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SECU CU of Ohio expand scholarship programs
RALEIGH, N.C., and HILLIARD, Ohio (1/7/11)--Credit unions looking for good ideas for their scholarship programs can note two successful programs offered by the Credit Union of Ohio, based in Hilliard, Ohio, and Raleigh, N.C.-based State Employees' CU. Credit Union of Ohio launched a contest Monday where students can receive up to $7,500 in college scholarship money this winter by making a short video revealing the impacts of positive and negative financial choices. The contest is open to all undergraduates enrolled or officially accepted at The Ohio State University, Columbus, as well as members who are undergraduates at any accredited university. Deadline for entries is Feb. 28. This year's contest theme is "The Good, The Bad, and The Money." The competition's goal is to prompt students to reflect on daily spending choices, saving money, managing finances and sharing their wisdom with their peers. "This scholarship opportunity is meant to help students discover and share tips for financial responsibility, while taking a stab at earning some real money in the process," said Kim Hudson, vice president of marketing at the $115 million asset credit union. Five thousand dollars will be awarded to the first place video selected by a panel of judges, and $2,500 will be awarded to the video receiving the votes in an online "people's choice." Details for online voting will be disclosed on the credit union's Facebook page at www.facebook.com/cuofohio. In North Carolina, SECU's members renewed the member-funded SECU Foundation "People Helping People" High School Scholarship program. Originally approved in 2004, it provides a $10,000 four-year college scholarship to a graduating senior from each of the traditional public high schools and two charter high schools in the state. It is awarded for study at one of the 16 constituent campuses in the University of North Carolina system. The 2011 renewal brings the total educational funding commitment in North Carolina by SECU members to $28.5 million. Scholarship recipients are chosen by each high school's scholarship committee, based on the student's embodiment of the "People Helping People" spirit and grade point average of 2.5 or higher. The graduation rate of SECU Foundation scholarship recipients is more than 85%. "The need for the SECU Foundation Scholarship program continues to grow as college expenses increase and our state's economy struggles," said foundation Board Chair Shirley Bell, who added the scholarships "benefit the economy and help secure a bright educational future for North Carolina's young adults."


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