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Virginia Credit Union Scholarship Program

Each year, Virginia Credit Union recognizes outstanding student members of all ages through its scholarship program for members. The Virginia Credit Union Scholarship Program honors former VACU Presidents Dorothy J. (Dot) Hall and Jane G. Watkins for their many contributions to the credit union and its members.

Scholarship Amount

Virginia Credit Union will award scholarships for an amount up to $2,500 to 30 students enrolled in an accredited college or university for the 2017-2018 academic year.* The scholarship may not exceed the cost of education billed by the school. Scholarship funds will be paid directly to the school.

To be eligible for scholarships for the 2017-2018 school year, student applicants must:

  • be a member of Virginia Credit Union (VACU), not just any credit union in Virginia
  • be the primary member of their own account (not just a joint owner on someone else’s account). Applicant's accounts must be in good standing
  • be a rising college freshman, sophomore, junior or senior who will be taking at least 9 credit hours per semester
  • be pursuing their first degree in an undergraduate or associate's degree program at an accredited college or university
  • have joined Virginia Credit Union by December 1, 2016

For information about how to join and become eligible to apply for a 2017 scholarship, please visit our membership page. Scholarship applications will be available online in December 2016.

Richmond Chapter of Credit Unions Scholarships

This scholarship program is sponsored by the Richmond Chapter of Credit Unions. For these scholarships, either a student or one of his/her parents must be a member of a Richmond area credit union.

The application period for the 2016 scholarships is closed. More details and an application for this scholarship will be available online by January 1, 2017.

Please contact Member Services at (804) 323-6800 or (800) 285-6609 if you have questions or if we can help you in any way.

*VACU pays prorated amounts (not to exceed $1,250 each semester) in the fall and spring to the college or university after an applicant’s acceptance by that institution. The second payment shall be forfeited if studies are discontinued or do not meet VACU’s minimum requirement of nine hours per semester.