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Freedom First Credit Union


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Investing in the Rich Minds of Our Community

Freedom First Credit Union awards over $10,000 each year in academic scholarships. Are you in college or in your final year of high school? You may be eligible. 

The application cycle for 2023 is now closed.

Thank you to all who submitted applications. We will be in contact with the winners once they are chosen!
Come back next spring for the 2024 cohort.

Charles Perkins Scholarships

Three $1,500 scholarships are named in honor of Charles Perkins, who served as general manager and president of Freedom First Credit Union.

City of Salem/Frank Turk Scholarship

One $1,500 scholarship is named in recognition of the City of Salem Employees Credit Union. Frank Turk served as its president from 1978-2004. Freedom First is grateful for the many years that Frank Turk served on its Board of Directors.

Fritz Kehn Scholarship

One $1,500 scholarship is dedicated to the memory of Fred C. "Fritz" Kehn, who was one of the original charter members of the Credit Union. A former General Electric sheet metal foreman in Salem, Fritz served as the first Credit Union president in 1956.

Tim Sutphin Scholarship

One $1,500 scholarship is dedicated to the memory of Tim Sutphin, who served on the Freedom First Board of Directors for over 20 years. Tim's compassion and uncompromising belief in the Credit Union principle of "People Helping People" gives solid foundation to the honor and high praise he has earned from Credit Union volunteers and members he has served over the years.

Torie Phillips Memorial Scholarship

Freedom First Credit Union sponsors the Torie Phillips Memorial Scholarship, which honors the memory and life of Lord Botetourt High School student Torie Phillips through one $1,500 scholarship to a LBHS senior who demonstrates exemplary character and academic achievement.

Virginia Tech General Scholarship Fund

Freedom First contributes each year to the Virginia Tech General Scholarship Fund.

For more information, contact our Community Development Team below.

In 2018-2019, Freedom First awarded $561,442 in Community Investment Grants, scholarships, and event sponsorships.

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