2023 LAFCU Scholarship winners honored
LOS ANGELES, CA (June 12, 2023) — Winners of the Los Angeles Federal Credit Union’s (LAFCU) 2023 Jack C. Mathews College Scholarship competition were honored at a special presentation June 7 in the credit union’s boardroom. Richard Lie, LAFCU President/CEO, awarded $2,000 to each of the six high school or college students pursuing higher education in the Fall of 2023.
Applicants were evaluated on their academic transcripts, letters of recommendation, extracurricular activities, community service, and an essay on the following topic: “What is your college major and why did you choose it? How would you apply what you will learn from your field of study to improving society and your community?”
Selected from 67 qualified entries, the winners will attend Stanford, University of California (Irvine, Riverside or Los Angeles), USC, or Utah Tech University. The scholarship is named in honor of the late Jack C. Mathews, who worked for the City of Los Angeles 40 years and served 34 years as a volunteer on the LAFCU credit union board.
Anyone who lives in the Greater Los Angeles Metropolitan area 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.
Scholarship Winners: The six winners of $2,000 each from the 2023 Jack C. Mathews scholarship competition from Los Angeles Federal Credit Union (www.LAFCU.org) posed with LAFCU executives on 6/7/23. From left to right, Anthony Curatolo, Chester Cahill, Prince Nwalozie; Anthony Cuevas, Exec.VP/COO; Richard Lie, President/CEO; Nathan Pa, Leah Gomez, and Gerard Parades.
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.
