2024 Simply Better Scholarship
West Michigan Credit Union invests in the younger generation and the positive impact they will have on our communities. We recognize the value of furthering your education, as well as the high tuition cost and other expenses that come along with that. This scholarship is meant to help the next generation ensure they have a financial future that is simply better.
This scholarship has been established for an applicant who has completed their high school level education, or equivalent, that plans to attend or is currently attending a college, university, or trade/technical/vocational school in the next academic year.
Applicants for the Simply Better Scholarship are required to submit an essay discussing how continuing their education will help them impact others’ lives to be simply better. The total award of $2,000.00 will be awarded to two (2) recipients. Recipients will be selected and notified by Monday, July 1, 2024.
All entries must be finalized and submitted by Saturday, June 15, 2024.
Disclosures:
The amount of the award will be directly deposited into the recipient's West Michigan Credit Union account. The award is intended to provide financial assistance to the recipient in their pursuit of an education at a college, university, or trade/technical/vocational school. The money is to be used for the student’s tuition, fees, books, supplies, and equipment. The award is intended to constitute a qualified scholarship, exempt from federal income tax under Section 117 of the Internal Revenue Code of 1986, as amended. Use of the amount for purposes other than those previously noted may jeopardize exempt status. If a tax liability arises, it will be the sole responsibility of the recipient.
Recipient’s name may be used in marketing materials such as posts on Facebook, Instagram, and included in our quarterly newsletter at the discretion of West Michigan Credit Union. Recipient will be asked to be in photographs for the purpose of usage in social media and other marketing materials. Recipient will also be required to sign a media release, if over the age of 18, or have a parent or guardian sign for them if they are a minor.
West Michigan Credit Union shall maintain records, administer, and provide all necessary staffing for the Simply Better Scholarship Program. West Michigan Credit Union will provide the Board of Directors with a written report, detailing the final award.
Modification or elimination of program
West Michigan Credit Union reserves the right to modify or eliminate the Simply Better Scholarship Program at any time without notice. Notwithstanding the foregoing, any award due and payable under the program prior to such modification or elimination shall continue to be payable according to the program’s terms in effect at the time West Michigan Credit Union made the grant. All entries shall become the property of West Michigan Credit Union.
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