College Bound Scholarship

• Any Foothill Credit Union Money$mart or MoneyBound member who is either entering their freshman or sophomore year of college may apply for this scholarship.
• Applicants for the scholarship must have a minimum overall G.PA of 3.25 with their last or current educational institution attended.
• Each applicant must have a Foothill Credit Union Money$mart or MoneyBound account in his/her name. If you are not a member, you may open an account and become eligible to apply. If selected as a winner, you must be a member for at least three months before receiving the award. Applicants who are not members for at least three months must wait until this period has ended to be awarded.
• Applicants who have a full scholarship are not eligible for this award.
• Foothill Credit Union employees, Board and Committee members, and their families are also not eligible to receive this award.

The College Bound Scholarship application consists of:

• An essay from the student
• Letters of recommendation from a teacher and a sponsor.
  • A current or past teacher of the applicant
  • A sponsor, employer, or coach (A sponsor is an individual who has directly and actively led an  extra-curricular activity or organization in which the applicant has participated)
• Letters of recommendation can be emailed to Foothill Credit Union at [email protected] or mailed to Foothill Credit Union at P.O. Box 660130, Arcadia CA 91066-0130, attention Business Development Department.
• Student activity sheets
• Copy of transcript (current school attending) unofficial transcripts will be accepted.
• College acceptance letter or email (money will not be awarded until proof of college acceptance is shown)

Financial need is not a criterion for this award, nor is class rank, or SAT/ACT score.

Applications are evaluated on:

• Student Essay: Write a short essay (250 words or less) stating what career you want to pursue and why. What have you done to contribute to your future success in meeting this goal?
  • Ideas/Content: Essay is clear, focused and addresses the assigned topic. It holds the reader’s attention.
  • Organization of Essay: The organization enhances and showcases the central idea.
  • Sentence Fluency: The essay has an easy flow and rhythm.
  • Conventions: The writer demonstrates a good grasp of standard writing conventions (e.g. grammar, usage, capitalization, punctuation, spelling, paragraphing) and uses conventions effectively to enhance readability.
  • Word Choice: Words convey the intended message in a precise, interesting and natural way.
• Student Activity Sheets (to be filled out by the student): Outline any awards received, participation in extra-curricular school activities, community activities/volunteer programs, and any employment information.
• Recommendation Letters: Address the applicant’s character; what the teacher/sponsor believes are his/her greatest attributes; specific accomplishments; examples of educational, employment and/or community leadership; his/her potential for future personal achievement; and why the teacher/sponsor feels the applicant deserves a College Bound Scholarship.
• Foothill Credit Union Money$mart or MoneyBound Membership.

Applications are judged by a group comprised of Foothill Credit Union employees. All decisions are final. The College Bound Scholarship Committee cannot provide any information on the status of the applications. Please do not call.