Scholarships

2024 Educational Scholarship

Investing in Your Future.

We, at Monterra Credit Union, believe that access to higher education is a catalyst for long-term success. That's why — since 2008 — the goal of Monterra Credit Union's Educational Scholarship has been to help our local students with the growing expenses that come along with pursuing a college education.

This year, Monterra Credit Union will offer four (4) $5,000 Educational Scholarships. Awards will assist in paying for tuition, housing, books, or meal costs. The maximum award is $5,000 per scholarship recipient†. The awarding of the scholarships is based on high school Academic Standing (25%), Extra-Curricular Activities (25%), and Essay Prompt (50%); and any additional unmet financial need may also be considered based on information provided in the essay submission (optional).

Eligibility Requirements

Applicant† Must: 

  1. Be a class of 2024 graduating high school senior or a 2023 high school graduate who took a gap year and is enrolling in a college or technical school for the first time. 
  2. Have a GPA of 3.0 or greater and submit an official or unofficial transcript. 
  3. Be a member of Monterra Credit Union and/or live, work, worship, or attend school in San Mateo County, the City of Palo Alto, or select San Francisco zip codes: 94110, 94112, 94116, 94122, 94124, 94132, or 94134. 
  4. Provide a minimum 500-word essay in APA or MLA style with the following prompt: We love our community. We believe in the bond of community — and here, those bonds run deep. That's why we're invested in making it stronger. Explain how you have helped enrich your community, and how these experiences have shaped your values and aspirations. 
  5. Submit a resume highlighting work experience or extra-curricular activities and two (2) letters of recommendation.

Deadline for Submission

Friday, March 29, 2024, by 5pm. Applications must be received on or before the deadline by electronically submitting all materials through the form below. 

If you have any questions about scholarship eligibility, please contact us at (650) 562-1282 or via email at communityrelations@monterra.org. 

*Indicates a required field

  • First Name is a required field
  • Last Name is a required field
  • Email Address is a required field
  • Please enter a valid email address
  • Phone Number is a required field
  • Address is a required field
  • City is a required field
  • State is a required field
  • Zip Code is a required field
  • Parent/Guardian Name and Occupation is a required field
    • Name of High School is a required field
    • Address of High School is a required field
    • City, State, Zip code of High School is a required field
    • College/technical school you are planning to attend is a required field
    • Field of Interest is a required field
    • Expected Date of Graduation is a required field
    • Are your parents members of Monterra Credit Union? is a required field
    • Are you a member of Monterra Credit Union? is a required field
      • Scanned copy of your high school transcript - unofficial is acceptable.
      • Application essay on the following prompt:
        • We believe in the bond of community – and here, those bonds run deep. That’s why we’re invested in making it stronger. Share your personal commitment to our communities and tell us how receiving this scholarship will empower you to make a positive impact towards your community.
      • A resume highlighting work experience or extra-curricular activities and two (2) letters of recommendation.
      • reCAPTCHA is a required field
      • Transcript is a required field
      • Essay Prompt is a required field
      • Resume is a required field
      • Letter of Recommendation #1 is a required field
      • Letter of Recommendation #2 is a required field
      † All applicants who have a Monterra Credit Union membership are eligible to apply. Immediate family members of Monterra Credit Union employees or board members are not eligible to apply. Recipient will: 1. Be asked to provide Monterra Credit Union with a verification of acceptance into an accredited college or technical school to receive the scholarship award. 2. Be contacted in May 2024 and will be invited to Monterra Credit Union Headquarters where the scholarship award will be presented. We strongly recommend that someone represent you on your behalf if you are unavailable. 3. Agree to have their names/photos published in press releases and in Monterra Credit Union publications, where appropriate. A signed release waiver is required.
      Online Banking

      Online Banking is the branch that's always open.

      Enroll NowEnroll now in online banking
      Every member and every moment.
      Schedule an Appointment
      Chat with Us
      Text Us
      Call Us