In 2007, Community West Credit Union, in partnership with the Steelcase Retirees Club, established an annual scholarship award.  The scholarship was named after former CWCU board member and long-time Steelcase co-worker, Vern Hyde, to honor him for his dedication to the community and the credit union.

The Vern Hyde Scholarship is designed to acknowledge and reward outstanding efforts in leadership, volunteerism, and community involvement.  Three scholarships are awarded each year; two for high school seniors starting college in the fall and one for a current college student or an adult planning to return to college in the fall.  The entry period in between January 1 and March 31 each year.

The awards include:

First place high school senior:         $1,500 scholarship

Runner-up high school senior:         $  500 scholarship

Current college student winner:      $  500 scholarship