State Employees Unveils New ScholarshipFund

Register now

RALEIGH, N.C. - (10/20/04) -- State Employees CU said its newfoundation has established a scholarship program to assist studentsin each of 58 community colleges in the North Carolina CommunityCollege System. The 116 two-year scholarships are valued at up to$5,000 each and represent a financial commitment on the part of theSECU Foundation of $580,000 and is believed to be the largestscholarship program ever offered by a credit union. Funding for theFoundation scholarships has come from SECU's members, whose $1 permonth maintenance fee paid on SECU's checking account is beingrouted to the Foundation.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER