PORTLAND, Ore. (3/18/10)--Some lucky teacher will get a year's worth of mortgage payments paid by OnPoint Community CU in its Prize for Excellence Education Contest. The Portland, Ore.-based, $2.8 billion asset credit union is partnering with KGW-TV to honor local teachers and their schools. It will award nearly $45,000 to deserving private and public K-12 teachers and their schools. In addition to paying the mortgage for one year for the Educator of the Year, the credit union will pay $5,000 for that teacher's school for resources and supplies. OnPoint, which was founded by teachers in 1932, continues to recognize that strengthening local education is one of the best ways to build thriving communities. The annual contest "celebrates extraordinary teaching methods that spark enthusiasm and passion in students and their parents," said OnPoint President/CEO Rob Stuart. Also, a Community Choice winner will be selected and awarded $1,500 cash, plus $1,500 for the teacher's school. Three finalists also will be selected and will win $1,500 and $1,500 for each of their schools. Five semi-finalists will be given $250 each for their school. Throughout the campaign, KGW-TV will run promos to support the OnPoint Prize contest. The credit union also will post contest updates on Facebook and Twitter. Winners will be announced June 4.