SECU Foundation Plans Another $4 Million In Scholarships This Year

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RALEIGH, N.C. – The State Employees’ CU Foundation, which has grown into one of the biggest educational grant programs in the country, plans to give another $4 million to in-state college students this year under its People Helping People scholarship program in 2011.

The non-profit arm of the $22 billion credit union once again will provide a $10,000 grant to one student at each of North Carolina’s public high schools and two of the state’s charter high schools in 2011, and $5,000 to a student at each of the state’s community colleges. In 2010, the foundation awarded scholarships to 368 high school graduates and 118 community college graduates at a cost of more than $4.2 million.

“North Carolina is blessed with many wonderful state universities, and SECU members are committed to providing students throughout the state with opportunities to further their education through this great system,” said Shirley Bell, chairman of the SECU board of directors.

The SECU Foundation, which is funded solely by credit union members, has awarded $28.5 million in local college scholarships since 2005, and also given out millions to the state’s hospitals and hospices.

 

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