By Sharon Aron Baron
Tropical Financial Credit Union, a not-for-profit financial institution with a location in Coral Springs, is now accepting applications for its annual scholarship program.
The credit union will be giving away three scholarships totaling $10,000. One grand prize of $5,000 and two $2,500 scholarships will be awarded to high school seniors preparing for college, adult students who are already in or planning to attend college, or seeking a master’s degree.
The scholarship program is available to credit union members or those who apply for membership before the application period ends on March 31, 2023. Applicants must have a minimum cumulative GPA of 2.5 or higher and write an essay summarizing their educational goals and how they have been helped financially by Tropical Financial. Other factors will be considered, such as community involvement, charity work, and extracurricular activities.
“This scholarship program has been a Tropical Financial tradition for over a decade,” said Rick Shaw, president/CEO of Tropical Financial Credit Union. “It brings us joy knowing we can help make a difference in the lives of local students who are working towards a brighter future.”
The program is a great opportunity for students who live or work in Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, Lee, Collier, Hendry, and Sarasota Counties.
Tropical Financial Credit Union was formed in 1935 by employees of the former Southern Bell with just a few hundred dollars and has grown to $1.0 billion in assets as of June 30, 2022.
Applications will only be accepted digitally this year. Those interested in applying for the scholarship or for information about how to join Tropical Financial, please visit Tropical Financial Scholarships.
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