DES MOINES, Iowa (8/30/12)--The Iowa Credit Union Foundation (ICUF)'s annual "Family Involvement Board (FIB) Scholarship" has been renamed the "Warren A. Morrow Memorial Scholarship" in celebration of Morrow's life and achievements in Hispanic culture and the credit union industry.
Morrow was CEO of Coopera Consulting until his death earlier this year.
"Warren dedicated his life and career to helping the underserved, so this name change is extremely fitting," said Marybeth Foster, ICUF executive director. "He valued education and wanted people to have opportunities. He also strongly believed in the credit union movement as the avenue for financial advancement for many."
The scholarship provides $5,750 in awards to six Iowa students through two scholarship programs.
The first is a scholarship for high school seniors graduating in 2013. The high school scholarship competition will award $3,750. The first place prize is $1,500, second place is $1,000, third place is $750, and fourth place is $500.
The second program is a post-high school scholarship, open to any person entering or attending an accredited undergraduate, graduate or vocational program. Two $1,000 scholarships will be awarded in this category.
Applicants must complete the entry form found on foundation's website and are required to answer one question in 500 words or less. This year's essay question is:
"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?"
Judges will base their scores for the essay on originality, clarity, meaningful content, accurate presentation of facts, adherence to contest rules, spelling, grammar and punctuation. The deadline for applications is Feb. 1. Winners will be notified via mail by April.