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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.

Alexandria City High School Scholarships

These scholarships are open to graduating seniors from Alexandria City 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.

Click here to apply for our Alexandria City High School Scholarship.

The application submission deadline is January 31, 2022.

Harrisonburg - Rockingham County High School Scholarship

This $1,000 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.

Click here for the 2022 Harrisonburg- Rockingham County High School Scholarship application.

The application submission deadline is March 31, 2022. 

The application submission deadline has been extended to April 10, 2022

Kathryn R. Coleman Scholarships

We award two $2,500 Kathryn R. Coleman Scholarships - the Financial Capability Scholarship Award and the Community Leader Scholarship Award. These scholarships are open to all CommonWealth One members.

Click here for the 2022 Kathryn R. Coleman Financial Capability Scholarship application.

Click here for the 2022 Kathryn R. Coleman Community Leader Scholarship application.

The application submission deadline is March 31, 2022. 

The application submission deadline has been extended to April 10, 2022

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
2021 - 2022 Recipients
  • The 2021 Harrisonburg-Rockingham County High School Scholarship recipient was Gillian Hedrick. Gillian is attending University of Virginia to pursue a degree in Finance with a minor is Computer Science.
  • The 2021 Academy of Finance  Scholarship recipient was Catherine Quidas.

  • The 2021 Alexandria City School Scholarship recipient was Dariah Kamara.

  • The 2021 Kathryn R. Coleman Financial Capability Scholarship recipient was Caitlin Haggerty. Caitlin is a graduate student at High Point University. She is pursuing a Doctorate of Physical Therapy.

  • The 2021 Kathryn R. Coleman Community Leader Scholarship recipient was Jasmine Kauffeld. Jasmine is pursuing a degree in Health Sciences with a minor in Statistics at James Madison University.

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