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The Rupert McCoy Memorial Education Grant


In honor of the late Mr. Rupert McCoy, and his more than 30 years of service as a dedicated volunteer, ambassador and advocate for the Credit Union, the Annual Education Grant will now be called The Rupert McCoy Memorial Education Grant. Mr. Rupert was fully committed to not only the credit union movement and philosophy in the Cayman Islands, but also regionally and internationally. As a Credit Committee Chairman and Board Vice President, he assisted CICSA Co-op Credit Union by offering several tailor-made training courses for members and staff. It is in this spirit of service and dedication to improving knowledge and education, that we honour Mr. Rupert by offering students educational grants in his name.

If you are a Credit Union member in good account standing, or immediate family to a Credit Union Member, pursuing post-secondary studies or technical and vocational training either locally, overseas or online, Our Credit Union invites you to apply for The Rupert McCoy Memorial Education Grant.

The deadline to submit your completed application via the online form is 11:59pm, 15 May 2020. (This is an extension from the original 30 April deadline.)

Annual education grants have been awarded by the Credit Union for 26 years (since 1994), providing more than KYD $2 million dollars in grants to Credit Union members. Last year (2019), the programme awarded over KYD $200,000 in monetary grants to 166 successful member applicants.

At the 2019 AGM, the Credit Union Members voted to increase the educational grant amount from KYD$200,000 to KYD$300,000 in order to expand grant opportunities to those seeking to pursue technical and vocational training. This in an opportunity for Members as young as 17 and older to pursue tertiary, technical and vocational studies overseas, locally or online.

Grant recipients are selected based on their academic record, character references, and area of study. The Rupert McCoy Memorial Education Grant is one of the many benefits offered to Member-owners of the Credit Union and is intended to provide an opportunity for our people to fulfill their education and career goals. 

“The Credit Union differs from other financial institutions in that we put our members first. We provide affordable financial services and significant opportunities for lifestyle advancement to all of our members. The Rupert McCoy Memorial Education Grant Programme exemplifies our core value proposition of ‘Members Helping Members’, and allows us to provide real help to students and their families to achieve their educational goals,” - Michael Nixon, Chairman of the Credit Union’s Board of Directors.

How Do I Apply?

  1. Download and carefully review the grant Eligibility Criteria Details and Required Documents Checklist to help you ensure you gather all requirements before you begin the online application form (see button link below).
  2. Complete the application form via the online Rupert McCoy Memorial Education Grant Application Form (see button link below). Please note that handwritten or scanned emailed forms will not be accepted.
  3. After completing the online form, submit ALL other required documents to the email below.
  4. Contact us by email or phone to answer questions/get clarification before you submit your application.

Important Tips

  1. Make sure you read and understand the criteria carefully.
  2. Make sure your application is complete and not missing any information.
  3. We are accepting applications online only this year—no handwritten or scanned email applications.
  4. Student photos, in passport-style, may also be submitted as an image attachment to the email below.
  5. Use the checklist to be sure you haven’t forgotten anything.

Education Grant Criteria & Document Checklist     Education Grant Application Form 



  • Email Inquiries & Application Document Submission:
  • Phone Inquiries: 1-345-949-8415. (Ask for the Educational Grant Administrator)