First American Credit Union offers annual scholarship for higher education
From press release
There’s no escaping the fact that college prices are rising. According to recently-released reports from CollegeBoard.com, most students and their families can expect to pay, on average, from $172 to $1,096 more than last year for this year’s tuition and fees, depending on the type of college. Private and public four-year college costs are up 4.4 percent and 6.5 percent, respectively. This information, factored with the financial turmoil many families are facing, paying for a higher education is becoming more and more difficult.
First American continues to help its members further their education with its $500 scholarship. The scholarship is open to credit union members in good standing who are a graduating high school senior or equivalent, or an undergraduate college student taking at least nine credit hours per semester at an accredited college or university for the 2010-11 academic year. Graduate students, employees, board and committee members of First American and their family members are not eligible.
Applications can be found at First American’s branches in Beloit, Janesville, or Rockton, or by logging onto www.firstamericancu.com. Interested parties can also call (608) 364-3700 and request to have an application sent to them. Applications and related documents must be received at First American by March 31, 2010.
The credit union also provides a good grade incentive for K-12 students who receive at least a 3.0 GPA or better. Students can take advantage of the good grade incentive twice a year, and have the funds deposited into their Youth Savings Account. Report cards must be submitted to First American within 45 days following the end of the semester.
First American Credit Union is a member-owned financial cooperative serving anyone who lives or works in Winnebago County, Ill., Walworth County, Wis., Green County, Wis., and Rock County, Wis. Founded in 1933, the credit union has more than $147 million in assets and serves more than 18,000 members.
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