American Heritage Credit Union awards thirty college scholarships

PHILADELPHIA, PA (June 5, 2019) — American Heritage Credit Union (American Heritage) is proud to ease the financial burden of college expenses by offering thirty $1,000 college scholarships to young credit union members. American Heritage Credit Union’s Scholarship Committee selected the 2019 scholarship recipients based on their scholarly merits, community and school involvement, a letter of recommendation, and a submitted essay describing from a financial standpoint, what impact would this scholarship have on their education.

A Scholarship Banquet was held at American Heritage’s Main Campus on May 14, 2019 honoring the deserving students and their families. Each winning scholar was presented with a $1,000 undergraduate college scholarship.

This year’s Scholarship Program was the first under its new title of Cecilia B. Grady Annual Scholarship Program, which honors American Heritage’s recently retired Chairperson, Cecilia Grady. Ms. Grady served on American Heritage’s Board of Directors for over 40 years and her dedication to financial literacy, education, and member satisfaction will be her legacy

“The cost of a college education increases year by year, and in most circumstances, it’s imperative to receive a college degree in order to attain these student’s dream jobs,” states Bruce K. Foulke, American Heritage President & CEO. “The future of our communities is coming out of college with more debt than generations before them. This is the reason we created our Scholarship Program; to support these student’s families and provide a path for students to chase their career aspirations. Congratulations to this year’s receipts of the American Heritage Scholarship Award.”

American Heritage President/CEO Bruce Foulke, Board of Director Members Juan Lopez,
Daniel Jones, Jennifer Hannigan and Ken Wong along with the recipients of the 2019 Cecilia B. Grady Scholarship Program.

About American Heritage Credit Union

American Heritage Credit Union is a member-owned financial cooperative with more than $4.8 billion in assets serving more than 800 Workplace Partners and more than 310,000 members, with more than 35 locations across Philadelphia, Bucks, Montgomery, Delaware, and Camden Counties. Founded in 1948, American Heritage Credit Union is now one of the top 75 largest credit unions in the United States and named Pennsylvania’s 2023 Best-in-State Credit Union by Forbes. For more information about American Heritage Credit Union please visit


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