The Brayman-Beach Scholarship is named in honor of Susan J. Brayman and Carroll D. Beach, two visionary leaders of the credit union movement whose contributions have made a lasting mark. This unique scholarship opportunity celebrates their commitment to our community by investing in Colorado youth, and in turn, the future of the credit union movement. This scholarship is a fund of the GoWest Foundation that is awarded annually to applicants seeking a four-year bachelor’s degree from an accredited college or university.

Two $5,000 scholarships are awarded each year.

Applicant Eligibility Requirements:

  1. At least 16 years of age;
  2. United States citizen;
  3. A member of a Colorado credit union at the time of applying for the scholarship with the ability to provide proof of membership;
  4. Pursuing a degree in business (major or minor);
  5. Will be a Freshman, Sophomore, Junior, or Senior at a four-year accredited institution conferring bachelor’s degree located in the U.S. in the upcoming school year.

Applicants may reapply in subsequent years. Scholarship funds must be used for the applicant’s tuition, room, board and student fees by January 31 of the year following the award, or the funds will be forfeited.

Applicants must complete and submit the application with all required documentation.

Selection Process:

The selection process is managed by the leadership and volunteers of the GoWest Foundation. Applications will be reviewed based on criteria such as academic performance, extracurricular and community activities, references, financial need, and personal and professional goals.

The following documents must be completed and received by the deadline to be considered for this scholarship opportunity.

  • Application with all sections fully completed.
  • Official or certified copies of high school/college transcripts.
  • College entrance, SAT, and/or ACT scores.
  • Most recent copy of the applicant’s parent and/or guardian’s tax return. Applicants need only submit a copy of the first page of the 1040 or 1040A.
  • Two letters of recommendation from non-relatives such as teachers, professors, counselors, coaches, work or volunteer activity supervisors, or personal acquaintances.
  • Essay of 500 words or less on one of the following topics. Please attach a separate document and note the essay topic selected (identify the number from the prompt below).
    • Essay Prompts: You have been selected as one of the two finalists to run a newly chartered credit union that serves members under 25 years old. In order to be named CEO, you must discuss your creative ideas that will allow you to achieve several lofty goals by the end of the year. Choose one of the items below and explain the strategies you would use to meet the objective established by the Board of Directors.
      1. Attract and hire the most innovative and energetic employees with a budget that only allows for average salaries.
      2. Create and implement new products and services that will drive growth and revenue.
      3. Attract members and potential members to financial literacy classes not held in conjunction with the local schools or colleges.
      4. Develop a plan to collaborate with community leaders and businesses to increase credit union market share.
  • Signed Release and Certification Form from either the applicant or parent/guardian. If the applicant is under 18 years of age at the time of application, a parent or legal guardian must complete the form on behalf of the applicant.

Applications will not be considered unless they are completed in full, all requested documentation is provided, and the applicant is a member of a Colorado credit union at the time of applying.

Deadline to submit applications is April 12, 2024, 5pm MST.