What It's All About...
The YIB offers credit unions throughout the state an opportunity to participate in this statewide scholarship program for high school seniors. The YIB awards eight (8) scholarships to credit union members seeking post-secondary education in the amount of $1,000 each. Four (4) scholarships are awarded to students attending a 4-year college/university and four (4) scholarships are awarded to students attending technical/vocational schools or community colleges.
Credit unions are categorized by chapter: Northern, North-Central, Southern, and South-Central. Two winners are chosen in each chapter: the top scoring student attending a 4-year college or university and the top scoring student attending a technical/vocational school or community college. This will give more opportunity to all the credit unions in each chapter to produce a scholarship winner. The goal of the scholarship program is to be able to aid as many students as possible.
Scholarship applicants are competing against all other applicants in their chapter. The applicants will be judged based on academic performance, community involvement, honors, leadership roles, and other criteria.
Key Dates and Timeline
|February 1, 2017||Participation Agreements & payments are due to the NJCUL office|
|October 2016 –
|Participating CUs market the program to young members through branch signage, newsletter articles, and flyers|
|March 31, 2017||Deadline for students to provide their applications to participating CUs|
|May 1, 2017||Deadline for participating CUs to provide completed applications to NJCUL|
|May 30, 2017||YIB will announce the winners of the 2016-2017 Scholarship Program|
The New Jersey Credit union League’s Youth Involvement Board (YIB) is made of credit union professionals as well as League staff members dedicated to reaching young credit union members.
Currently, the Board organizes an annual scholarship program open to all NJCUL-member credit unions to offer their young members. The Board would also like to branch out into other areas of helping the state’s youth.
Members of the Board are also welcome to participate in the National Youth Involvement Board (NYIB), a national network of credit union professionals that share ideas and best practices when it comes to marketing to and attracting young members as well as providing financial literacy.
If you’re interested in joining the board, please send an email to Dan Jacinto at email@example.com.