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Christian Community Credit Union



Scholarship FAQs
Thank you for your interest. Program ended 03.31.14.  
SCHOLARSHIP OVERVIEW


How much is the scholarship award?
The Credit Union is awarding a total of $50,000 in 2014 and scholarships are $1,000 each year. Beginning 2014, the "Scholarships for Success” Program will offer multi-year scholarship awards as follows:


I’m currently not a member of Christian Community Credit Union. How can I become a member of Christian Community Credit Union? You can become a member by following one of these easy steps:
• Apply online at myCCCU.com/scholarship.
• If you’re a student age 16-24, take advantage of our Student Advantage Banking Program. Go to myCCCU.com/students.
• Call 800.347.CCCU (2228) to request a membership invitation and open a Checking Account.
• Come to our Covina or San Dimas branches and a Member Services Representative can help you open a Checking Account.

Can I apply for membership along with my scholarship application?
Yes, you may open an account at the same time you apply for the scholarship. However, you need to have a Checking Account to be considered for a scholarship.

My parents have an account with Christian Community Credit Union, but I don’t. Can I apply for a scholarship?
You need to have your own Checking Account with the Credit Union in order to be considered for the scholarship.
 

I only have a Savings Account with Christian Community Credit Union. Can I apply for a scholarship?
You need to have a Checking Account with the Credit Union in order to be considered for the scholarship.
 

If I’m already a member without a Checking Account, how can I open a Checking Account with Christian Community Credit Union?
You can open a Checking Account by following one of these easy steps:
• Go to myCCCU.com/scholarship and download the application for existing members.
• Call 800.347.CCCU (2228) to request an Additional Services form and mail it back.
• Come to our Covina or San Dimas branches and a Member Services Representative can help you open a Checking Account.
 

 
Can I apply for a scholarship if I have already graduated from high school or am already in college?
Yes, you may apply for the scholarship after you graduate from high school and are already in college. Incoming freshmen
need to submit a letter of acceptance from the school.
 

Can I apply if I have already completed my Undergraduate degree and am attending Graduate school?
Yes, the scholarship program is open to Undergraduate students and Graduate students.

I applied for the scholarship last year and did not get selected as a scholarship recipient. Can I apply again
this year?

Yes, you may apply again if you were not selected last year. You will need to submit a new application along with all the information required.
 

I was selected for a scholarship last year. Can I apply again this year?
Yes, you may apply for the multi-year scholarship until you have received the maximum scholarship of $4,000 for Undergraduate students; $2,000 for Graduate students.
 

 
Are employees and their family members eligible?
Employees of Christian Community Credit Union are not eligible, but their family members are.

Do you need to be a citizen or legal permanent resident of the United States to apply?
Yes, the Scholarship Program is limited to members of the Credit Union who are citizens or legal permanent residents of
the United States and its current and former territories.

Are scholarships taxable?
Scholarship funds that are exclusively for the payment of tuition, textbooks, fees, supplies, and equipment are normally not taxable. Recipients are responsible for taxes, if any, that may be assessed against their scholarship award. We recommend consulting your tax advisor or visiting the IRS website at irs.gov for more information.
SCHOLARSHIP PROCESS

Where can I get a scholarship application?
Go to myCCCU.com/scholarship.

Do I have to open an account with Christian Community Credit Union before I apply for the scholarship?
You do not need to open the account before you apply. You may open an account at the same time you apply for
the scholarship. However, you need to have a Checking Account to be considered for a scholarship.

What are the requirements to be eligible to apply for the scholarship?
• All applicants need to be members of Christian Community Credit Union with a Checking Account (newly-opened or existing).
• If the applicant is not a member of the Credit Union at the time he or she sends a scholarship application, a completed
membership application needs to also be included.
• If the applicant is an existing member who does not have a Checking Account with the Credit Union, a completed Additional
Services form needs to be included.
• They need to be attending a college, university, or seminary for the 2014-2015 academic year.
• They need to be enrolled (per semester/quarter) with 12 units or more for Undergraduate students; six units or more for
Graduate students.
• Students need to provide a current Grade Point Average (GPA) score along with grade transcript (need not be official).
• They need to complete an essay on a given topic.
• Applicants need to list activities and involvement in school, church, and the community.
• Two signed letters of reference need to be provided. Letters cannot be from family members.
• All applications need to be postmarked no later than March 31, 2014.
• Scholarship applications lacking any of the requirements will not be considered.

 
What is the scoring criteria?
Grade Point Average (GPA), Areas of involvement, Essay, and References.

Can I bring my application directly to the branch?
Yes, you are welcome to bring the application to one of our branches as long as you bring it in on or before March 31, 2014.

When will I find out if I have been awarded a scholarship?
Scholarships will be awarded the third week of May. All applicants will receive an email from the Credit Union regarding the
outcome of their application. Be sure to include your email in your application. To ensure email delivery, be sure to add mktg@myCCCU.com to your email address book or "safe senders list” so these important emails are not sent to your junk mail folder. Also, do not opt-out of any emails sent from mktg@myCCCU.com. You may not receive vital information regarding your scholarship application.

MAINTAINING A MULTI-YEAR SCHOLARSHIP

What are the requirements to maintain my multi-year scholarship?
Recipients of a multi-year scholarship need to be:
1. Members of Christian Community Credit Union with an active Checking Account of at least 10 transactions per month for
the duration of the scholarship.
2. Attending a college, university, or seminary for the incoming academic year.
3. Enrolled (per semester/quarter) with 12 units or more for Undergraduate students; six units or more for
Graduate students.
4. Maintaining a minimum 3.0 cumulative Grade Point Average (GPA).

Will I need to submit additional information to continue receiving my multi-year scholarship?
Yes, recipient of a multi-year scholarship will receive an annual notification via email and mail requesting transcripts to be submitted to the Credit Union annually.

If I receive a multi-year scholarship as an Undergraduate student, will I continue to receive my award if I pursue my Graduate studies?
Undergraduate students who receive a multi-year scholarship will need to re-apply for scholarship as a Graduate student when they pursue their Graduate studies.

How many Checking Account transactions do I need to have per month to be considered active?
At least 10 transactions per month for the duration of the scholarship.

Can I enroll per semester/quarter with less than 12 units as an Undergraduate student; six units or less as a Graduate student?
You must enroll with 12 units or more as an Undergraduate; six units or more as a Graduate student. Otherwise, your scholarship disbursement will be denied for the incoming academic year.

When will I need to submit my annual transcripts?
Transcripts are due June of each year to reflect the completed academic year.

When do I receive my yearly disbursement?
Annual awards will be disbursed in July of each year.

What will my yearly award amount be?
$1,000 per year up to $4,000 for Undergraduate students; $1,000 per year up to $2,000 for Graduate students.

How and when will I receive notification that my annual transcripts are due?
Recipients will receive a notification by mail and email by May of each year. To ensure email delivery, be sure to add mktg@myCCCU.com to your email address book or "safe senders list” so these important emails are not sent to your junk mail folder. Also, do not opt-out of any emails sent from mktg@myCCCU.com in order for you to receive vital information regarding your scholarship award.