About our Scholarship

The USECU Olga Claesson Scholarship Fund was established in 2013 to assist our members in furthering their education.  This scholarship is named for Olga Claesson who served as a Member and Secretary of the USECU Board of Directors.  Olga volunteered her time and effort to our credit union for over 30 years and was instrumental in our success.  During her tenure, USECU grew from a “Ma & Pa” operation, literally run out of a shoebox, to the $84 million full service financial institution we are today. Like Olga, we believe strongly in giving back to our members and the communities we serve.

Who is Eligible?

You are eligible to apply if you are a primary member on a USECU account. Being listed as a joint owner or authorized user of a USECU account is not sufficient.  If you are not a member, you may join; open a NextGen account and you will become eligible to apply for the scholarship. Your accounts (checking, savings, etc.) must be in good standing with no delinquencies or charged off loans.

You must be a graduating high school senior who will enroll in an undergraduate course of study during the 2018-2019 school year at an accredited two or four-year college, university, or vocational-technical school in the U.S.  You also must be a U.S. Citizen and must have at least a 2.50 cumulative GPA. (Copies of transcripts and ACT/SAT scores required)


USECU employees, board members, and their families are not eligible to apply.

 How are Recipients Selected?

Scholarships are awarded to members who demonstrate academic excellence, citizenship, and community and school involvement. Only complete applications will be considered. All requested information must be received by April 17, 2018.


Scholarship winners will be notified by phone in May 2018.  Proceeds will be made payable to the school of choice upon submission of verified registration.  Winners agree to be photographed by USECU, which will be used for promotional purposes.

How Much are the Awards?


USECU will award two $1,000 and two $500 Scholarships. Awards are distributed to the schools financial aid office. Scholarship funds may be applied to any component of the school’s comprehensive fee.

To Apply


Mail the completed application, essay, high school transcripts, ACT or SAT scores, and three letters of recommendation by April 17, 2018 to:


U.S. Employees Credit Union

Scholarship Committee

230 S. Dearborn, Suite 2962

Chicago, IL  60604

Good luck to you!