Scholarships

The 2020 Scholarship Program has begun.

In honor of our 15th anniversary, the Northwest Federal Credit Union Foundation awarded $150,000 to 26 recipients and to Northern Virginia Community College’s Helping Hands and Lifeline Program on June 12, 2019.

Since its inception in 2005, Northwest Federal Credit Union Foundation has awarded $1,407,000 to a total of 310 award recipients, with additional financial contributions from The Central Intelligence Retirees Association (CIRA) and NW Capital Management, to deserving students who have demonstrated leadership, dedication and commitment in school, at home and in the community. 

NWFCU Foundation understands that with the rising tuition costs and burden of student loans, many students need assistance paying for college. The Foundation encourages students pursuing higher education and seeking financial support to consider applying for one of the following scholarships:

Ben DeFelice Scholarship

The NWFCU Foundation established the Ben DeFelice Scholarship to pay tribute to Mr. DeFelice, NWFCU's longest running Chairman of the Board (31 years) and nine-year veteran of the Board of NWFCU's subsidiary, Northwest Financial Advisors, formerly Northwest Services. Mr. DeFelice exemplified leadership, dedication and commitment in school at home and in the community.

CIRA Scholarship

The Central Intelligence Retirees Association (CIRA) is comprised of current and former CIA employees and contractors who understand the sacrifices made by Agency employees. CIRA - in collaboration with the NWFCU Foundation - created the CIRA Scholarship Program in recognition of the demands placed on CIA families and the importance of supporting the educational goals of the children and grandchildren of current and former CIA employees.

Need-Based Scholarship and CTE Scholarship

The NWFCU Foundation established its Need-Based Scholarship to give to those students with financial hardship and limited resources the ability to pursue a college education. For the 2020-2021 school year, The NWFCU Foundation is partnering with two nonprofit organizations, Second Story and Mobile Hope, in accepting applicants for our Need-Based Scholarship Program. This year, only applicants who are active clients of, and have letters of recommendation from either Second Story or Mobile Hope will be considered for Need-Based Scholarships.

Thanks to a generous grant from Diane Canney of Sunset Hills and 50 West Vineyards, The NWFCU Foundation will be offering Career and Technical Education (CTE) Scholarships to applicants who have letters of recommendation from either Second Story or Mobile Hope. Canney’s passion for and dedication to continuing career and technical education for today’s youth is an inspiration.

FAN Scholarship

Thanks to a generous grant from the Financial Awareness Network, Northwest Federal Credit Union will be offering Financial Awareness Network (FAN) Scholarship opportunities beginning with the 2020-2021 school year. Students must reside in a prescribed region of Northern Virginia and must be using the funds for undergraduate education.  Students applying for FAN scholarships will be required to write an essay addressing the topic of Financial Literacy.

If you have questions about the scholarship application, please contact us:

Phone: 703-925-5092
Email: scholarship@nwfcu.org
Hours: 8:00 am - 3:00 pm ET