First New York Federal Credit Union, which has a branch office in Saratoga Springs, will issue three $1,000 college scholarships this spring.
Applications for the scholarship must be submitted by March 7.
Applicants must: be a member in good standing with First New York Federal Credit Union, be a graduating high school senior, plan to attend an accredited two- or four-year college and be active or volunteer within their community.
“We take great pride is helping students reach their educational, career and financial goals. As a teachers’ credit union, we will continue to do all we can to help them now and throughout their lives,” said Lucy Halstead, president/CEO for First New York Federal Credit Union.
The local branch is at 424 Maple Ave., and the credit union also shares an ATM kiosk at Saratoga’s Community Federal Credit union, 23 Division St., Saratoga Springs.
Selected finalists will be interviewed by a scholarship committee to determine the three winners. They will be notified by April 18 and will be invited to an awards ceremony on May 19 when they will be presented with the scholarships.
Interested students can complete the application at www.firstnewyork.org/home/accounts/youth /scholarships. To accompany the application, students will need to submit a 250-word essay describing what motivates them and why, along with a letter of reference commenting on their character and abilities.
A copy of the student's high school transcript and a resume detailing honors, awards received, leadership roles and extra-curricular activities will also need to be included with the application, officials said.
First New York Federal Credit Union was founded in 1937 as Schenectady Teachers Federal Credit Union and operates six full-service branches throughout the greater Capital Region. The credit union offers traditional financial products found at many financial institutions including checking and savings accounts, credit and debit cards, share certificates and money market accounts, auto and personal loans, mortgages and home equity loans and commercial deposit and loan accounts.
First New York Federal Credit Union also operates four in-school branches run by trained student tellers at Mohonasen, Schenectady, Schoharie and Scotia-Glenville High School.