Capitola, CA – January 26, 2026 - Bay Federal Credit Union is now accepting applications for its 2026 Education Scholarship, designed to support local students pursuing education and career training opportunities after high school. Up to four individual recipients will each be awarded $2,000 to help cover expenses directly related to their continuing education.

The scholarship is open to Bay Federal Credit Union members in good standing, including graduating high school seniors, high school graduates, college students, and those enrolled in trade or certification programs. Applicants must be accepted to or enrolled in a part-time or full-time program for the Fall 2026 term at an accredited college, university, or trade school.

The application deadline is March 6, 2026. Scholarship recipients will be selected by a review panel and notified by April 10, 2026.

The application process includes a completed application, required supporting documentation, and a short video submission centered on financial wellness. Video prompts encourage students to reflect on the importance of financial wellness or explain a key financial topic relevant to young adults.

Applications and full eligibility requirements are available at bayfed.com/scholarships. Scholarship recipients must provide proof of enrollment to Bay Federal Credit Union by October 1, 2026, to receive their award.

Since its inception, Bay Federal’s scholarship program has contributed over $94,000 to local students, affirming the Credit Union’s commitment to the community.

About Bay Federal Credit Union

Bay Federal Credit Union is a full-service, not-for-profit financial institution that serves over 96,000 members, including 3,100 local businesses and nonprofit organizations throughout Santa Cruz, San Benito, and Monterey counties. With more than $1.8 billion in assets, Bay Federal is the largest member-owned financial institution in the region. The organization has been proudly serving its members and the community since 1957. Bay Federal is a certified Community Development Financial Institution, with a primary mission of promoting community development alongside their financial activities. Bay Federal has an award-winning employee volunteer program in which employees have given their own money and volunteer for numerous local schools, nonprofit organizations, and community events each year.

Mark Ely, SVP, Chief Marketing Officer 
Bay Federal Credit Union
831.477.8608
mely@bayfed.com