Credit Union Offering $50,000 in Scholarships

HAUPPAUGE, NY Island Federal Credit Union will award college scholarships totaling �$50,000 to 11 Class of 2014 high school graduates and will be accepting entries through April 25, 2014. The Island Federal Credit Union Scholarship Program aims to help meet rising college costs and ease the burden on Long Island families. Island Federal President/CEO Bret W. Sears said the scholarships serve a vital role, and reflect the credit unions commitment to Long Island families who aspire to everything from homeownership to getting a solid college education. "We are proud to announce that once again Island will be awarding $50,000 in scholarships to local high school seniors. We are hoping the scholarships will help make the transition to college easier and help students achieve their educational and personal goals," Sears said. Since 1992, Island Federal Credit Union has given away more than 250 scholarships totaling $340,000 to help fill the gap between college costs and what families can afford. The winners of the Island FCU Scholarships are chosen through a random drawing.� This year, 11 winners will be randomly selected.� Three (3) of the winners will receive $10,000 ($2,500 per year for their four years of college), while the other eight (8) winners will receive a one-time payment of $2,500. To be eligible, the student must be a high school senior accepted into a full-time undergraduate program at the time the entry is submitted and open an Island account that has the added benefit of one of the largest free ATM networks in the country and full array of electronic banking options.� There is absolutely no cost or obligation on the students part.� If selected, the student is required to provide proof of acceptance into the school they will be attending. Scholarship applications are available online at islandfcu.com or at Islands branch locations: �Bellmore, Hauppauge (headquarters), Hicksville, Massapequa, Riverhead, Sayville, and Selden. About Island Federal Credit Union Island Federal Credit Union, headquartered in Hauppauge, N.Y., is a not-for-profit, full -service financial institution, providing affordable banking products and services to Long Islanders.� Founded in 1955, Island has grown to be among the top performing credit unions in New York State with over $900 million in assets, and serving more than 31,000 members.� Islands successful track record can be attributed to consistently delivering the best rates, no hidden fees, and exceptional service to its members. When banking at Island, members have access to a complete menu of loan and deposit products, including Simply Free Checking accounts, Certificate accounts, IRAs, Auto, Mortgage, Home Equity loans and lines, Island recently added a Best Rate and Best Rewards MasterCard� and the Student Choice College loan to its menu of products.� For anytime access, Island offers free 24/7/365 customer service, online banking, bill payer, and mobile banking services.�� Island has seven full service locations throughout Nassau and Suffolk Counties, conveniently located in Bellmore, Hauppauge, Hicksville, Massapequa, Riverhead, Sayville, and Selden.� Island members can also access their Island accounts at more than 5,000 shared credit union branches throughout the country, and one of the largest surcharge-free ATM networks nationwide. For more information about Island, stop by any branch, visit their website, islandfcu.com, or call (631) 851-1100. - See more at: http://www.cuinsight.com/press-release/island-federal-credit-union-to-award-50000-in-scholarships#sthash.e2TFrT6Y.dpuf