The once small, humble credit union is now recognized as Florida’s largest credit union and the seventh largest in the nation.
By Sharon Sweda
Following in the steps of a 19-year tradition, Suncoast Schools Federal Credit Union has awarded $66,000 in scholarships to five students from the 435 applicants who reside within the 15 counties served by Suncoast. Since the first scholarship allocation in 1992, Suncoast has awarded more than $750,000 in assistance to need- and merit-based applicants through the Suncoast for Kids Foundation initiative. The Suncoast for Kid’s Foundation has donated another $6 million to various other children’s charities. The foundation is permitted to allocate 100 percent of its funds to projects due to their self-sponsorship status.
The annual scholarships provide much-needed funding for students who are evaluated by their ability to overcome obstacles and ability to succeed. The fund provides a four-year, $10,000-scholarship to a high school senior, who is attending a four-year university and a single $10,000-scholarship to another. A two-year $6,000-award was issued to a student entering a two-year university, and the fifth award is $4,000-assistance to a trade or vocational student. Selection is based upon financial need, scholastic achievement and extra-curricular activities. Judging is conducted by members of the Suncoast for Kids Foundation advisory board.