The amount marks its largest annual scholarship disbursement to date
Baltimore, Maryland (Feb. 1, 2021) — SECU , Maryland’s largest state chartered credit union, announced it will award $115,000 in scholarships through the SECU MD Foundation in 2021. This year’s scholarship fund, the Foundation’s largest disbursement to date, will mark the 15th anniversary of the SECU scholarship program.
Applications for the 2021 SECU MD Foundation Scholarship Program will be accepted from Feb. 1 through April 30. The Scholarship Program is open to all SECU members who will be attending a two or four year college, university, trade or technical school for the Fall 2021 semester for either undergraduate or post-graduate work regardless of whether classes are virtual or in-person.
“The cost of higher education has increased exponentially,” said Becky Smith, EVP, Chief Strategy and Marketing Officer at SECU and President of the SECU MD Foundation. “Student debt can cripple a graduate’s financial wellbeing when they enter the workforce and young adulthood — a time when they’re especially vulnerable. It is our privilege and responsibility to help offset those costs and set them up for success. We look forward to supporting the next generation on their educational journey.”
Since the program’s inception in 2007, SECU and the SECU MD Foundation have awarded more than $700,000 in scholarships to over 250 SECU members and their families pursuing higher education. It is part of SECU’s ongoing commitment to support the continuous learning and educational needs of those they serve.
“Through community support of the Scholarship Program we are humbled to watch it grow and more so, to be able to positively impact hundreds of student recipients,” said Sarah Ryan, Assistant Vice President of Community Outreach for SECU and Director of the SECU MD Foundation. “Now in its 15th year, we look forward to celebrating that milestone by increasing the award designation to $115,000 in order to deepen and expand that impact.” This year’s recipients will be announced in June. To apply and learn more about the SECU MD Foundation’s Scholarship program visit: www.secumdfoundation.org/scholarship-program.
About SECU (State Employees’ Credit Union of Maryland)
SECU (” see-Q”), Maryland’s largest state chartered credit union, serves 260,000 members across the state. As a member-owned, not-for-profit, SECU puts its members first. Membership is open to all Maryland state employees and their families, University System of Maryland students, graduates, staff and their families, Bank At Work partners and many others. Headquartered in Linthicum, Md., SECU has 22 financial centers and provides access to 30,000 free ATMs through the CO-OP network. With more than $4 billion in assets, SECU ranks among the top 60 credit unions nationwide based on total assets in the U.S. Insured by NCUA. For more information, visit www.secumd.org or follow SECU on Twitter, Facebook and Instagram.
About the SECU MD Foundation
The SECU MD Foundation, a 501(c)(3) charitable organization funded by the contributions of SECU members, promotes a stronger Maryland by empowering access to education, supporting health and wellness, and serving as a catalyst for community development.