Every year, Compass Federal Credit Union awards seven graduating seniors with college scholarships worth between $500 and $4,000. The credit union also awards two $1,000 Continuing Education scholarships to Compass members who are already pursuing additional education. This is a great opportunity for our younger members to offset the rising costs of higher education. Scholarship applications are posted annually, after January 1, with applications typically due in the middle of April.
Graduating Senior Scholarship
Those applying for this scholarship must be a member of Compass Federal Credit Union, and a graduating high school senior in the current year of application. To be eligible to join the credit union you must live, work, worship, volunteer or go to school in Oswego County. Those who are relatives of a current Compass member, can also join.
Those applying will be required to:
- Request your official transcript in order to meet the application deadline. Compass FCU does not have a GPA requirement.
- Submit official high school transcripts in a sealed envelope.
- Type your response to the required essay question on a separate sheet of paper. Your response should be 300-500 words.
- Include a required teacher/counselor recommendation.
- Make sure you have signed the application.
- Submit all information to Compass FCU so that it is received by the mandated deadline on the application.
The 2025 Compass Federal Credit Union Graduating Senior Scholarship application will be available here on January 2, 2025.
Continuing Education Scholarship
This is a one-time scholarship for a Compass member to continue his or her education. This scholarship may be used for a trade school or to pursue a bachelor’s degree, master’s degree, etc. To qualify for this scholarship, candidates must have been a member of Compass Credit Union for two years.
Those applying will be required to:
- Please respond to each essay question on a separate sheet of paper.
- Include a letter of recommendation from a current teacher, employer, professor or pastor.
- Be sure to sign the application.
- Submit all information to Compass FCU so that it is received by the mandated deadline on the application.
The 2025 Compass Federal Credit Union Continuing Education Scholarship application will be available here on January 2, 2025.
For questions in regards to either scholarship opportunity, contact Compass Federal Credit Union’s main office at (315) 342-5300.
