Virginia Credit Union’s 2026 Scholarship Program Awards $156,500 to 32 Student Members

Virginia Credit Union’s 2026 Scholarship Program Awards $156,500 to 32 Student Members Virginia Credit Union’s 2026 Scholarship Program Awards $156,500 to 32 Student Members Since 1991, VACU Has Provided Almost $2 Million in Scholarships to Aid Members Pursuing a College Degree GlobeNewswire May 27, 2026

RICHMOND, VIRGINIA, May 27, 2026 (GLOBE NEWSWIRE) -- Virginia Credit Union has awarded a total of $156,500 in college scholarships to 32 student members. Thirty students will receive a $5,000 award as part of VACU’s annual scholarship program. In addition, two students were honored through the credit union's legacy Member One scholarship program, receiving a combined $6,500 in financial support.

"Helping our members achieve greater success is at the heart of everything we do at Virginia Credit Union, and that mission comes to life in a very direct way through our scholarship program," said VACU President/CEO Chris Shockley. "Each of these students has shown the kind of drive, concern for their community, and dedication to their own future that makes us proud to be their credit union. Not only are these scholarships an investment in these students and their futures, but they also represent an investment in the communities they will go on to shape."

Established in 1991, the Virginia Credit Union Scholarship Program has provided more than $1.95 million in scholarships to student members over the course of its history. The program honors Dorothy “Dot” Hall and Jane Watkins, former presidents of Virginia Credit Union, and was established to help members working toward their first undergraduate degree

This year's program drew more than 840 applications — a testament to the depth of talent within the VACU membership. Virginia Credit Union assembled an independent selection committee of 40 members, community partners, and education advocates to score and select this year's recipients. Each application was evaluated on four criteria: community service, extracurricular activities, an essay, and the hours each student has devoted to work to help offset the cost of their education.

This year's 30 VACU Scholarship Program winners include 15 rising college freshmen and 15 currently enrolled college students pursuing their first undergraduate degree.

High School Winners

College Student Winners

Member One Legacy Scholarship Recipients

Virginia Credit Union also presented two scholarships through its legacy Member One scholarship program, honoring two individuals whose dedication to education and community left a lasting mark on the credit union and the region.

The Richard L. "Dick" Williams Memorial Scholarship ($5,000) was established in honor of Member One's first president and CEO, who served the credit union for more than 35 years and was known for his passion for education and competitive sports. The scholarship, supported by the Williams family, assists a student-athlete pursuing a four-year degree at a Virginia institution.

Ava Sexton, graduating from William Byrd High School, plans to attend Emory & Henry University to pursue a bachelor's degree in Biology while competing as a Division II lacrosse student-athlete.

The Henry Lee Memorial Scholarship ($1,500) honors Henry Lee, a past Member One scholarship recipient who was tragically killed at Virginia Tech on April 16, 2007.

This year’s winner, Emily Tull, graduating from Cave Spring High School plans to attend Virginia Tech to study Chemistry and Healthcare.

Scholarship applications for 2027 will be available beginning in December 2026. Students must be members of Virginia Credit Union to apply. Learn more about the program at vacu.org/scholarships.

About Virginia Credit Union
Virginia Credit Union is a member-owned financial cooperative serving nearly 500,000 members. The not-for-profit credit union offers a variety of affordable banking services, loans, mortgages, and free financial education resources, all designed to help people feel more confident and achieve greater success. Virginia Credit Union is an equal housing opportunity lender and is federally insured by the NCUA.


Lewis Wood
Virginia Credit Union
804-560-5664
lewis.wood@vacu.org