Iowa Credit Union Foundation Awards $5,750 in Scholarships to Six Iowa Students
Des Moines, Iowa—The Iowa Credit Union Foundation (ICUF) is pleased to announce the winners of its 2013 Warren A. Morrow Memorial Scholarship program. A total of $5,750 in scholarships was given to four high school students and two post-high school students to further their education. The scholarship program received a record-breaking 485 applications.
Each applicant was required to complete an entry form and write a 500 word essay on the following question:
Given the fragile state of our national economy, with record unemployment and deficits, describe how having an
emergency savings account is more crucial than ever. How might someone utilize their credit union to focus on saving?
Winners were selected by a panel of judges including teachers and credit union professionals. Scores on the essay were based on originality, clarity, meaningful content, accurate presentation of facts, adherence to contest rules, spelling, grammar and punctuation.
“ICUF has a long history of actively supporting Iowa credit unions and their communities,” said Marybeth Foster, Executive Director of ICUF. “It’s crucial we educate our youth on how to properly manage their finances now and in the future and our hope is that these six scholarship winners will become compelling examples that financial knowledge pays off.”
High School Winners:
- 1st Place ($1,500): Brandon Walls, DuTrac Community Credit Union (Dubuque)
- 2nd Place ($1,000): Tyler Hovey, Alliant Credit Union (Dubuque)
- 3rd Place ($750): Travis W. Prizler, Linn Area Credit Union (Cedar Rapids)
- 4th Place ($500): Dakota R. Taylor, Premier Credit Union (Des Moines)
Post-High School Winners:
- Samantha Gaffney ($1,000): Veridian Credit Union (Waterloo)
- Nolan Baker ($1,000): Cedar Falls Community Credit Union (Cedar Falls)
The Warren A. Morrow Memorial Scholarship was named in celebration of Morrow’s life and achievements in the Hispanic and credit union industries. Morrow was a visionary in the credit union industry and Hispanic community, who passed away unexpectedly in 2012 at the age of 34. Warren founded Coopera in 2006 in partnership with the Iowa Credit Union League. In 2007, Warren helped secure funding for ICUF, including its Individual Development Account program to help low-income families build financial assets.
More information about the scholarship can be found on www.IowaCreditUnionFoundation.org.
About the Iowa Credit Union Foundation
Founded in 1995 as the philanthropic arm of the Iowa Credit Union League, the Iowa Credit Union Foundation’s (ICUF) primary focus is to eliminate poverty in the state of Iowa. ICUF seeks to carry out its mission to help Iowans build wealth, responsibility and independence through its various programs, grants and scholarships. For more information, visit www.IowaCreditUnionFoundation.org.