College Bound Scholarship

Could You Use $2,000 to help pay for tuition, books, or anything else you may need for school?

College Bound Scholarship

Foothill Credit Union is dedicated towards helping our members with all their financial needs and continues to seek opportunities to give back to the community. One of the ways we do this is through our scholarships.

Award.pngThe Award

This year we will be awarding $2,000 scholarships to select Money$mart and MoneyBound members who are pursuing a college education.

Applicants must be entering either their freshman or sophomore year of college. If chosen, the award will be paid directly to the recipients by April 21, 2022.


Submission Deadline: March 25, 2022

Any Foothill Credit Union Money$mart or MoneyBound member who is either entering their freshman or sophomore year of college may apply for this scholarship. Applicants for the scholarship must have a minimum overall G.P.A. of 3.25 with their last or current educational institution attended. Each applicant must have a Foothill Credit Union Money$mart or MoneyBound account in his/her name.


Not a Foothill Member?

If you are not a member, you may open an account and become eligible to apply. If selected as a winner, you must be a member for at least three months before receiving the award. Applicants who are not members for at least three months must wait until this period has ended to be awarded.

Applicants who have a full scholarship are not eligible for this award. Foothill Credit Union employees, Board and Committee members and their families are also not eligible to receive this award.

The College Bound Scholarship application consists of:

  • An essay from the student
  • Letters of recommendation from a teacher and a sponsor
    • A current or past teacher of the applicant
    • A sponsor, employer, or coach (A sponsor is an individual who has directly and actively led an extra-curricular activity or organization in which the applicant has participated)
  • Letters of recommendation can be emailed to or mailed to Foothill Credit Union at P.O. Box 660130, Arcadia CA91066-0130, attention Marketing.
  • Student activity sheets
  • Copy of transcript (current school attending) unofficial transcripts will be accepted
  • College acceptance letter or email (money will not be awarded until proof of college acceptance is shown)

All parts of the application may be typed on a separate sheet of paper, if desired. All required information must be included (see forms for details). PLEASE DO NOT STAPLE.

NOTE: Please mail or email your application and all of your forms at one time. Foothill will add your letters of recommendation from your teachers and sponsors to your scholarship packet once they are received.

Financial need is not a criterion for this award, nor is class rank, or SAT/ACT score.

Applications are judged on:

  • Student Essay: Write a short essay (250 words or less) stating what career you want to pursue and why. What have you done to contribute to your future success in meeting this goal?
    • Ideas/Content: Essay is clear, focused and addresses the assigned topic. It holds the reader’s attention.
    • Organization of Essay: The organization enhances and showcases the central idea.
    • Sentence Fluency: The essay has an easy flow and rhythm.
    • Conventions: The writer demonstrates a good grasp of standard writing conventions (e.g. grammar, usage, capitalization, punctuation, spelling, paragraphing) and uses conventions effectively to enhance readability.
    • Word Choice: Words convey the intended message in a precise, interesting and natural way.
  • Student Activity Sheets (to be filled out by the student): Outline any awards received, participation in extra-curricular school activities, community activities/volunteer programs, and any employment information.
  • Recommendation Letters: Address the applicant’s character; what the teacher/sponsor believes are his/her greatest attributes; specific accomplishments; examples of educational, employment and/or community leadership; his/her potential for future personal achievement; and why the teacher/sponsor feels the applicant deserves a College Bound Scholarship.
  • Foothill Credit Union Money$mart or MoneyBound Membership

Applications are judged by a group comprised of Foothill Credit Union employees. All decisions are final. The College Bound Scholarship Committee cannot provide any information on the status of the applications. Please do not call.

Completed scholarship applications must be received no later than March 25, 2022. Only chosen scholarship recipients will be notified by April 7, 2022.

Winner(s) will be presented at our annual meeting (virtually or in-person) on Thursday April 21, 2022.

Become a Member

Want to become a member? Foothill Credit Union serves employees of schools, hospitals and over 260 businesses in the San Gabriel Valley that belong to one of our Select Employer Groups.

Learn More

Foothill Credit Union is a full-service credit union with California branches in Arcadia, Covina and Glendora.