College-bound students can apply for up to $20,000 in scholarships thanks to Golden 1 Credit Union, which is doling out $400,000 to applicants this year, the company announced.

"Our scholarship program is one of the many ways Golden 1 invests in future leaders across California," said Erica Taylor, Vice President of Communications and Community Relations. "At Golden 1, we are committed to helping our members and their families achieve their dreams and encourage them to apply."

The application period ends Jan. 18, 2018.

Golden 1 Scholarships provide members and their dependents up to $20,000 to attend full-time accredited, nonprofit colleges and universities in California. Recipients are selected based on their academic achievements, community involvement, extracurricular activities, and their educational and career goals.

Eligible applicants must have earned a 3.0 or higher grade point average, maintained involvement in extracurricular activities for a minimum of 24 hours over the last year and be a current Golden 1 member or dependent of a member for a minimum of one year.

Since 2013, Golden 1 has invested more than $2 million in total scholarship funds to 161 well-deserving students.

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