DFCU Scholarship Application


DFCU Financial will award four scholarships (one in metro Detroit, Ann Arbor, Lansing and Grand Rapids) to high school seniors who demonstrate community service and academic achievement. Each award will total $2,000.

The following conditions apply for the scholarship consideration:
The recipient must maintain a 3.0 GPA or higher, remain a full time student and continue to be a member in good standing of DFCU Financial.

Eligible applicants must:
(1) be a member of DFCU Financial,
(2) be a graduating high school senior,
(3) demonstrate a commitment to community service,
(4) be preparing to attend an accredited college, trade school or university.

All applicants must FIRST:
Send an email to request an application to peggy.richard@dfcufinancial.com.

An application will THEN be sent via SECURE mail and applicants should opt in by following the instructions. The applicant must then submit:
(1) a completed application (which will be included in the SECURE email) with supporting documentation,
(2) an official (raised seal or signature) high school transcript with a minimum 3.0 GPA (due by May 31, 2018)
(3) a 300-500 word original typewritten essay on the following topic:

"How has your current volunteer involvement impacted you and the local communities you serve?"

All applications must be EITHER emailed to peggy.richard@dfcufinancial.com OR postmarked no later than May 4, 2018. Transcripts must be received by May 31, 2018. Mailed entries can be sent to:

DFCU Scholarship Committee
c/o Marketing
DFCU Financial
400 Town Center Drive
Dearborn, MI 48126

The focus of these scholarship awards is on service to community. Each applicant will be scored in two areas of concentration.

(1) Essay (40 points)
(2) Community Involvement (20 points)

Essays must be between 300-500 words and will be scored on the following: meaningfulness/impact on applicant’s life, originality/creativity, grammar, and clarity of expression and composition (structure and the flow of the essay). All essays must be typed, not handwritten. Applicants are asked to avoid identifying themselves, using proper names or specifically identifying names (including school and church names) in their essays.

Each winner must begin studies within one year of this notification and agree to allow DFCU Financial to use his/her name and photograph in our promotional materials. All decisions of the judging panel are final. Relatives of DFCU Financial employees and board members are not eligible to participate. DFCU Financial is not responsible for lost or misdirected mail. In order to be considered for these awards, all documentation must be received by the due date. All submitted materials become the property of DFCU Financial.


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While the DFCU Financial Board of Directors intends to pay Cash Back every year, and has done so since 2006, Cash Back is not guaranteed and will depend on our financial performance and other factors. Annual Cash Back payments are limited to an aggregate of $25,000 for each tax-reported owner. The IRS requires that Cash Back for an IRA be paid to the same IRA account, and that it be open when Cash Back is deposited. Cash Back to Business Banking members is subject to additional terms. Anyone who causes DFCU Financial a loss for any reason is not eligible for Cash Back.