BLOOMINGTON, Ind. (10/14/15)--Indiana University CU, Bloomington, Ind., has donated $250,000 to Indiana University (IU) in support of a scholarship program that will serve undergraduate students in financial need.
The scholarship, available to Indiana residents, is part of a $2.5 billion fundraising campaign spearheaded by the university’s IU Foundation and called “For All: The Indiana University Bicentennial Campaign.”
The endowment is the largest donation in the credit union’s history.
It means the credit union will “provide opportunities to those students whose lives can be greatly enhanced through the lifelong benefits of an IU degree,” said Scott Smart, Indiana University CU board chair.
Bryan Price, the credit union’s president/CEO, said the scholarship will allow Indiana University CU to “extend our tradition of supporting educational opportunities in our community.”
Added Dan Smith, president/CEO of the IU Foundation: “It is important that we never forget that this gift has the power to strengthen our communities by creating future generations of teachers, nurses and leaders. The IU Credit Union does so much good for so many, and with this gift, it has gone the extra mile to insure brighter tomorrows for all of us.”