Michigan First Credit Union, in conjunction with its young adult financial education program, Young & Free Michigan, announced today the winners of its charitable online video and essay contest, awarding $94,000 in scholarships to 49 deserving high school and college students from metro Detroit. Michigan First President/CEO Michael Poulos made the announcement.FARMINGTON HILLS, Mich. —
Farmington Hills resident, and University of Detroit Jesuit High School and Academy, Andrew Wilkins was awarded a $3,000 scholarship for his high school video entry.
Now in its 11th year, the scholarship program includes three contest categories: a high school video, high school essay and college video. The top three entries in each category received $10,000, $5,000 and $3,000 scholarships respectively, while additional scholarships of $1,000 were awarded to 40 individuals. Since its inception, the program has given away more than $820,000 to local students.
"As a credit union founded by teachers, we know our members and our team believe in the power of education," Poulos said. "As college costs continue to rise, we'll continue to support local students and help them receive the best-possible education for their careers."
The scholarships are funded by the community financial institution's nonprofit, Michigan First Foundation. Founded in 2012, the nonprofit focuses on youth and education, contributing more than $150,000 annually to local charitable organizations and students.