(Somerville, MA) Naveo Credit Union’s Scholarship Committee awarded three scholarships of $1,000 each to local students during their Annual Meeting. Scholarship recipients for the 2018-2019 school year were John Da Silva of Somerville, Victoria Raschi of Medford and Charles Casey Rideout of Cambridge. Scholarship recipients are anonymously selected based on financial need, scholastic merit as well as community and school involvement.

“At Naveo Credit Union, we strongly believe that education is a very important step in creating a solid foundation in a person’s successful future. We proudly present the Carlos Faria & Victor Da Silva Memorial Scholarship awards to further assist our members in building that foundation for success. We would like to congratulate the recipients of this year’s scholarships and we would like to thank all of the applicants for participating. Naveo Credit Union wishes everyone the best and much continued success in their academic journey ahead, commented Paul Ferreira, scholarship committee chair.

Named after former board members for their dedication to education, the Carlos Faria and Victor Da Silva Memorial Scholarship Fund has been a part of the Credit Union since the 1980’s.