DES MOINES, Iowa (6/3/14)--The Iowa Credit Union Foundation (ICUF) distributed $5,750 in scholarships to four high school students and two post-secondary students as part of the 2014 Warren A. Morrow Memorial Scholarship program.
Each applicant was required to complete an entry form and write a 500-word essay answering the question:
Financial literacy is now part of Iowa's Department of Education's core curriculum. What are the most important aspects of money management that should be taught when it comes to savings, checking, borrowing or investing for the long term? How can credit unions help you and others with financial education?
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.
"The mission of the Iowa Credit Union Foundation is to help Iowans build wealth, responsibility and independence," said Jaimie Miller, ICUF executive director. "We do this through critical programs such as the Warren A. Morrow Scholarship. The six scholarship finalists demonstrated outstanding knowledge around the essay topic of financial literacy and we are proud to award them with funding to support their higher education."
High school winners included:
- First place ($1,500): Jace Holton, Veridian CU, Waterloo, with $2.4 billion in assets;
- Second place ($1,000): John Klopfenstein, Community 1st CU, Ottumwa, with $475 million in assets;
- Third place ($750): Nicole Schrader, Linn Area CU, Cedar Rapids, with $309 million in assets; and
- Fourth place ($500): Brittany Gilkes, DuTrac Community CU, Dubuque, with $571 million in assets.
Post-secondary winners ($1,000) each, included:
- Cally Bengston, Veridian CU; and
- Emily Bruns, Cedar Falls Community CU.
The Warren A. Morrow Memorial Scholarship was named in celebration of Morrow's life and achievements in the Hispanic and credit union industries. Morrow passed away unexpectedly in 2012 at the age of 34.
He founded Coopera, a full-service Hispanic growth firm that provides custom solutions for credit unions nationwide to grow by reaching and serving the Hispanic market, 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.