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Scholarship Criteria

Wellspring Federal Credit Union is offering college scholarships to the 2021-2022 graduating high school seniors or currently enrolled college students who are members of this credit union and meet the following eligibility requirements:

  1. Applicants must be a graduating high school senior or enrolled college student with a minimum of a 2.5 G.P.A., verified by an official transcript.
  2. The applicant must be a member in good standing with Wellspring Credit Union.
  3. The scholarships will be awarded to applicants who express intent to pursue a course of study that will allow him or her to earn an Associate Degree or higher.
  4. Areas of consideration for selection will need to include, academic achievement, character and leadership.
  5. A committee appointed by the Board of Directors of the Credit Union will determine the recipient(s).
  6. If any of the committee’s choice(s) do not accept the scholarships, other applicants will be selected.
  7. The applicant must submit a typed 250 word essay based on the question found on the scholarship application.

The following items must be returned with the application; 

  • Application
  • Official Transcript
  • 250 Word Essay
  • List of School and/or Community Activities (These may be, but are not limited to, church, volunteer, school or other experiences)
  • Copy of SAT Score Report (if applicable)
  • Copy of ACT Score Report (if applicable)

Please Note:  Scholarship applications are also available at any of our branch locations. The application and all required documentation must be turned in at any of the Credit Union branches in a sealed envelope by March 31st, 2022.