State Employees CU Extends LandmarkScholarship Program

RALEIGH, N.C. - (11/03/05) -- The boards of both State EmployeesCU and the SECU Foundation have voted to continue the creditunion's landmark scholarship program, which awarded collegescholarships to every single public high school in the state lastyear, credit union officials announced Wednesday. In its firstyear, the foundation's 'People Helping People Scholarship Program'awarded more than $4.5 million in college grants, including a$10,000 scholarship to one student at each one of the state's 350public high schools and 22 charter high schools; and two $5,000scholarships to attend every one of North Carolina's 58 two-yearcommunity colleges, according to Mark Twisdale, spokesman for thefoundation. The scholarships cover all tuition for recipients. Thepublic school scholarship program, likely the most ambitious in thecountry, is expected to reach $6.5 million a year over the next fewyears, he said. "Decisions on recipients are made at the locallevel and not by the credit union or the foundation," he told TheCredit Union Journal. The main criteria are academic achievementsand good character and integrity.