Virginia Credit Union Scholarship Program

Virginia Credit Union Scholarship Program

Funder: Virginia Credit Union (VACU)

Program Status: Active; applications open annually in December

Geographic Scope: Virginia (primary service area)

Award Amount: Approximately $2,500 per scholarship; $75,000 distributed annually to approximately 30 student members

Program Focus: Supporting undergraduate students pursuing their first degree at accredited colleges and universities

Eligibility Requirements

• Membership: Must be a member of Virginia Credit Union or Member One division by March 1, 2026 (deadline for 2025-2026 academic year)
• Academic Standing: Minimum 2.5 GPA or higher
• Enrollment: Must be enrolled in an accredited college or university for the coming academic year
• Credit Hours: Must be taking or planning to take at least 9 credit hours per semester
• Degree Level: Undergraduate students pursuing their first degree only (graduate students are NOT eligible)
• Account Requirements: Must have own VACU membership account (joint accounts with parents do not qualify; those under 18 at Member One must have joint account with parent/guardian)
• Age: No age restrictions

Ineligibility

• Employees, board members, or official credit union volunteers of VACU and their family members
• Previous scholarship recipients (one-time award only)
• Students pursuing graduate degrees
• Students whose parent is a member if they are not independent account holders

Contact Information

• Phone: 804-323-6800
• Email: Available through website contact form
• Website: vacu.org

Additional Details

• Award notifications sent via email (typically end of April) and by mail
• Established to help student members with first-degree completion
• Part of VACU's community commitment to member education and financial success