Chesterfield Federal Credit Union is proud to offer over $6000 in college scholarships for high school graduates and $1000 in scholarships for adults pursuing continuing education.

Currently available scholarships:
Charles R. Quaiff Sr. Memorial Scholarship

Charles R. Quaiff Memorial Youth Scholarship


Three (3) $1,000.00 scholarships are available for high school students graduating in 2017. The student must be entering an accredited college, university, or other recognized institution of higher learning full-time in the 2017/2018 school year. The applicant or a parent must be a member of Chesterfield Federal Credit Union.

Method of Selection

The scholarship applicant MUST submit the following items to be considered for a scholarship:

  • A completed application
  • Your most recent transcript of high school records
  • A copy of SAT or ACT scores
  • Three short essays as listed in the scholarship application.  Essays must be typed and double-spaced on plain white paper.

Applicants will not be notified if documentation is missing or incomplete. Any applications received by the deadline without all of the above required information will not be accepted.

Each applicant will be judged in the following categories:

  • Essay
  • Academics
  • Financial need
  • Extra-curricular activities

Additional Information

The applicant is welcome to submit any other information that he or she feels would assist the committee in making a decision in his or her favor, including letters of recommendation. This scholarship is a direct grant with no repayment requirements. Students who have applied for or received other scholarships are eligible. Scholarship funds will be paid directly to the college of the winner's choice upon registration. In the event the student chooses not to continue their education, the scholarship will be awarded to an alternate student.


The deadline for the 2017/2018 school year is Friday, April 21st, 2017.


Download an application or pick one up at any branch.

Richmond Chapter of Credit Unions

2017 Richmond Chapter of Credit Unions Scholarship


Two (2) $1000.00 scholarships are available for college, technical, or trade school enrollment after June 30, 2017 and before December 31, 2017. The scholarship is available to a high school student who will graduate in 2017 and will begin college by 12/31/2017. The applicant or a parent must be a member of a credit union belonging to the Richmond Chapter Credit Union. Chesterfield Federal Credit Union is a member of the Richmond Chapter of Credit Unions.

Method of Selection

The scholarship application must submit the following items to be considered for a scholarship:

  • A completed application
  • An official high school transcript
  • A written essay between 300 - 500 words explaining the Credit Union Difference and what it means to the applicant.

The scholarship will be awarded primarily on the basis of merit; not financial need. The applicant must have a minimum cumulative grade point average (GPA) of 2.8 (grades 9-11). The applicant must have demonstrated leadership skills and a strong involvement in extracurricular activities and community service organizations. The applicant shall have demonstrated outstanding citizenship qualities that show loyalty, trustworthiness, integrity, and a genuine concern for the well being of others.


The deadline for the 2016/2017 school year is Wednesday, March 29th, 2017.


Download an application today, or pick one up at any branch.

What is the credit union difference?

The credit union business model and philosophy are unique. Chesterfield Federal Credit Union has been serving the community by providing low cost financial services for more than 50 years. In addition, we provide financial literacy training to Chesterfield County Public Schools (CCPS), sponsor many Chesterfield County Government and CCPS activities and volunteer within the community. How is this important to you? This scholarship challenges you to illustrate what the credit union difference means to you.


This scholarship is available to anyone in grades 9 - 12 who is a student of Chesterfield County Public Schools. Chesterfield Federal Credit Union membership is not required, but is available to all entrants.


To enter, create and submit a video no more than 2 minutes in length demonstrating the credit union difference. An entry form and video upload can be completed on a special page on our Facebook site. Visit our Facebook page to enter!


We will award one (1) $300 college scholarship to a student from each Chesterfield County public high school. The winning entrant from each high school will then compete in public voting on our website to earn one (1) additional $700 college scholarship.

Contest Timeline

Sunday, April 10th, 2016 at 11:59pm - Submission deadline
Monday, April 11th, 2016 - Judging
Wednesday, April 13th, 2016 - Winners notified by e-mail
Monday, April 18th, 2016 at 12:00am - Public voting begins
Friday, May 6th, 2016 at 11:59pm - Public voting ends
Tuesday, May 10th, 2016 - Winning entry announced

Method of Selection

On or around April 11th, 2016 a committee will judge selections based on the following criteria:
Originality - 25 points
Production Value - 10 points
Message - 50 points

Engaging the Audience - 15 points

Chesterfield Federal Credit Union members will receive 5 bonus points

One winner will be selected from each high school. Each winning video will compete for the public vote on our Facebook page from April 18th, 2016 - May 6th, 2016 for one (1) additional $700 scholarship.
Declare the difference and you could win!

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