total of $480,000 to nearly 400 students from across the country. The annual competition is open to PSFCU members and their families, and is based on academic performance, as well as involvement in various activities, organizations, parishes, Saturday Schools and Polish ethnic clubs.

The majority of this year’s recipients (156 students) hailed from Illinois, where the credit union has five branches surrounding Chicago. Other winners reside in New Jersey (124), New York (119) and Pennsylvania (13), the three other states where PSFCU has branches. The credit union also rewarded students from states and locales in which it has no physical branches: Connecticut, New Hampshire, Florida, Alabama, Arizona, and the District of Columbia.

About Polish & Slavic Federal Credit Union

Founded in 1976 by a group of Polish immigrants to help other ethnic Poles obtain mortgages, the Polish & Slavic Federal Credit Union now has 21 branches in New York, New Jersey, Pennsylvania and Illinois, a Mortgage Center in New Britain, CT and an operations center in Fairfield, NJ. In addition, PSFCU offers mortgage loans on properties located in the states of Florida and Indiana. Credit Union members can access our services through our Online Banking, accessible through our website or through our mobile app. Through its scholarship program, PSFCU has thus far granted over seven million dollars to over 6,000 students. The nearly 47-year-old credit union has over $2.5 billion in assets and serves over 114,000 members.


Mariusz Moryl
973-808-3240 ext. 6132


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