1st Financial Federal Credit Union (Wentzville) announced the winners of the 2012 1st Financial Federal Credit Union Horizon and Right Stuff scholarships.
For 13 years 1st Financial Federal has awarded a $1,000 scholarship to a graduating high school student to be used at the college or university of their choice. The Horizon scholarship is given to a student who is a member at 1st Financial Federal with an exceptional academic history and evidence of a strong presence in their school and community. The applicants are also asked to write a short essay concerning how credit unions are a better choice for consumers. This year the Horizon Scholarship was awarded to Shannon White, a graduating high school senior from Orchard Farm High School and 1st Financial Federal Credit Union member. Shannon plans to attend Drake University this year with an anticipated focus in neuroscience and biology.
The 1st Financial Right Stuff Scholarship is awarded to an attending college student and 1st Financial Federal Credit Union member between the ages of 19 and 24. Applicants were asked to write an essay based on the impact of credit unions on the United States economy, as well as present evidence that they are involved in community and school activities with a strong focus on academic achievement. The $1,000 scholarship was awarded to Andrew Sperry of Lake St. Louis. Andrew attends Washington University, St. Louis and expects to graduate with a degree in Political Science by May of 2014.
In his essay, Andrew wrote “In an era of failures and large scale consolidations in the banking industry, credit unions are more relevant today than at any other point in their 105 year history." He went on to add, “Credit unions have historically offered some of the lowest loan rates available for members looking to buy a new or used vehicle…Their benefits extend beyond their membership to the community and nation at large."
Frank Nelson, CEO and President of 1st Financial Federal Credit Union recently said, “Supporting college students today helps build future leaders of business for tomorrow. As a credit union, we feel strongly about financial education and literacy.” 1st Financial Federal Credit Union utilizes many tools, such as the StepOne Checking and Savings account, specifically for teens, to stress the education of managing money. Empowering and cultivating young adults with financial education is merely the first step in ensuring that they are able to make sound and valuable financial decisions as they mature into adulthood.
Photo Caption: Frank Nelson, president/CEO of 1st Financial Federal Credit Union presents Shannon White with Horizon scholarship.