Education Grant

Our Education Grant Program is designed to support eligible students in pursuing their academic goals. Whether you’re applying for high school, college, or vocational studies, we’re here to help ease the financial burden and empower the next generation of leaders.

Rupert McCoy Memorial Educational Grant

In memory of the esteemed Mr. Rupert McCoy, whose unwavering dedication spanned over three decades of service as a volunteer, ambassador, and advocate for the CICSA Credit Union, our annual Rupert McCoy Memorial Educational Grant programme stands as a testament to his legacy, supporting individuals in pursuit of their educational and career aspirations.

This grant is extended to Credit Union members in good standing, as well as their immediate family members, embarking on post-secondary studies, technical or vocational training, whether undertaken locally, overseas, or online.

Mr. Rupert McCoy epitomised a profound commitment to the Credit Union ethos within the Cayman Islands, leaving an indelible mark both locally and globally. Having served as a former Credit Committee Chairman and Vice President of the Board, he crafted specialised training programs benefiting members and staff alike.

In the spirit of his selfless service and fervent dedication to knowledge and education enhancement, we pay tribute to Mr. Rupert McCoy by awarding educational grants to deserving students.

How to Apply

Applying for Educational Grant:

We’re proud to support our members in furthering their education. If you or your child is planning to enroll in an academic program, our Educational Grant can help lighten the financial load.

You may apply online during our open grant cycle.

Required documents typically include proof of enrollment, recent academic transcripts, and a completed application form.

Be sure to check eligibility criteria and submission deadlines before applying.

Education Grants FAQ's

Following the deadline, all applicants will receive an email advising whether or not they were successful.

The grant is designed for members to use the funds towards their educational needs. Some examples are, but not limited to: Tuition fees Books, materials for studies (laptop, printer, textbooks, pens, etc.) Meal plans Airfare cost, transportation costs (bus, train, etc.) Clothing (may need a coat, boots, scarf, gloves when studying in cooler temperature overseas) Rent (students who live off campus instead of in the dorms) Furniture (study desk, lamp, etc.) Other educational related expenses

Yes, we encourage all members in good standing at the Credit Union to apply.

The most common reasons for declining grant applications are, but not limited to: Delinquent, Inactive, Dormant, or Closed Account Missing grades and/or exam results Under 3.0/Low GPA Did not provide up-to-date grades/transcript(s) Government or other Scholarship(s) Cover All Expenses Dishonest on the application

No. It is a one-time grant.

Applicants without a Credit Union account and with a primary address in the Cayman Islands must open an account before applying for the grant.

No, this is a grant which does not require repayment.

Members who apply for the grant must be in good standing. Below are some main examples of what is considered in good standing: Not Delinquent – Member has a loan product that is being paid on time, and all payments are current. Compliant – Member has at least one valid ID on file; birth certificate (applies to students up to 17 years old), driver’s license, passport, voter’s card. Permanent Shares contribution of $100 must be completed. All insurance policies must be current and valid. Member must have an Active account which means it cannot be: Inactive – The account has had no activity for 6 months and needs to be reactivated. Dormant – The account has had no activity for 12 months and needs to be reactivated. Closed – The account is closed.