Looking for some extra Funding to attend
University or College in the Fall?
The Application Process is Now Closed.
At PenFinancial Credit Union, we’re committed to helping our young Members thrive and become successful, contributing members of our communities. That’s why we introduced the Pete Kalogeropolous and Vince Vocal Student Bursaries. Pete and Vince are former board members from our legacy credit unions, who were both committed to ensuring that every deserving student has a chance to attend post secondary school, regardless of their economic situation.
Two $750 bursaries will be awarded annually to two qualified applicants that have the greatest financial need. Applicants will be assessed on the basis of eligibility, financial need, academics and demonstrated community involvement. Applicants will only be eligible to receive one award in a twelve month period. All applicants will be notified by mail approximately 6 weeks after the deadline date whether or not they have been successful with their application.
ELIGIBILITY REQUIREMENTS
A student may be eligible for a bursary under the program if he/she:
- Is a member of or dependent of a member of PenFinancial Credit Union for at least one year prior to making application. Students related to credit union staff, committee or board members are not eligible to take part in this awards program.
- Is currently or has been accepted as a duly registered full-time student at an accredited university or college.
- Has a minimum cumulative grade point average of C (65%) in his/her academic studies for the last academic year.
- Shows leadership in the area of community involvement and/or co-operative activity.
SUPPORTING DOCUMENTS
The application consists of four parts:
- Official transcripts - Official high school or university/college transcripts of the previous academic records.
- Two letters of reference - Two confidential letters of reference from persons not related to the applicant.
- A curriculum vitae (or resume) - should include a summary of the applicants academic achievements, involvement in/contribution to the community as well as work and any other experiences.
- The completed application form – incomplete or late applications will not be considered.
ASSESSMENT
As applications are received, they are reviewed by marketing & business development staff who will ensure the applicants eligibility as stated in this policy. Name, age and any other identifying information is removed from the application and the applicant is given a numerical identifier. Applications are then considered by the Bursary Selection Committee. The Committee is made up of 5 members of the credit union Level 2 Development Committee – to be determined each year at their January meeting. The applications shall be judged on the basis of financial need and completed material contained on the attached application form. All information shall remain confidential. The Bursary Selection Committee is NOT given name and age information of the applicants prior to the review process.
NOTICE OF BURSARY AVAILABILITY & APPLICATION
Applications will be made available on-line and distributed through all branches year-round. Announcement of bursary availability will be featured on-line in February each year and placed as a message on member year-end statements.
AWARD
The Bursary Selection Committee will review applications during June of each year. Successful candidates will be chosen by July and notified in August. Successful candidates must agree to participate in a photo opportunity. The photo may be used on-line and for credit union marketing purposes as well in local newspapers.
DEADLINE
The completed application fofrm and all supporting documents must be received on or before May 22nd, 2009. Applications can be dropped off at any PenFinancial Credit Union branch location or mailed to the Corporate Office:
PenFinancial Credit Union
Attn: Marketing & Business Development Manager
Re: Student Bursary Program
247 East Main Street
Welland, ON
L3B 3X1
|
