The bursary will be awarded based primarily on two criteria – demonstrated financial need, and community involvement.
When reviewing the application, we also consider:
• Applicants (or their parent) must be a credit union member. To receive an award the recipient must have a credit union account.
• Youth is defined as age 25 by June 30, 2018. (Prior bursary recipients continuing their studies are eligible beyond age 25.)
• Programs of study may be academic, vocational, or technical.
• Rather than obtain detailed information to demonstrate financial need, we expect you to have applied to the Ontario Student Assistance Program (OSAP). A copy of your notice of assessment is required. Please note, if OSAP application is not accepted you may still apply.
• Acceptable grades (65% or higher) are required.
• Applicants must be Ontario residents and Canadian Citizens or have Landed Immigrant status.
• Applicants must be a graduating high school student or in attendance at a public post-secondary institution in Ontario.
• Applicants attending at a school out of province will only be considered if the program is not offered within Ontario.
• Graduate and post graduate students are not eligible. However, students on designated programs of study required to become a professional such as a lawyer, doctor, teacher, etc. may apply.
Awards range from $1,000 to $2,500. We plan to award a minimum of $60,000 in awards in 2018.
Selection and Award Process:
1. The Awards Committee will review all applications and take into consideration the demonstrated financial need, community involvement, personal statement of special circumstances, grades, etc. All decisions are final and will be conveyed in an email.
2. If a Foundation award is approved, it is disbursed during the course of the program. Disbursements are made to your financial institution account. If you don’t have a credit union account we encourage you to get one.
3. We ask that you attend in person for a photographic presentation which may be used in the Foundation’s and/or credit union’s newsletter or on the website as this is a means of showing the donors their contributions are at work.
1. Applications are to be submitted online by the timetable deadlines noted below.
2. All content on the application is deemed important, but special attention will be given to your minimum 500-word essay on why you should receive a bursary from OCUF.
3. Please note the two requested letters of reference must be from an independent third party (i.e. school teacher, employer, coach, etc.)
4. If you are not currently a member of a credit union we encourage you to open a credit union account (many of which are “no fee” which is great for students!)
Applications open April 30, 2018. Applications close June 30, 2018.
As required by Revenue Canada, a T4A will be issued for income tax purposes and mailed to your permanent address. It is the responsibility of the recipient to advise OCUF of any address changes.