Island Scholarship - Island Federal Credit Union (Hauppauge, NY)

2022 Island Federal Scholarship

AWARDING $50,000 in college scholarships 

For more than six decades, Island Federal has helped local families achieve their dreams. Recognizing that affording a college education is a priority for most parents, we offer the Island Federal Scholarship Program. Since 1992, Island has awarded more than 338 scholarships totaling $740,000 to local high school graduates. 

Island will award a total of $50,000 in Scholarships to eleven (11) 2022 high school seniors

  • 3- $10,000 Scholarships
  • 8- $2,500 Scholarships

All students who are graduating high school in 2022 and are pursuing advanced, full-time study after graduation are encouraged to apply for an Island Federal Scholarship.




The best part about the Island Federal Scholarship program is that there is no essay to write or transcript required. Simply meet the following requirements at your time of submission and you are entered:

  • Be a current high school senior (Class of 2022)
  • Have an Island Federal checking account with a Debit Mastercard1

Not an Island Member yet? Visit any Island Branch to open a Checking Account with Debit Mastercard or follow the steps below:

Under 18 years of age Over 18 years of age
To open a checking account with Debit Mastercard, please email us at Open a checking account with Debit Mastercard either online or by emailing us at



How to Enter

  • Download our Online Application or visit an Island Branch
  • Submit a completed application at any Island Federal Branch or by mail:
    • Island Federal Scholarship Entry, 120 Motor Parkway, Hauppauge, NY 11788
  • The deadline to submit is Friday, April 22, 2022
  • Random drawing will be held on April 29, 2022

 Apply Today!


OFFICIAL RULES: To be eligible, student must be a high school senior (class of 2022) and plan on attending a full-time course of undergraduate study as a freshman at a university, college, community college or recognized vocational school. One entry per person. If selected, student is required to provide proof of acceptance into the school they will be attending. On Friday, April 29, 2022, eleven (11) names will be randomly drawn. Of those eleven, the first three (3) names randomly drawn will each win a $10,000 Award. $10,000 Scholarship recipients will be awarded $2,500 per year for four years and proof of attendance each year will be mandatory before award is given. The remaining eight (8) names selected will each win a $2,500 Scholarship. All winners will be notified via mail, email or phone using the contact information provided at the time of entry, and a list of recipients will be published in the Island Quarterly newsletter, on the Island website, as well as displayed in our branch offices. Acceptance of the Scholarship shall constitute winner’s consent for ISLAND FEDERAL to use winner’s name and photograph for advertising and promotional purposes without further compensation. Senior picture required from winners. 1 A debit card and checking account is required, however there is NO minimum balance needed to open or maintain the account. The account must be established in the student’s name before or at the time the entry form is submitted. Go to for more information. Island Federal Credit Union Officials, Employees, Volunteers and their immediate family members are not eligible to enter. Membership eligibility applies.

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