LATHRUP VILLAGE, Mich. (2/6/12)--Michigan First CU has launched its Michigan First Foundation and an inaugural college scholarship contest with a $10,000 grand prize.
The foundation will continue the credit union's support for dozens of educational and community-focused organizations and causes across metro Detroit.
The scholarships are offered through the Young & Free Michigan program. Students age 18-25 who plan to attend college in the fall can submit a 60-second video answering the question, "What impact will your education have on where you will be in 10 years?" The foundation is encouraging applicants to "get creative" with the video process and share the contest within their social networks. For more information, use the YoungFreeMichigan.com link, where voters will choose the 10 finalists.
In addition to the grand prize, the foundation will award scholarships of $5,000 for second place, $2,500 for third place and an iPad2 for the "People's Choice" winner of online voting.
The foundation also will continue Michigan First's separate $1,000 high school scholarship program for the 11th year. High school seniors enter through their school counselors at participating schools, while college students apply online at the Young& Free Michigan site.
"We began as a credit union for Detroit teachers, and we'll never forget that heritage or diminish our deep commitment to education," said foundation President and Michigan First CU President/CEO Michael Poulos.