Applications reach new high one year after SELCO opens the program to continuing, nontraditional, and vocational students.

(SPRINGFIELD, Ore.) — SELCO Community Credit Union awarded $77,500 in scholarships to 21 students throughout Oregon as part of its annual scholarship program. The recipients were chosen from a competitive field and a record number of applications, breaking last year’s record that followed the decision to broaden eligibility to include vocational, continuing, and nontraditional students.

SELCO awarded 20 scholarships worth $3,500 each to students throughout the state. In addition, SELCO awarded Madison Chimenti of Eugene the $7,500 Richard Metzler Opportunity Scholarship—given to a Lane County student who demonstrates excellence in education, leadership, or civic responsibility despite adversity or lack of opportunity.

SELCO’s scholarship program received a significant overhaul as part of the SELCO Steps Up philanthropy initiative launched in 2024, which expanded scholarship eligibility while increasing the total amount awarded by nearly 50%.

One of the key goals for SELCO Steps Up is to evolve its programs to meet the community’s changing needs, including a shifting academic landscape. Trade school enrollment surged 4.9% nationwide from 2020 to 2023, while university enrollment slipped 0.6% over the same period, according to a recently released report by Validated Insights, a higher education marketing firm. SELCO’s scholarship program—once limited to high school seniors headed to a two- or four-year college—better reflects this shifting academic landscape.

“It’s clear that today’s students are thinking differently about their futures, and these scholarships are evolving with them,” said Craig Carpenter, SELCO’s Senior Vice President of Lending & Business Banking. “The Selection Panel had a tough job narrowing down such a strong and diverse group. We’re proud to support students taking bold steps toward bright futures.”

To qualify, applicants must be a SELCO member or the immediate family of a SELCO member. Applicants must also have a GED or cumulative GPA of at least 3.0 (or a 3.0 GPA in their last college term) and plan to attend a vocational school or an accredited two- or four-year college/university.

The 2025 SELCO Scholarship recipients are:

$7,500 Richard Metzler Opportunity Scholarship

$3,500 SELCO Scholarships (arranged by county)

SELCO started its scholarship program in 1991 as an important component of its mission to help members reach their financial and educational goals. In the past five years alone, SELCO has awarded more than $300,000 through this program. And unlike many scholarships, these funds can be used for educational expenses beyond tuition.

Each recipient will be invited to attend a ceremony at SELCO headquarters in Springfield on Thursday, May 22. For more on the recipients, visit www.selco.org/steps-up/scholarships/2025-recipients/.

About SELCO Steps Up:

The SELCO Steps Up program aims to create positive, innovative, lasting change through volunteerism, resource support, and collaboration with community partners. In 2024, the first year of SELCO Steps Up, SELCO volunteered nearly 1,400 hours and reinvested nearly $415,000 in the communities it serves through educator grants, scholarships, and impact-driven sponsorships. As a credit union founded by teachers, education is a cornerstone of these efforts, with a focus on removing barriers to financial literacy. By empowering individuals and families to achieve financial well-being, SELCO strives to build a strong foundation for all its members and neighbors. Learn more at www.selco.org/steps-up.

About SELCO Community Credit Union:

Founded nearly 90 years ago by a group of fiscally minded teachers, Springfield-based SELCO Community Credit Union today serves more than 150,000 members as one of the largest and longest-standing Oregon-based credit unions. A not-for-profit, federally insured, member-driven financial cooperative with more than $2.8 billion in assets, SELCO provides its member-owners with exceptional rates and low fees on a full range of financial products and services, including banking, mortgages, personal and business loans, investments, and insurance. Membership is available to anyone who lives or works in one of the 27 Oregon or eight Washington counties SELCO serves. For more information or to become a member today, stop by one of SELCO’s 15 branches, visit selco.org, or call 800-445-4483.