The $1.3 billion Polish and Slavic Federal Credit Union has announced its most recent round of scholarships, saying it distributed $300,000 to 298 students.
"This program has really come a long way since we awarded 13 students a mere $20,000 back in 2001," said Irena Marchaj, treasurer of the PSFCU board of directors, and chairperson of the board's Scholarship Committee. "We started with a simple goal of helping as many members as possible with the dream of gaining a college education. Today, we see how this program has touched the lives of so many young people. And with our successful expansion into Chicago, we've opened up this program to so many new students in that great city. For starters, 10 brilliant young Chicagoans received our aid this year."
Since its inception, the scholarship program has delivered over $2 million to 1,400 students, the CU said.
The credit union also said it has signed up 1,300 new members following its expansion into the Chicago area.