Does CU1 offer scholarships?

Yes! Each year, Credit Union 1 is proud to offer the Bill Countryman Scholarship program to Alaskans of all ages who are pursuing higher education goals.

In the words of our honored past board member Bill Countryman, "education and adventure are what keep you young!"

Credit Union 1 accepts scholarship applications from January 1 to April 15. The selection process takes place in May, and winners are announced by June 1. Eligible scholarship applicants must meet one of these three categories:

  • Individuals of any age who are continuing their education at an accredited college or vocational school.
  • Senior high students applying for admission to an accredited college or vocational school.
  • Junior high or high school students through 11th grade applying for the Johns Hopkins CTY Program.

The following criteria will be used to grant scholarships:

  • The applicant (or their parent) must be a member of Credit Union 1 for at least one year as of April 15 of the application year.
  • The applicant must show financial need.
  • The applicant must have a good academic record (3.5 GPA and above).
  • The applicant must provide documentation of community involvement and/or extra-curricular activities (however, there is no minimum requirement of involvement).
  • The applicant must share details of how higher education will shape their future plans/goals.

Additional details:

  • There are no class restrictions for scholarship funds; selected applicants will receive funds toward overall tuition. The maximum amount awarded varies.
  • Credit Union 1 employees are not eligible for this scholarship; however, our employees can apply for tuition assistance as a benefit of employment.
  • There is no limit to the number of years that an applicant may apply. If you applied last year, you're welcome to apply again this year.
  • There is no paper scholarship application; please complete the electronic application by visiting our Scholarship page.

Not a member yet?

We'd love to have you! Credit Union 1 is proud to help foster thriving, happy communities by always putting people first. Anyone who lives or works in our state is eligible to join us today.

Become a CU1 member