On October 11, 2006, FEEA and the National Treasury Employees Union (NTEU) announced the creation of a new component to FEEA's annual scholarship contest - the FEEA-NTEU Scholarships.

Thanks to more than $700,000 donated to FEEA by NTEU as a result of unused administrative funds from a special rates case, FEEA was able to endow a scholarship fund, which will provide at least seven scholarships of $5,000 each as part of FEEA's annual scholarship program.

Students compete for the FEEA-NTEU scholarships with the same application they submit for FEEA's regular scholarship program. The judging committees in each of FEEA's 27 regions submit their top two winners to the FEEA-NTEU judges who choose seven or more of those applicants as winners of an additional $5,000 for that academic year. All applicants eligible for FEEA's annual contest are also eligible to win a FEEA-NTEU Scholarship.

In February 2010, FEEA and NTEU announced the formation of the Vernon Hunter Scholarship Fund as a component of the FEEA-NTEU program.  Donations will fund a $5,000 scholarship in honor of Mr. Hunter, a Vietnam veteran and 27-year IRS employee who lost his life when a rogue pilot flew his single-engine plane into an Austin, Texas, office building housing employees of the IRS.  The Hunter Scholarship will be awarded as part of the existing program.