Scholarships are a direct way of giving back to the community. It shows credit unions are committed to the betterment and success of its valuable members – leading to increased membership. As Membership increases, more individuals will open accounts, take out loans, and leverage other financial services.

According the the World Council of Credit Unions – the average age of a credit union member is 53, posing long-term sustainability challenges. Scholarships attract a younger generation of membership while leading to increased membership via referrals as well as driving financial literacy and education in a target demorgraphic.

Scholarships from credit unions are a direct investment into the community – helping members achieve their educational goals, which lead to better job opportunities, improved quality of life, and local economic impact. By supporting members educational pursuits, credit unions lay the groundwork for long-term relationships. Members will appreciate the credit union’s efforts leading to increased loyalty and trust – empowering positive publicity and community brand image.

In a highly regulated industry Reviewr provides both the data security and audit proof of process critical to the success of a scholarship. Leveraging proof of process functions credit unions will ensure a fair, non-bias, and compliant scholar selection process while also ensuring a feedback loop for self development and growth. As a SOC2 certified platform, Reviewr gives both credit unions and the community peace of mind that robust data security measures are in place to handle sensitive member information.

Reviewr provides the modern consumer the digital accessibility desired by the modern consumer. This leads to a better participant and volunteer experience, streamlined operations, data-driven insights, and the toolbox credit unions seek for building a digital brand presence.