Seven Seventeen Credit Union offers Twelve $1,500 scholarships for post-secondary education.
University-based Merit Scholarships: FOUR University-based Merit Scholarships are available to graduating high school students planning to attend the largest universities located within the communities we serve: one scholarship each for Youngstown State University, Kent State University-Main Campus, Kent State University Branches (one scholarship to be awarded from applicants to Trumbull, Salem, or Stark Branch Campuses), and University of Akron. Applicants for the Merit-based Scholarships must have an account with Seven Seventeen or be the legal dependent of a Seven Seventeen member.
The recipients of the Merit Scholarships will be chosen by the Financial Aid Departments of the respective universities based on the applicant’s grade point average, school and community involvement, and letters of recommendation. The university scholarships are non-renewable awards.
Credit Union Spirit Scholarships: As a financial cooperative, the resources of members are pooled to the financial benefit of the collective membership. In the spirit of the credit union movement’s “people helping people” philosophy, Seven Seventeen offers FOURCredit Union Spirit Scholarships. These scholarships are also university specific and apply to the same universities as the University-based Merit Scholarships (YSU, Kent Main, Kent branches, Akron). They are also selected by the Financial Aid Departments of the respective universities, but take financial need into account along with minimum merit requirements.
Applicants for the Credit Union Spirit Scholarships are not required to be members of Seven Seventeen at the time of application, but must be a member to receive the scholarship. If the applicant is not a member of the Credit Union upon being selected, Seven Seventeen will open a savings account for the recipient to establish membership.
TWO cha-ching!sm Teen Club scholarships are available for any post-secondary education – ie: any accredited university or trade school. Applicants must be members of the Seven Seventeen cha-ching Teen Club. These scholarship recipients will be chosen by a five member panel, which may include representatives from Seven Seventeen’s staff, Board of Directors, and independent university representatives, none of which have a relative applying for this scholarship. Recipients will be selected based on response to an essay question. Student grade point average, school/community involvement, and letters of recommendation may also be considered if the essay scoring results in a tie.
Seven Seventeen also offers TWO $1,500 scholarships to Seven Seventeen members between the ages of 18 – 25, who are edgesm club members, and pursuing a post-secondary education at any accredited trade school or university. edgesm members can apply for this scholarship each year they are pursuing a post-secondary education. The recipient will be chosen by a five member panel whose composition will be similar to the cha-ching!sm scholarship review panel. Recipients will be selected based on response to an essay question. Student grade point average, school/community involvement, and letters of recommendation may also be considered if the essay scoring results in a tie.
Scholarship applications are available in high school guidance offices and at any Seven Seventeen office. You can also download scholarship applications using the links below:
Applications and all attachments MUST be returned to any Seven Seventeen office no later than March 1. The scholarship recipients will be notified in early April of their award and be invited to be our guests at the Annual Meeting in late April. Individual students may apply for more than one scholarship, but will be granted only one $1,500 scholarship in a calendar year.
All scholarship awards will be paid in two increments of $750; one half per term of study during the award year, upon verification of the student’s full-time enrollment status that term after the drop-and-add period has expired.