AUSTIN, Texas–University FCU has announced a $5 million scholarship endowment to benefit students at Austin Community College District (ACC) in a deal that gives UFCU naming rights to the college’s new event space being built on its ACC’s Highland Campus.
According to UFCU, funds from the endowment will be disbursed over five years in the form of scholarships to ACC students who participate in the UFCU Career Scholars program. The program covers all tuition and fees and provides wrap-around support services to help students acquire life-changing credentials.
Austin Community College is an accredited two-year college serving Central Texas that provides affordable, flexible pathways to help students reach their education goals, learn new job skills, or advance their careers. The college currently enrolls more than 70,000 students annually.
A Long Partnership
“We have long partnered with ACC and are excited to take our alliance to the next level,” said UFCU President Michael Crowl. “This scholarship program will provide all-inclusive support to hardworking students so they can focus on achieving their career aspirations through ACC. We can’t wait to see the positive impact it will have on the communities we serve.”
Plans call for a multi-purpose community gathering space named for UFCU to be located at the future St. John Encampment Commons park, which is slated to open at ACC Highland Campus in fall 2022. The building will be a state-of-the-art pavilion to accommodate small, medium, and large-scale special events.
The $4.5-billion UFCU has more than 350,000 members.