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Scholarship Requirements

Student Scholarship

These scholarships have been established to further the education and community focus of Great Basin Federal Credit Union and our commitment to building a healthy community. The scholarships provide Great Basin Federal Credit Union with a means to help prepare local citizens to live dynamic and productive lives.

Great Basin has been providing quality financial services to Washoe County since 1951. The credit union has long been an institution dedicated to giving back to the community and responding to those in need. The Great Basin FCU Scholarship has been designed to meet a community need and to provide a benefit to members of the credit union. This scholarship applies only to Great Basin Federal Credit Union members (at least 6 months membership) and is not open to the general public.

 

 

 

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Scholarship Description

Up to $5,000 per year in scholarships will be awarded by Great Basin Federal Credit Union. The number of scholarships and amounts will be determined by committee. The recipients will be selected based on the applicants’ involvement in community service, leadership activities, and academic achievement.

The funds are made payable to an accredited post-secondary institution, skill/training center or trade school. The funds are provided to assist students with tuition, required registration or other fees associated with post-secondary education.

Eligibility

Members of Great Basin Federal Credit Union are eligible to apply for the Great Basin Scholarship (minimum length of Great Basin membership is six months to be eligible). Applicants must enroll full-time at an accredited post-secondary institution or trade school. Current students must have a minimum grade point average of 3.25 on a 4.0 grade scale. If the applicant has not attended school for 5 years or more, but is interested in continuing their education, they must show exemplary performance and involvement in other leadership activities and community/volunteer services; a letter of recommendation from an employer or community member must also be included in lieu of a school transcript in this case.

Current Great Basin Federal Credit Union employees, board members, supervisory committee members, and relatives of employees, board members, and supervisory committee members are not eligible to apply.

Application Process

Eligible applicants must complete the scholarship application and submit a current resume certifying community service, school involvement, and leadership activities. School transcripts, letter(s) of recommendation, and a Value Questionnaire should also be submitted with the application. The Value Questionnaire should highlight one of the most rewarding community service activities in which the applicant has participated, and the impact it has had on him or her as it relates to the credit union’s Core Values. The application and all supporting documentation must be received by Great Basin Federal Credit Union by March 31.

The online application is available here.

Applications are evaluated on the information supplied. Therefore, applications not including all requested information by the due date are ineligible for consideration. All information received is considered confidential.

Selection Process

The Great Basin Scholarship recipient will be selected on the basis of performance in these key areas:

  • Community Involvement/Volunteerism as demonstrated in the applicant’s resume and in their answers to the Value Questionnaire
  • Academic Achievements/Work Performance 

The scholarship committee will base their decision on the applicant’s accomplishments and participation in each area. Academic/work performance is considered an important criterion in the decision process, as it demonstrates a student’s own personal integrity. Equally as important however, is the applicant’s commitment to community and volunteerism as evidenced by extra-curricular activities and volunteer contributions to the community.

Each of the aforementioned performance areas will be reviewed by the committee and chosen applicants will be awarded scholarships. All applicants will be notified of the outcome. Individual feedback about the committee’s evaluation will not be provided. The decision of the Great Basin Scholarship committee is final.

Recipient Notification & Presentation

The Great Basin FCU Scholarship recipient will be announced by mid-May through various means:

  • Great Basin will send a letter of notification to the scholarship recipient(s) (as well as those not selected)
  • Recipient(s) will be publicized at each of Great Basin’s branches
  • Recipient(s) may be acknowledged in various Great Basin membership publications and online channels including, but not limited to our online blog, our website at www.GreatBasin.org, GBFCU’s annual report, collateral and TVs in branch lobbies, social media channels, etc.
  • Time will be allotted at the credit union’s annual meeting in May to acknowledge the recipient(s) to the board and membership
  • Great Basin may inform local media groups of the scholarship recipient(s) via an official press release

 

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