SCHOLARSHIPS

The Credit Union Foundation of New Mexico is committed to supporting credit union professionals in developing their credit union careers and strengthening the expertise and leadership within New Mexico credit unions. To that end, the Foundation’s Professional Development Scholarship is designed to assist credit union employees and volunteers in obtaining training and education that builds a stronger credit union movement and allows credit unions to effectively serve their members and communities. 

Credit Union Professional Development Scholarships will be implemented by Foundation staff according to the following requirements: 

• Applicants must be employed by or volunteer of a New Mexico-based credit union.
• Applications must be received 30 days prior to the training/event date. Foundation staff shall make scholarship award determinations within 10 business days of receipt of a completed application. A scholarship decision letter shall be provided via email to the applicant’s credit union CEO and the applicant.
• Scholarship awards may be used to reimburse for training/event registration, travel and/or accommodation costs.
• Scholarship award funds will only be disbursed to the award recipient’s credit union.

                          o If a scholarship is awarded and the applicant does not attend the    

                             training/event for which funds were disbursed, all scholarship funds must 

                             be returned to the Foundation. (This provision will be included on 

                             the application.)

• Total scholarship awards per calendar year are based on Foundation funds available for Professional Development Scholarships and credit union asset size. All scholarship awards are subject to the following:

                          o No individual may receive more than two scholarships per calendar year

                          o Maximum scholarship award per individual, per request

                                   - $4,000 for credit unions under $100 million in total assets

                                   - $2,000 for credit unions over $100 million in total assets

                          o Maximum scholarship award per credit union per calendar year

                                   - $5,000 for credit unions under $100 million in total assets

                                   - $3,000 for credit unions over $100 million in total assets

For more information, please contact Rebecca Isaacs