First New York Scholarship Program Now Accepting Applications

Albany, NY – The First New York Federal Credit Union Scholarship Program is now accepting applications from high school seniors planning to attend an accredited two-year or four-year college or university in the fall.

Four $2500 scholarships will be awarded to deserving high school seniors. One of the scholarships is in memory of Jennie Pennington, a long-time First New York board member and educator.

“Since our founding in 1937 as Schenectady Teachers Federal Credit Union, we have been proud to support educators and students,” said President and CEO Lucy Halstead. “Our scholarship program is one more way for us to give back to our roots and help future generations achieve their academic goals.”

The deadline for applications is March 14, 2025. Winners will be announced in early April, and checks will be presented at the First New York Annual Meeting later that same month.

Application Deadline: March 14, 2025. Winners will be announced in April.

How to Apply: Scholarship applications are accepted here: https://blog.firstnewyork.org/scholarship/.

Selection Criteria:

• Be a First New York member in good standing
• Be a graduating high school senior
• Plan to attend an accredited two-year or four-year college or university
• Be an active volunteer and/or active in their community
• Submit a 250-word essay answering the question: “How would the First New York Scholarship benefit you in pursuing your college career?”
• Submit a copy of your high school transcript

About First New York: Founded in 1937, First New York Federal Credit Union is a full-service not-for-profit financial cooperative providing personal and business banking to consumers and businesses in the Capital Region. First New York offers complete financial services, including checking and savings accounts, auto and home loans, credit cards, online and mobile banking, business services, and commercial and investment services. The Credit Union currently has $493 million in assets and serves over 37,000+ members with full-service branches in Albany, Cobleskill, Glenville, Halfmoon, Niskayuna, North Greenbush, Rotterdam, and Saratoga.