Scholarships & bursaries

We want to help members pursue their goals and achieve great things.

Empowering students through education

School costs should never stop a student chasing their dreams. At Gulf & Fraser, we’re proud to offer a number of scholarships and bursaries to help members achieve their education goals.

High school scholarships

Post-secondary scholarships

Bursaries

High school scholarships

Who can we support

Gulf & Fraser members or their immediate family, attending one of our partner high schools.

Which schools do we partner with

Our credit union partners with many high schools to support local students.

See participating schools

High schools we've partnered with include:

Boundary Central Secondary
Burnaby Central Secondary
Burnaby Mountain Secondary
Burnaby North Secondary
Burnaby South Secondary
Byrne Creek Community
Cariboo Hill Secondary
Charles Tupper Secondary
Delview Secondary School
Charles Best Secondary
Grand Forks Secondary
Hugh Boyd Secondary
John Oliver Secondary
Johnston Heights
Killarney Secondary
King George Secondary
Kitsilano Secondary
Lord Tweedsmuir
MacNeill Secondary
McMath Secondary
McNair Secondary
McRoberts Secondary
Moscrop Secondary
New Westminster Secondary
Pinetree Secondary
Port Moody Secondary
Richmond Secondary
Stevenson-London Secondary
Terry Fox Secondary
École Alpha Secondary

We also work with the Abbotsford Community Foundation and Langley School District Foundation to support a number of different schools within their districts each year.

How to get a scholarship

To apply for a Gulf & Fraser scholarship, contact your high school. They’ll have all the information to guide you through the application process.

Post-secondary scholarships

Who can we support

Gulf & Fraser members or their immediate family, attending an accredited BC university or technical institute full-time.

Which schools do we partner with

Our credit union partners with a number of accredited universities and technical institutes in BC to support local students.

See participating schools

High schools we've partnered with include:

Douglas College
Kwantlen Polytechnic University
Simon Fraser University (SFU)
University of British Columbia (UBC)
University of the Fraser Valley (UFV)

How to get a scholarship

To apply for a Gulf & Fraser scholarship, contact your high school. They’ll have all the information to guide you through the application process.

Bursaries

Gulf & Fraser is proud to help BC students achieve their goals through the Credit Unions of BC Bursary Program.

Who can benefit

BC undergrads who need a helping hand with school costs.

See full eligibility criteria

Eligibility criteria:

Live in BC and be a Canadian citizen, permanent resident or designated as a protected person
Demonstrate financial need
Be an undergraduate student* at a public Canadian post-secondary school**
Have proof you are enrolled in an academic, vocational, technical, or technological program of study
Provide transcripts and tuition receipts from your program
Provide a recent letter of reference from a credit union, coach or other individual that speaks to your community involvement and shared credit union values

*Please note: graduate and post-graduate students are not eligible

**Applicants attending accredited private institutions will only be considered if their chosen program is not available at a public institution. In this case, applicants must provide a statement as to why they are not attending a public institution, as well as a receipt for tuition.

Which schools & programs are eligible

Academic, vocational, technical, or technological programs at a public Canadian post-secondary school*.
*Applicants attending accredited private institutions will only be considered if their chosen program is not available at a public institution.

How to get a bursary

The application period for a Credit Unions of BC bursary is open three times a year:

Winter: Jan 1 – Feb 15
Spring: May 1 – June 15
Fall: Sept 1 – Oct 15

Ready to apply? Submit your bursary application

Scholarships & bursaries FAQ

What are bursaries?

You can think of bursaries as a financial helping hand. They’re designed to help students in financial need cover school costs. These can include tuition, living expenses, textbooks, and other course materials.

What are scholarships?

While bursaries help those in financial need, scholarships often consider students’ accomplishments as well. This can include:

Academic excellence – getting high grades in your studies.
Merit-based – achieving great things in sports, art, music, or other extra-curricular activities.
Community involvement – making a positive impact in your community.

It all depends on the scholarship you’re applying for.

Are bursaries and scholarships taxable in Canada?

High school bursaries and scholarships are not taxable in Canada.

Post-secondary scholarships and bursaries are also not typically taxable, as long as you meet certain criteria:

You must be studying at a recognized post-secondary school approved by the Canada Revenue Agency (CRA).
You must be working towards a degree, diploma, or certificate.
The money you get must be meant for educational expenses, such as tuition, mandatory fees and required course materials.

Note: if your bursary or scholarship includes money for costs like living expenses, these amounts may be taxable.

Hear what our members have to say

Katrina Heinonen

“My first memories of Gulf & Fraser were going into the branch… I liked going—and still do. It is always a positive experience. Everybody is so friendly and helpful.”

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