Four years ago, Interior Savings Credit Union announced plans to award $1 million every year for four years to help young students further their education. Yet, every year, money has been left on the table. The credit union sees that changing this year.
According to Kathy Conway, CEO of Interior Savings, it took a couple of years to get the word out to young students and families but they’re now seeing the program pick up steam, and quickly.
Last year, the credit union received 1,000 applications from local students, 857 of which were approved to receive a $1000 bursary.
In fact, just last month, Interior Savings surpassed $1 million in awards since launching the program.
“As a locally-based co-operative, we measure our success by the success of our members and our communities,” said Conway.
“This program, while representing a very large financial commitment, has the potential to make a real difference in educating and empowering our next generation of leaders and community builders.”
Students can apply for this bursary until May 1 but the credit union is suggesting they don’t wait. It’s only December and Interior Savings has already received more than 400 applications.
To qualify for the bursary, you need to be between the ages of 17 and 24 and an active member of Interior Savings. Students have until Feb. 1 to open up a no-fee chequing account at the credit union to be eligible. To learn more or apply, go to milliondollarbursary.com.