2026 Credit Union Movement Scholarship

Description

About the Scholarship: From its very beginning, Summit Credit Union and its founders, America's Credit Unions and TruStage, have shared history, success and commitment to create a powerful synergy to inspire the entire credit union movement. That same cooperative spirit extends to our partners in the credit union world: World Council of Credit Unions, Credit Union Executives Society and Filene Research Institute. This annual scholarship was established by Summit Credit Union in honor and celebration of our shared history. Two Credit Union Movement Scholarships Sponsored by Summit Credit Union will be awarded annually, the first place winner will receive $1,500; the second place winner will receive $1,000.
Application & Review Process: Applications must be received electronically by March 7, 2026. Judging by external credit union professionals will take place in March. All applicants will be notified of the status of their submission by phone or postal mail on or before April 30, 2026.
Decisions: Decisions of the judges and of Summit Credit Union are final. In the event there are not enough eligible entries, not all scholarships will be awarded. Receiving a scholarship is subject to validation and verification of eligibility and compliance with the terms and conditions of the scholarship program.

Award Process: Winners will receive an award check made out to the student and school the student will be attending in the upcoming semester. Scholarships are not redeemable for cash and are not transferable. Scholarship funds must be used by October 1, 2026 or the student forfeits the scholarship. Scholarship awards are paid out in US dollars.

Ownership: By applying for the Credit Union Movement Scholarship, the applicant agrees that Summit Credit Union will own all rights in and to your submission and may reproduce, modify, publish, distribute or publicly display this submission.
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Qualifications

Scholarship Eligibility:
The scholarship is open to high school seniors or college/technical school students with a cumulative GPA of 2.75 or higher only.
The student must have a parent, grandparent or legal guardian who is a Summit Credit Union Member and currently employed by America's Credit Unions, TruStage, World Council of Credit Unions (WOCCU), Credit Union Executives Society (CUES) or Filene Research Institute.
Employees, family members of employees and volunteers (board or committee members) of Summit Credit Union are not eligible to participate.
Individuals working as interns in Summit's high school branches are eligible to apply.
Previous scholarship winners are not eligible for additional scholarships from Summit Credit Union.
All requirements must be met for application to be eligible for review:
All areas of the scholarship application must be completed, including membership eligibility and essay questions.
Applications must be received on or before 11:59pm on March 7, 2026.

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About

At Summit, we’re all about helping you turn wishing, waiting and wondering into planning, doing and experiencing. We offer the basic products you want, like checking and savings accounts, credit cards and loans. And we go one step further, providing financial guidance, education, tools, one-on-one coaching and innovative programs to empower you to own your financial life wherever you are in your journey. Anyone can join Summit Credit Union, and once you're a member, you're a member for life. If you move, retire or change jobs, we’ll always be here for you. And finally, since we’re a not-for-profit financial cooperative, all of our earnings are redistributed right back to our members. Think higher interest rates on savings, lower rates on loans and Cash Boomerang, our patronage dividend to members.