Eligibility criteria

• All applicants must be primary PSFCU members who opened their accounts prior to 01.01.2024.
• Freshmen students (undergraduate) are not eligible.
• Minimum overall GPA is 3.4
• PSFCU Scholarship may be obtained once at each stage of studies, e.g. one as an undergraduate and one as a graduate. Graduate students must complete at least one semester at the graduate level to be eligible.
• You are eligible to receive the scholarship only if you plan to attend an accredited educational institution in the Fall semester of 2025. All scholarship winners will be required to present a proof of enrollment for that semester. Undergraduate seniors may apply only if they plan to attend a grad school in the Fall semester of 2025. The scholarship funds can be used to pay for tuition, fees, books, supplies or equipment required for courses at the educational institution.
• Scholarship winners will be required to present proof of enrollment for the fall term before receiving their scholarship.
• PSFCU employees are not eligible for the PSFCU Scholarship Program.

Scholarship application and submission

Submission process is now closed. It ran from January 10th until February 21st 2025.

Letters of reference

• Two letters of reference: one academic recommendation from a faculty member or instructor that has taught you in college/graduate school and can evaluate your academic performance at college/graduate school level. The second recommendation can be from a professor/ academic instructor, coach, work supervisor, extracurricular activity, or community leader - anyone (other than a family member) whose opinion you feel will be relevant.
• All reference letters must be submitted through the link provided in the request email by the referring person. Applicant should follow up with his/her recommender to obtain the reference letter.

Scoring criteria

• Applicants are encouraged to demonstrate their academic and extracurricular achievements.
• The Scholarship Application asks for supporting proofs of academic achievement such as the current GPA and the transcript. These are not the only qualifying criteria for the Scholarship Committee. Sustainable commitment to the communities that the PSFCU represents and serves and promising perspectives for the future play integral roles in this application.
• Candidates are encouraged to adhere to the standards of the application submission.

Program results

Winners will be notified via email. Rewards will be distributed during the award ceremony as a monetary certificate, which must be deposited into an account at PSFCU. 

2025 winners:

Additional information

PSFCU Scholarship may be obtained once at each stage of studies, e.g. one as an undergraduate and one as a graduate. For more information, please send an e-mail to scholarships@psfcu.net or call PSFCU Marketing Department at 973-808-3240, ex. 7807.