Established in 2018, the Neighbors Way Tuition Assistance Award was developed in an effort to help subsidize the cost of tuition for students entering their first year of college. Each year the 15 area schools that participate in the Neighbors Mascot Checking Program are invited to nominate one graduating senior to receive the scholarship.
Schools nominate students based on their character and commitment to living the “Neighbors Way.” Nominated students exemplified the credit union’s core values including Integrity, Respect, Trust, Stability, Community Involvement, Honesty, Empathy, Ethical Behavior, and Fairness.
Funds for the program are raised through three major avenues – the internal Employee Payroll Donation Program, the Foundation’s annual fundraiser, Clays for a Cause, and NFCU’s Free Cash Back Checking account, which provides three cents to the foundation for every qualified debit card purchase. The remainder of the funds are generated from miscellaneous fundraisers and direct contributions from NFCU.
To date, we have awarded $145,000 in scholarships to over 50 students in the Greater Baton Rouge area. In 2020, the Foundation awarded its first 4-year award for $20,000. Currently, nominations are only accepted directly from our 15 participating Mascot Schools.