Summit Faust Scholarship 2025

Description

About the Scholarship: This $5,000 annual scholarship was established by Summit Credit Union in honor and appreciation for Andy Faust’s 28 years as CEO of Summit Credit Union. 
Application & Review Process: Applications will be reviewed in May 2025. Applicants will be notified of the status of their nomination by phone or postal mail on or before June 6, 2025. Winners will receive an award check made out to the student and the institute of higher learning the student plans to attend in 2025. Scholarships are not redeemable for cash and are not transferable. Scholarship funds must be used by October 1, 2025 or the student forfeits the scholarship. 
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. 
Ownership: By applying for the Summit Faust 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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Selection Process

Scholarship Eligibility:
The student must be a member of the AVID/TOPS program and a member of Summit Credit Union as of January 1, 2025.
Applicants must have a cumulative GPA of 2.0 or higher.
The scholarship is open to high school seniors only.
Employees, siblings, children and grandchildren 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 below must be met for application to be eligible for review:
Membership eligibility must be clearly stated on the application 
Applications must be submitted by May 10, 2025

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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.