Workers Credit Union offers scholarship program funded by retired employee
LITTLETON, MA (September 30, 2019) — Workers Credit Union is pleased to announce its new scholarship program funded in part by retired employee, Herbert White. Herb, who devoted 41 years of his banking career to Workers, donated the funds to the credit union, which will match his donation.
“Years ago, Workers invested in my education by helping with my Bachelors and my Masters in Business Administration from Fitchburg State University. It was important for me to pay it forward and support further investments in education” said Herb.
The Herbert White Scholarship Fund will launch in early 2020, with applications available for the children of Workers Credit Union and Workers Insurance Group employees. Each year, several students will be selected to receive gifts and the remaining funds will be endowed to ensure scholarships are available for years to come.
“Investing in not only our employees, but their children as well, is an important element of the Workers Way. We truly believe that education is the cornerstone of a bright future so we were delighted when Herb approached us to propose setting up this scholarship” said Douglas Petersen, President & CEO of Workers Credit Union. The credit union decided to match Mr. White’s donation in order to increase the number of scholarships awarded each year.
Herb began his employment with Workers Credit Union in 1976 working in personal lending. Through the years, he held various positions at the credit union before retiring as an Assistant Vice President, Business Development Officer in 2017 after 41 years of service. Herb White currently resides in Fitchburg, MA and volunteers often with the Salvation Army.
Herb White sits with WCU Pres Doug Petersen.
About Workers Credit Union
Workers Credit Union, a member-owned and member-focused $2.4 billion credit union, is building the financial wellness of its more than 120,000 members through coaching, products and support that empowers them to build a better life for themselves and their families. Headquartered in Littleton, MA, Workers Credit Union has been serving communities in Massachusetts for more than 100 years. Workers Credit Union recently adopted a national charter that enables it to serve a broader set of members wherever they live. Workers Credit Union is a Community Development Financial Institution and Low-Income Designated Credit Union.
