College  Scholarships

The following scholarship opportunities are
available through Coastal1 Credit Union:

Coastal1 Credit Union is pleased to announce the 2023 Investing in Your Future College Scholarship and its specifications. Coastal1 Credit Union will award fifteen (15) $2,000 one-time scholarships to students starting their first year of college.


  • Applicant must be a member of Coastal1 Credit Union.
    At least a custodial savings account in the applicant’s name if a minor.
  • Applicant must be a graduating high school senior.
  • Applicant must be enrolled or accepted as a full-time student in a four-year college/university
    undergraduate program. Proof of acceptance/enrollment must be submitted with the application.
  • Applications must be received by Friday, April 7, 2023.
    Applications received after this date will not be considered.
  • Coastal1 Credit Union employees and their children are not eligible.

Written Essay

Applicants must submit a strong word essay (500 words maximum) responding to the following:

What field are you interested in pursuing? How can you use the education in this field to make an impact/change in the world?

Application Submission

To apply, please submit the following:

  • Application
  • 350-500 word essay
  • Proof of acceptance into college or a university undergraduate program. Please include a photocopy of the acceptance and enrollment letters on official college/university letterhead.
  • List of extra-curricular or volunteer/community service activities.
  • If you don’t have access to a computer to complete the online application, you may download the application here or obtain one by visiting one of our branch locations or contacting Jason Hernandez, VP Community Outreach at 401-729-5767.

Decision Process & Timeline

  • Applicants will be notified in June 2023.
  • Recipients will be chosen by a panel of Coastal1 Credit Union employees.
  • Those receiving the scholarship will be required to attend a mandatory, Coastal1 financial education class, tentatively scheduled for June 2023. Students who have participated in classes through Coastal1’s Financial Literacy Program in their high school are exempt.
  • The class will be held from 3:30pm – 6pm at the Credit Union’s headquarters, located at 1200 Central Avenue, Pawtucket, Rhode Island.

Coastal1 Credit Union is pleased to announce it’s participation in the Better Values – Better Banking Credit Union College Scholarship Program sponsored by the Cooperative Credit Union. The Association’s 2023 College Scholarship Program will award three (3) $1,500 college scholarships. Information regarding eligibility for these scholarships is listed below.


  • The applicant must be a high school senior accepted to a college/university undergraduate program.
  • The applicant or parent/guardian must be a member of the sponsoring credit union (Coastal1 Credit Union).
  • The applicant must complete a current Better Values – Better Banking Credit Union College Scholarship Program application form and submit it with the other required material to the sponsoring credit union.


Students must submit the following items with their completed applications. All items requested must be received in order for the application to qualify for consideration. All of these pieces are an essential part of the scholarship application. Incomplete applications will not be considered.

  1. Completed Application in black ink due Friday, April 7, 2023: Download Application Here
  2. Academic Transcript
  3. A 250-word essay describing what career you wish to pursue when you complete your education and why.
  4. A detailed list of volunteer and community activities.
  5. The credit union will also have to identify applicant or parent/guardian as a member in order for the application to be considered complete.

All of these pieces are essential for consideration of your application. Failure to submit any of these pieces or incomplete submissions will result in disqualification of your application.

Mail Complete Applications To

Attention: Jason Hernandez
Coastal1 Credit Union
1200 Central Avenue
Pawtucket, RI 02861


We must receive completed applications from students no later than Friday, April 7, 2023.

If you have any questions about the 2023 College Scholarship Program, please contact: Jason Hernandez, VP, Community Outreach ([email protected]) or (401) 729-5767.