2020 LAFCU Scholarship winners honored
LOS ANGELES, CA (June 25, 2020) — Los Angeles Federal Credit Union (LAFCU) recently awarded $11,000 in its 2020 Jack C. Mathews College Scholarship competition. The winners included two high school & three college students pursuing higher education in the fall of 2020, and to one teacher, a repeat winner, who won in 2019. Due to the Covid-19 pandemic, all recipients were honored during a Zoom video conference on June 8. Richard Lie, LAFCU’s President/CEO, presided over the meeting, with the LAFCU readers of the scholarship entries also in attendance.
Mr. Lie congratulated each scholarship winner and complimented them on their impressive essays and dedication to community service. The recipients were invited to introduce themselves and to share what they planned to do with their scholarship money as well as what colleges they planned to attend. LAFCU has been offering scholarships for 11 years and has given out $80,000 to 70 deserving students and 5 teachers. The “Jack C. Mathews Scholarship” is named after a man who worked for the City of Los Angeles over 40 years and served as a volunteer on the credit union board for 34 years.
Applicants were evaluated on their academic transcripts, letters of recommendation, extracurricular activities, community service, and essays. Despite 2020 being a challenging year with everyone learning to adjust to social distancing and social learning, LAFCU received 36 scholarship entries, showing how important their scholarship competition continues to be.
Anyone who lives in most counties of Southern California can join LAFCU and take advantage of its financial services. For details, visit www.LAFCU.org, or call (877) MY LAFCU (695-2328), or visit a branch.
One of the winners of a Jack C. Mathews Scholarship for 2020 at Los Angeles Federal Credit Union, Taylor Kim, proudly displayed her scholarship check while wearing UCLA gear – the college she will attend this year.
About LAFCU (CA)
LAFCU was founded in 1936 by 13 Los Angeles City Employees to give fellow employees a safe, low-cost, and convenient source to borrow and save money during the height of the Great Depression. They gathered $65 to form the “Los Angeles City Employees Federal Credit Union.” In 1987, the name changed to Los Angeles Federal Credit Union to reflect a growing field of membership, which started to include immediate family members of City employees and individuals who lived in the same household as a current member. In 2006 LAFCU expanded its field again to include residents living in most counties of Southern California by establishing the Los Angeles Charitable Association, Inc. (LACA). LACA is a 501(c)3 nonprofit charity that donates and supports charities in the greater L.A. area that since 2006, has donated over $500,000 to those charities.
Now, 85 years after its initial deposit of $65, LAFCU manages $1.2 billion in assets, has 71,000 members, staffs seven branches, and its members can access a nationwide network of 30,000 CO-OP ATMs and 5,000 shared branches.
Anyone living in most counties of Southern California can join LAFCU and take advantage of its financial services. For details, visit www.LAFCU.org, call (877) MY LAFCU (695-2328), or visit a branch.
