How OUR Credit Union Is Helping Detroit Students Achieve Their Dreams With Scholarships For College

At OUR Credit Union, we are deeply committed to empowering the future leaders of our community. One of the ways we do this is by offering scholarships for college that help Detroit students overcome financial barriers and achieve their dreams of higher education. We understand that pursuing a college education can be financially daunting, but with the right support, every student can thrive.

In 2025, we are excited to open up new scholarship opportunities for Detroit residents who are working hard to take the next step in their educational journeys. Below, you'll find everything you need to know about our available scholarships, eligibility requirements, and how to apply.

Supporting Students With OUR Credit Union Membership

To qualify for our scholarships, applicants must be a member of OUR Credit Union. Not a member yet? Becoming a member is simple, and it unlocks incredible benefits that go far beyond scholarship eligibility.

Our Flexible Checking Accounts

Our checking accounts offer the flexibility you need, whether you’re staying close to home or heading out of state for college. With features like:

• Mobile app with bill pay and mobile deposit

• Access to over 5,000 co-op shared branches nationwide

• No-hassle money management at your fingertips

You’ll have the freedom to focus on your studies without worrying about accessing your funds.

Scholarship Opportunities for Detroit Residents

We offer two distinct scholarships for college to support students at different stages of their educational journey. Each scholarship represents our dedication to making higher education more accessible.

The Theodore Cologie Scholarship

The Theodore Cologie Scholarship is designed for graduating high school seniors who are ready to embark on their college careers.

• Award Amount: $1,000 (three scholarships available)

• Eligibility: Applicants must be graduating high school seniors and members of OUR Credit Union.

This scholarship aims to recognize academic achievement, community service, and leadership potential. We want to celebrate the hard work of students who are not only excelling in the classroom but also making a positive impact in their communities.

Gwen Anne Barr Memorial Scholarship

The Gwen Anne Barr Memorial Scholarship supports students who are continuing their education beyond high school.

• Award Amount: $1,000 (two scholarships available)

• Eligibility: Applicants must have graduated from high school before the application deadline and be members of OUR Credit Union.

This scholarship is a wonderful opportunity for students returning to college after a break, pursuing graduate studies, or attending vocational programs.

Financial Aid and FAFSA Information

In addition to our scholarships, we encourage all students to explore financial aid options by completing the Free Application for Federal Student Aid (FAFSA). Submitting your FAFSA is a critical step in securing federal grants, loans, and work-study programs.

Why is the FAFSA Important?

• Required for Federal Student Aid: Students who do not submit a FAFSA will not be eligible for federal financial aid.

• Access to Additional Aid: Many scholarships and institutional grants also require FAFSA submission.

Take the time to fill out your FAFSA early to ensure you receive the financial support you need.

Student Loan Options

For students who need additional financial support, OUR Credit Union partners with Sallie Mae to offer flexible student loan options. We understand that scholarships and financial aid may not cover the full cost of tuition, and we want to provide our members with trusted, reliable loan solutions.

Benefits of Sallie Mae Student Loans:

• Competitive interest rates

• Customizable repayment options

• No origination fees

Whether you need funds for tuition, housing, or other educational expenses, we’re here to help.

How to Apply for OUR Credit Union Scholarships

Applying for our scholarship opportunities for Detroit residents is simple. Here’s a step-by-step guide:

1. Become a Member: If you’re not yet a member, open an account with us today.

2. Gather Required Documents: This typically includes transcripts, letters of recommendation, and a personal essay.

3. Complete the Application: Fill out the scholarship application online and submit it before the deadline.

4. Stay Informed: We will notify applicants of their status and next steps.

Why Choose OUR Credit Union?

Beyond financial support, OUR Credit Union is dedicated to building lifelong relationships with our members. By joining, you gain access to:

• Comprehensive Financial Services: Checking, savings, loans, and investment options tailored to your needs.

• Educational Resources: Workshops, webinars, and financial literacy tools to help you manage your money wisely.

• Community Focus: We reinvest in our members and the Detroit community through scholarships, sponsorships, and events.

Your journey with us is about more than just finances—it’s about achieving your dreams and building a secure future.

Applications Are Now Open for 2025!

There’s no better time to apply for our scholarships than right now. We believe in the potential of Detroit’s students and are committed to helping you succeed.

Don’t miss your chance to secure funding for your education and take advantage of the incredible benefits OUR Credit Union membership offers.

Ready to take the next step? Start your scholarship application and move one step closer to achieving your dreams.