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Get your college career started with a 5Point Scholarship.

We present twelve $1,000 scholarships to select high school seniors each year. Scholarship recipients are 5Point members who exemplify the credit union's values in their academics, leadership, and community involvement.


The following minimum requirements have been established to qualify for a scholarship:

  • Applicant must be a member in good standing with 5Point Credit Union.
  • Applicant must be the primary owner of a 5Point share (savings) account in existence by March 25, 2021; parents’ accounts are NOT sufficient.
  • Applicant must be a graduate of an accredited high school program during the 2020-2021 academic year. Homeschool programs will be accepted on a case by case basis.
    • Please email for information regarding accepted homeschool programs.
  • Applicant must be accepted by March 25, 2021 for admission as a freshman to an accredited college, university, or equivalent institution for the Fall 2021 semester.
  • Applicant must submit an SAT score and/or an ACT score.
  • Applicant must have an overall “C” grade point average or better.
  • Applicant must have demonstrated character in dealing with people during their academic career.
  • Applicant must show potential for becoming a contributing member of society.
Applicants may not:
  • Be children or grandchildren of employees, officers, or board members of 5Point Credit Union.

Application Process

Complete and submit your application before the deadline. Our scholarship committee will review all applications, and winners will be notified of their selection. Funds are disbursed to scholarship recipients after we receive the student's proof of registration from their selected college or university. 

Apply for a 5Point Scholarship (Extended Deadline)

Click here to download the 2021 scholarship application. The application deadline is April 1, 2021.
Grade 48 Month APR* Payment
60 Month APR* Payment
72 Month APR* Payment
78 Month APR* Payment
84 Month APR* Payment
96 Month APR* Payment
120/180 Month APR* Payment
A+ 3.25%    3.50%    3.75%   4.25%    4.75%     5.75%   6.25%  
A 4.00%    4.25%     4.50%     5.00%     5.50%     6.50%     7.00%  
B 5.75%     6.00%    6.25%    6.75%    7.25%    8.25%    8.75%  
C 8.25%     8.50%     8.75%    9.75%      10.00%    11.25%    11.75%  
D 11.25%     11.50%      11.75%     13.25%    13.50%    14.25%    14.75%  
E 15.75%    16.00%     16.25%    16.50%    16.75%    16.25%     17.25%   

*APR = Annual Percentage Rate
**Payment example = monthly payments per $1,000 borrowed