The Iowa Credit Union Foundation (ICUF) recently awarded $5,750 to four high school students and two college students as recipients of its Warren A. Morrow Memorial Scholarship.
“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 Memorial Scholarship. This year’s awardees submitted inspiring essays on the benefits of higher education and the positive impact credit unions play in their financial lives.”
Applicants were required to complete an online entry form and answer an essay question in no more than 500 words, which was designed to encourage participants to learn about the credit union movement and its mission. This year’s question was:
What are the long term benefits education will have on your financial independence and well-being? How can your credit union play a role in your financial future?
The winners were selected out of more than 400 applicants based on originality, clarity and meaningful content, among other criteria.
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.