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FARMINGTON HILLS, Mich. — As part of a new initiative to encourage Michigan high school students to pursue a higher education within the state, Community Choice Credit Union announced that it will be awarding $1 million in scholarships to students attending a college or university in Michigan.

The $1 million will distributed over a four-year period, and Community Choice has pledged that it will provide at least $100,000 per year to the scholarship fund. The credit union developed the Community Choice Foundation to support the scholarship initiative and is seeking 501(c)(3) tax status, which will allow members to support the fund with individual donations. To reach the goal of $1 million, the fundraising objective is to collect an average of $5 from each of the credit unions’ 50,000 members from 2010 to 2012.

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