College Scholarships

We care [about your education].

Eligibility

The 2023 Scholarship Program entry period has ended.

The application deadline was April 30, 2023, 5pm EST.
The student applying must be the one completing the application.
Applicants must be planning to attend an 2 or 4-year college.
One application per student per year allowed.
Winners will be announced in June 2023.

2023 Scholarship Information

This year, SVCU is offering 5 scholarships that may be awarded to selected student recipients (traditional or non-traditional), attending a college or university in the Fall 2023 semester. To be eligible, the applicant must be a primary member of Saco Valley Credit Union both at time of application and at time of award.

Entry Requirements:

Primary Member of Saco Valley Credit Union

Applicants must answer one of the following prompts:

Tell us about a time when you did or didn’t do something that in turn, taught you an important life lesson about banking or finances, and explain how it impacted your life.

Tell us about a time when you volunteered and explain how that activity impacted your life and someone else’s.

Format:

The prompts must be answered in either written essay format, between 400 and 600 words, and include photographs to substantiate the impact, OR in a video format that is between 3 and 5 minutes long.

Awards:

5 Scholarship Winners

1^st Place – $5000 Scholarship

2^nd Place – $2500 Scholarship

All remaining entries will be put into a running for 3 $1,000 scholarship awards. The 3 $1,000 scholarship winners will be selected from the applicants that did not get 1^st or 2^nd place.

Click Here to view the scholarship terms & conditions.

Application Deadline was April 30, 2023.

Frequently Asked Questions

Do I have to be a member to be eligible for a scholarship?

Yes, you must be a member to be eligible for one of our scholarships

Can I pick up a paper application?

All applications must be submitted online. We will not be accepting paper applications this year.

To apply for the scholarship, does my child have to be a member if I am a member?

Yes, the student applicant must be a member of Saco Valley Credit Union to be eligible for one of the available scholarships.

What It’s Like When Your Credit Union Cares

Financial Confidence

We are here to listen to your goals, needs, and struggles and then make recommendations for you that won’t break the bank!

Convenience

Banking should be easy! With three branches and online and mobile apps, we try to make banking easy and convenient for you.

Family

Sometimes life throws us a curve-ball and we need help. Saco Valley is your financial family. We want to help and will often have the tough conversations needed to help you get through a tough time.

Disclosures

Saco Valley Credit Union Members who are high school seniors, current college students and non-traditional students are eligible to apply. Applicants must be planning to attend an accredited 2 or 4 year college in Fall 2023 and may either be high school seniors, current college students or entering as a non-traditional student at time of application. One application per student per year allowed. SVCU primary membership at both time of application and award is required. Any winner disbursements will be made directly to the school in the name of the applicant to go towards tuition and/or room and board.