The bursary will be awarded based primarily on two criteria – demonstrated financial need, and community involvement.
When reviewing the application, we also consider:
A) Applicants (or their parent) must belong to a credit union which is a member of Ontario Credit Union Foundation. To receive an award the award recipient must have a credit union account.
B) Youth is defined as age 25 or under by June 30, of the application year. (Prior bursary recipients continuing their studies are eligible beyond age 25.)
C) Programs of study may be academic, vocational, or technical at an accredited post-secondary institution in Ontario.
D) Rather than obtain detailed information to demonstrate financial need, we expect you to have applied to the Ontario Student Assistance Program (OSAP). A copy of your notice of assessment is required. Please note, if OSAP application is not accepted you may still apply.
E) Acceptable grades (65% or higher) are required.
F) Applicants must be Ontario residents and Canadian Citizens or have Landed Immigrant status.
G) Applicants must be a graduating high school student or in attendance at a public post-secondary institution in Ontario.
H) Graduate and post graduate students are not eligible. However, students on designated programs of study required to become a professional such as a lawyer, doctor, teacher, etc. may apply.
Awards range from $1,000 to $3,000. We will award up to $100,000.
Selection and Award Process:
1. The Awards Committee will review all applications and take into consideration the demonstrated financial need, community involvement, personal statement of special circumstances, grades, etc. All decisions are final and will be conveyed in an email.
2. If a Foundation award is approved, it will be disbursed directly to your credit union account.
3. You may be asked to attend your local branch for a photographic presentation which may be used in the Foundation's and/or credit union's newsletter or on the website as this is a means of showing the donors their contributions are at work.