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We put a high priority on higher education

Smart, hard-working young people deserve to attend college. But tuition costs keep going up. At CommonWealth One, we're trying to make higher education more affordable for our members. For the past 20 years, we've been awarding scholarships to some of the best and brightest students in the region.

Harrisonburg - Rockingham County High School Scholarship

This scholarship is open to graduating seniors attending a Harrisonburg/Rockingham county area high school who plan to enroll full time (minimum 15 credits per semester) in an accredited college, career or technical school. The deadline to enter is March 31, 2021.

Harrisonburg - Rockingham County High School Scholarship ($1,000) Apply Here, Deadline April 11, 2021

T. C. Williams High School Scholarships

These scholarships are open to graduating seniors from T.C. Williams High School who plan to enroll full time (minimum 15 credits per semester) in an accredited college, career or technical school. Two scholarships are awarded – one to a graduating Academy of Finance student and one to a graduating senior.  

T.C. Williams High School Scholarship Apply Here. The entry period for this scholarship has ended.

Kathryn R. Coleman Scholarships

We award two Kathryn R. Coleman Scholarships - the Financial Capability Scholarship Award and the Community Leader Scholarship Award. These scholarships are open to all CommonWealth One members.

Kathryn R. Coleman Community Leader Scholarship ($2,500) Apply Here, Deadline April 11, 2021

Kathryn R. Coleman Financial Capability Scholarship ($2,500) Apply Here, Deadline 11, 2021

Evaluation Criteria

Applications for the Kathryn R. Coleman and Harrisonburg High School scholarships are evaluated by a committee, with attention paid to:

  • An essay
  • Extracurricular activities
  • Community involvement
  • Honors/awards
  • Employment/internships
  • Academic excellence and achievement

Eligibility Requirements

  • Must be a member of CommonWealth One Federal Credit Union
  • Must be the primary member on your own account
  • Account must be in good standing
  • Must be a graduating high school senior or college/university student attending a fully accredited college, university, or other institution of higher learning

2020 Scholarship Winners

Our most recent winners are impressive in their dedication to academic excellence and extracurricular activities.

  • Carly Parsons, Kathryn R. Coleman Financial Capability Scholarship Award Winner – Carly is a 2020 graduate of Battlefield High School in Haymarket, VA. She will be attending Virginia Tech with plans to major in architecture.
  • David Knapp, Kathryn R. Coleman Community Leader Scholarship Award Winner – David is a sophomore at St. Joseph's University and he is pursuing a degree in social sciences.
  • Lief McCoy, CommonWealth One (Harrisonburg High School) Scholarship Award Winner – Lief is a 2020 graduate of Harrisonburg High School in Harrisonburg, VA. He will be attending William & Mary with plans to major in history.
  • Yasmin Hassen, CommonWealth One (Academy of Finance) Scholarship Award Winner – Yasmin is a 2020 graduate of T.C. Williams High School in Alexandria, VA. She will be attending Virginia Tech with plans to double major in business management and finance.
  • Zoe Price, CommonWealth One (T.C. Williams High School) Scholarship Award Winner – Rebekah is a 2020 graduate of T.C. Williams High School in Alexandria, VA. She will be attending Shenandoah University with plans to major in recording and audio arts.

CommonWealth One Federal Credit Union is a full-service credit union with branches in Virginia and Washington, D.C.

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