Now Accepting Scholarship Applications

Olonzo Woonfin III – Cash Scholarship

Congratulations to the graduating class of 2022! We’re filled with excitement to see new leaders who will be molding the future of our community. This class has experienced the most significant shift in how we continue to use remote/online channels (such as Zoom). For the past two years, they’ve met with teachers, counselors, and other administrators, all online. They’ve done an excellent job of adapting to the new ways to communicate! Now, as they prepare to start a new journey in their life (which some refer to adulting), we want to be there for them every step of the way.

Are you a graduating senior? Or do you know someone who will be graduating? Apply for the 2022 Olonzo Woodfin III – Cash Scholarship.

If you’re a graduating senior, or if you have a family member who will be graduating, we are excited to offer four$1,000 Cash Scholarships to those who will begin an exciting journey to pursue higher education. Whether you’re going to a 4-year university, taking classes at a local community college, or even attending a trade school, we encourage you to apply. All applications must be received by Sunday, June 19, 2022 (Juneteenth). The recipients of the scholarship will be notified by June 30, 2022.

To get started, simply complete your application by clicking the Olonzo Woodfin III Scholarship button below. Be ready to upload the following documents:

  • Current high school transcript(s)
  • Admission letter or proof of enrollment for the Fall 2021 semester
  • Two letters of recommendation
  • A 500-word essay on the importance of financial literacy. The recipients of the scholarship will be notified on or before June 30, 2022.

If you are unable to apply online, you may send the requested documents along with a cover letter with your contact information to Schools Federal Credit Union, 2011 Hamilton Ave #101, Torrance, CA 90502. Remember, all submissions must be received by Sunday, June 19, 2022 (Juneteeth).

Terms and Conditions

The recipient of the award must be a member in good standing (must have a Member Share Savings account and not have caused a loss to the Credit Union) before disbursement. Membership and maintenance fees are waived for minor accounts. Account will continue to be fee-free and will be classified as a College Account. Submissions will be reviewed by the Scholarship Application Committee. Scholarship funds will be deposited to a share account (savings or checking) at the credit union. The recipient must have a valid TAX ID number, such as a Social Security Number along with a government-issued Identification Card.

2 thoughts on “Now Accepting Scholarship Applications”

    • Great question! The student does not need to be a member at Schools Federal Credit Union to apply for the scholarship. However, if the student becomes a recipient of the scholarship, they will need to become a member as the funds are deposited to their account. Also, the account for high-school and college students are absolutely free!


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