Opening a Youth Account


Apply for the Joseph A. Melbourne, JR. Scholarship program to help pay for your education.   

CFE believes there can be no greater investment in your future than continuing your education. Each year CFE awards six scholarships worth a total of $10,000 each to six lucky graduating high school seniors who are CFE members or dependents of CFE members.

The deadline to submit a 2017 scholarship application was May 31. The winning 2017 scholarship recipients, selected randomly, will be notified by June 30.  Good Luck!

Check back in April 2018 for information about the 2018 Joseph A. Melbourne, Jr. Scholarship Program. 

Please call the Member Service Center at 407-896-9411 or 800-771-9411, option 3 with questions.


Scholarship Program Details

Six undergraduate scholarships in the amount of $10,000 to be distributed over four years ($2,500 per year) will be awarded to selected eligible members of CFE Federal Credit Union, or dependents of members. Four scholarships will be awarded to members or dependents whose permanent address is in one of the four counties served by CFE (one each from Orange, Osceola, Seminole and Lake Counties). Two scholarships will be awarded to the membership at large, i.e. selected from all applications received regardless of permanent address.


Scholarships may be applied for by graduating high school seniors planning to enroll/enrolled full-time (at least 12 credit hours) during the current year in one of the following: an accredited two-year degree program; an accredited two-year program leading to a four-year undergraduate degree; an accredited four-year institution (undergraduate program); or a full-time job preparatory program at an accredited trade or technical school. First-year scholarship winners must provide proof of full-time enrollment (official schedule issued by the institution) for the coming year. For scholarship renewals, proof of completion from previous year as a full-time student (official transcript issued by the institution) as well as proof of full-time enrollment for the coming year must be provided. Failure to submit a complete application by the stated deadline will result in elimination from the lottery drawing(s). The credit union is under no obligation to contact applicants regarding missing information. CFE FCU employees, officials, families of employees, and families of officials are not eligible. All decisions made by CFE FCU will be final. One application per person allowed.

Selection and Disbursement

The six scholarship recipients will be selected by lottery. Recipients will be notified by phone and asked to respond within
a specified period of time. A scholarship recipient must respond by the deadline stated by phone communication. A
joint check will be issued (made payable to both the recipient and the institution) and mailed directly to the institution.


Applications can be mailed to the Marketing Department at CFE (1000 Primera Blvd., Lake Mary, FL 32746) or dropped off at any CFE branch. The Marketing Department must be in receipt of all applications no later than May 31, 2017. Scholarship recipients will be notified no later than June 30, 2017.