Dow Credit Union Awards $15K in Scholarships

Dow Credit Union once again awarded a total of $15,000 in scholarships to ten local students during June of 2023, marking the 10th anniversary of the program.

The credit union maintains two separate funds with the Midland Area Community Foundation. Credit union members and their families are eligible to apply for the Dow Credit Union Members Scholarship, while the Dow Credit Union Employees Scholarship is reserved for the households of those employed by the credit union. Each year, scholarships for $1,500 are awarded to 10 students, eight from the members’ fund and two from the employees’.

"We established these funds to empower members of our community through their academic pursuits," said CEO Michael Goad. "It has been wonderful to watch so many young people take advantage of these programs over the last decade."

Since the program's launch in 2013, Dow Credit Union has awarded a cumulative $165,000 to 110 students. One of the 2023 recipients, Caleb Brown, presently works as a co-op for the credit union. Similar to interns, co-ops are high school students employed by the credit union. Brown said he intends to study finance at Michigan State University in the fall.

"It's really helpful to be able to get this scholarship and put that towards tuition," said Brown. "Everyone at the credit union supported me on this, everyone around me."

Students can apply for the funds each year between Dec. 1 and Feb. 15 by visiting the Midland Area Community Foundation website.