LBS Financial currently donates scholarships to 30 students annually, selected by high school counselors at designated schools in the Greater Long Beach area. The Credit Union will continue to provide scholarships directly to these schools already involved with the program and is now offering a new scholarship of $1,000 awarded to one student each year through an application process.

Eligibility

A. The entrant must be a member of LBS Financial Credit Union and in good standing, prior to submitting a scholarship entry form.
B. Student must be enrolled as a high school senior or at an accredited college in his/her freshman-junior year at the time of application.
C. Scholarship funds must be used at an accredited educational institution by January 31, 2011 for tuition and text books only.
D. Employees of LBS Financial, volunteers and their immediate families are not eligible to participate.

Entry Requirements

A. Entrants must submit an official high school or college transcript.
B. Entrants must submit a letter of recommendation from a school official.
C. Entrants must submit a typed response to the two essay questions.
D. Entrants must complete and sign an official entry form.

Application Process

A. Eligible members may request an official scholarship entry form by:
a. Clicking here to download an application
b. In person at any branch location
B. Application deadline is Friday, April 16, 2010, end of business day
(or postmarked by April 16, 2010)

Judging

A. Judging will be accomplished by a panel of impartial judges selected by the LBS Financial Credit Union Marketing Department.
B. Judging will be based upon both subjective criteria including essay and weighted objective criteria as well as academic performance, extracurricular and community activities, references and personal goals.
C. All entries must be postmarked no later than Friday, April 16, 2010. Entries must be sent to: LBS Financial Credit Union, Attn: Marketing Department, P.O. Box 4860 Long Beach, CA 90804.
D. Judging will conclude on Friday, May 7, 2010 and the scholarship winner will be notified by Friday, May 14, 2010.
E. All decisions of the Scholarship Review Committee are final.
F. All scholarship entries become the exclusive property of LBS Financial Credit Union.

Award Procedures

A. Winner must begin studies by January 31, 2011.
B. Scholarship funds will be paid directly to the recipient within one month of receiving proof of enrollment for the following academic school year at an accredited college.
C. Funds may only be used for tuition and text books.