SACRAMENTO, Calif. (5/5/14)--Dozens of students heading off to college this fall recently struck gold when a Sacramento, Calif.-based credit union announced that it had awarded them thousands of dollars in scholarships for their achievements in academics, community service and extracurricular activities.
Golden 1 CU, with $8.2 billion in assets, will distribute a total of $357,500 in scholarships--ranging from $1,000 to $5,000 per year--to 33 full-time students just before the school year begins in August.
The scholarships are automatically renewable for two to four years, meaning the student can count on the money being there for subsequent school years.
"These students represent our future leaders," said Golden 1 President/CEO Donna Bland. "We congratulate each of our winners. Our scholarships help them achieve their dreams of a bright and productive future."
To qualify, applicants must have a GPA of 3.0 or higher and have participated in community service and extracurricular activities. The student, or the student's guardian or parent, needs to have been a Golden 1 member for at least one year as well.
Applications are accepted for the scholarship program between Oct. 15 and Jan. 15 every year. The scholarships are awarded to students planning to attend accredited, nonprofit colleges and universities in California.