How much funding does MyWay Scholarship provide?

MyWay Scholarship provides $1,000 in funding.

When is the deadline for MyWay Scholarship?

This grant has a rolling deadline or the deadline has not been announced.

MyWay Scholarship

FIRST COMMERCE CREDIT UNION

Foundation Annual Grants for Education

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Funding Amount

$1,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

MyWay Scholarship

Funder: First Commerce Credit Union

Status: Active (most recent award 2024)

Geographic Scope: North Florida and South Georgia service areas (specifically mentions Tallahassee, FL and Adel/Valdosta, GA)

Award Amount: $1,000 per scholarship

Program Background: First Commerce has awarded MyWay Scholarships for at least 10 years (as of 2024). The program recognizes students who demonstrate excellence in school and beyond.

Eligibility Requirements

Age: 17-29 years old
Account Requirement: Must have a First Commerce checking account in good standing
Account Types: SmartStart Teen (ages 13-17) or Power Checking (ages 18+)
Status: Must be pursuing higher education

Selection Criteria

Winners are selected based on:

Grades/academic performance

Community service

Leadership

School activities

Work experience

Application Requirements

Essay or short video elaborating on experiences with and approach to money
Lessons learned about financial management
Applications judged by independent panel of educators from:

Funding Details

Disbursement: Paid directly to student's chosen institution of higher learning
Eligible Uses: Tuition, fees, books, and school expenses
Number of Awards: Typically 2-4 scholarships awarded annually (2 in Florida, 2 in Georgia based on recent years)

Account Features for Eligible Applicants

MyWay checking accounts include:

Free online financial education courses

Automatic Savings Option (EvenUp program rounds up debit card purchases)

No Overdraft Fees

Zelle® money transfer capability

Real-time text and email alerts

Credit score monitoring and management

24/7 digital banking with mobile deposit

Contact Information

Phone: 850.488.0035 or 1.800.533.5772
Website: FirstCommerceCU.org/Community/In-The-Community/MyWay-Scholarship
Additional Info: FirstCommerceCU.org/Checking

Organization Background

Founded: 1940
Type: Full-service, not-for-profit credit union
Service Areas: Locations across North Florida and South Georgia
Structure: Member-owned cooperative

How to Apply

Application Process

1. Eligibility Check: Verify you have a First Commerce checking account in good standing (SmartStart Teen or Power Checking)
2. Obtain Application: Contact First Commerce or visit their website for application materials
3. Complete Application Form: Submit personal and academic information
4. Submit Essay or Video:
- Option A: Write an essay elaborating on your experiences with money and approach to financial management
- Option B: Submit a short video on the same topic
- Include lessons learned about managing money
5. Submit Application: Send completed application with essay/video to First Commerce
6. Judgment: Independent panel of educators from partner institutions reviews applications
7. Award Notification: Winners are selected and notified
8. Disbursement: Scholarship funds are paid directly to the student's chosen institution