The 78,000-member, $1.5 billion Polish & Slavic Federal Credit Union announced 280 high school, undergraduate and graduate students received the credit union's scholarship assistance this year.
This is the 13th consecutive year that PSFCU has made the awards, that totalled $200,000 the credit union said. PSFCU reported five students received awards of $5,000 each, 11 students received awards of $2,000 and 98 students received awards of $1,000 each.
The awards went to students from the New York City and Chicago areas. The New York-based credit union has branches in both cities.
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"We're proud of each and every one of our winners, and we're excited about success of the program moving forward," said Bogdan Chmielewski, PSFCU's president/CEO. "This is one of the largest such programs conducted by a U.S.-based credit union, and certainly the largest when you take into consideration the amount per member granted. We know it's probably the wisest investment we can make in our communities," Chmielewski said.
"Our roots took hold in 1976 with the pledge to help Polish immigrants find a better future in America. This laudable scholarship program is consistent with our mission to help our members attain a better and more prosperous future," said Krzysztof Matyszczyk, chairman of the PSFCU Board of Directors. "It is such a rewarding feeling to help these young adults realize their dreams."
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