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Velocity Scholarships

We give back by helping tomorrow’s leaders cover today’s education expenses.

Each year, our Board of Directors awards three graduating seniors a $5,000 scholarship to the college or university of their choice. An ongoing scholarship of $3,000 is available to previous years’ awardees. This is the 28th year for our scholarship program, and to date we have awarded over $190,000 in grants.

2020 Scholarships

The Velocity Credit Union Board of Directors will once again offer three $5,000 scholarships to deserving high school seniors in the Austin area.

In order to apply, applicants must:

  • Have been a member in good standing of Velocity Credit Union for a minimum of 6 months
  • Be a graduating senior from an accredited high school located in the Austin metropolitan area during the 2019-2020 academic year
  • Be accepted by April 1, 2020 for admission as a freshman to an accredited college, university or equivalent institution for the fall 2020 semester

Due to the recent COVID-19 outbreak, Velocity is adjusting some of the requirements to the 2020 scholarship application.

Here is a list of the modifications:

  • Recommendation letters: Only 2 letters of recommendation are required instead of 3.
  • Transcripts: Unofficial / online transcripts will be accepted in lieu of the official provided by the school.
  • SAT / ACT Scores: Students can attach the digital copy of their scores that are located through their account.
  • As of right now, the deadline for all applications is still Thursday, April 30, 2020. Should that change we will communicate this mid-month.

The closing date for submission of 2020 scholarship applications has passed. Thank you to those who submitted. Check back in January for the application.