McCoy Federal Credit Union has been serving the residents and workers of South Orange County since 1954. Its mission is to provide the fullest range of personal financial services to our community and our members. McCoy Federal Credit Union provides a safe place for its members to save and a convenient place for members to borrow money for their short and long term needs.
McCoy Federal is a not for profit financial institution. The members are the only owners of the credit union, which is what makes credit unions different from other financial institutions. Because the members own the credit union, the net earnings all go back to the members in the form of higher savings rates, competitive loan rates and low cost services.
Membership is available in McCoy Federal to those who live, work, worship or attend school in the counties of Orange, Osceola, Seminole and Lake and to their immediate family members. The philosophy of all credit unions is "People Helping People," and nowhere is this put into practice better than at McCoy Federal Credit Union.
To be eligible for the McCoy Federal Credit Union Valencia Foundation Scholarship, students must be a member of McCoy Federal Credit Union for one year, or have an immediate family member who has been a member in good standing of the credit union for at least one year. Students must complete an application for the scholarship, complete an essay on the topic designated on the application, carry a full-time load (minimum 12 credit hours), demonstrate a financial need, exhibit community service and have a high school or previous college grade point average of at least 2.5 (based on a 4.0 scale.)
Applications for the McCoy Federal Credit Union Valencia Foundation Scholarship are available on the Valencia Community College website. The Valencia Foundation Scholarship application is at the bottom of the page. Applications are also available from the Valencia Community College Financial Aid Office, P.O. Box 3028, Orlando, Florida 32802-3028.
Applicants meeting the above requirements will have their applications forwarded to McCoy Federal Credit Union where a committee of employees and Board members will select the recipient(s). Applicant names will be removed from the applications prior to judging to ensure objectivity. Students selected as McCoy Federal Credit Union Scholars are expected to write to McCoy Federal Credit Union in care of the Valencia Foundation about their experiences at Valencia and the value of the scholarship.