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Looking For Scholarships? Don’t Forget Credit Unions!

Credit Unions are probably the most helpful financial institutions known to mankind. They provide all the same services found in the more traditional bank settings but since they are owned and operated by the community members in which they serve, they bring a more comforting element to the table.

As you move forward in the college search process and start looking for outside scholarships, you will definitely want to drop a line to your local credit union to see if they have anything available. You may be surprised.

KEMBA Financial Credit Union located in Columbus, Ohio is celebrating their 21st year of providing college scholarships to their members. This year they are giving away $2,000 to one lucky member.

Here are the details regarding eligibility:

  • You have to be a member of the credit union (which is easily accomplished by any of the following)
    • Live, work, or worship in Franklin, Delaware, Logan, Madison, Sylvania Counties in Ohio
    • Be employed by a participating KEMBA partner company
    • Have a family member that is already a member
    • Become a member of Angie’s List Association, Ohio Nurse’s Association, or Columbus Board of Realtors
  • Be at least a High School Senior
  • Be enrolled or planning to attend an accredited college/university
  • Going full-time (at least two courses)

If you meet the above criteria, you can download an application from KEMBA here

The deadline is February 1st. Good Luck!

If you need additional assistance with finding outside scholarships, please be sure to check out CheapScholar’s Scholarship Resource Page.

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KEMBA Financial Credit Union Scholarship

I am constantly amazed at how local credit unions come through time and time again for their members. When compared to the competition (traditional banks) they seem to always offer better interest rates and usually better customer service. I have witnessed firsthand how credit unions have helped to bridge the gap with education funding so I shouldn’t be surprised when I see a credit union throw some extra scholarship dollars out there to help students cover their college expenses.

The KEMBA Scholarship Opportunity

KEMBA Financial is a credit union that started many years ago (77 years ago to be exact) and it was founded originally for Kroger Employees. Fast forward to 2010 and now it helps to provide financial services for over 55,000 members throughout the Ohio region (Madison, Franklin, Delaware, & Logan counties).

KEMBA is providing a $2,000 college scholarship opportunity to one lucky student. This scholarship is not one of those fly-by-night programs since this is the 19th year that this program has been in existence. An extra bonus for all applicants is that they also get entered into a separate $1000 college scholarship contest provided by the Central Ohio Chapter of Credit Unions. So, by filling out one application you could gain an extra $3,000 to go toward your education expenses (if you win both scholarship programs). Sounds like a no-brainer to me!

The requirements for eligibility are not too stringent and easily met. You must:

• Be a KEMBA member
• Be at least a high school senior
• Be enrolled in or attending an accredited university
• Be a full-time student (taking at least two courses)
• Complete the application and submit the required essays before January 28, 2011

If you are a resident of any of the Ohio counties mentioned above (or know someone who is) and would like to garner some extra scholarship dollars, you can get the application for the KEMBA Scholarship program here. Should you have any questions about the scholarship program or the services (including private education loans) provided by KEMBA, you can reach them at the contact information provided below:

KEMBA Financial Credit Union
555 Officenter Place
P.O. Box 307370
Gahanna, OH 43230

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