DES MOINES, Iowa (12/18/12)--The Iowa Credit Union Foundation (ICUF) has renamed its Family Involvement Board Scholarship program the Warren A. Morrow Scholarship program.
Warren Morrow, the late CEO and founder of Coopera, a consulting organization that helps credit unions reach Hispanic markets, died unexpectedly in February. Morrow was instrumental in ICUF's ability to obtain a $428,323 grant that provided matching funds to launch Iowa's first Credit Union Individual Development Account program (News Now March 27).
"The Warren A. Morrow Memorial Scholarship will keep Warren's spirit alive by providing young adults and nontraditional students with education opportunities," said Marybeth Foster, ICUF executive director. "Without Warren, ICUF would not be where it is today."
The program includes two scholarship categories.
One category is for high school seniors with a projected graduation date of 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 category is the post- high school scholarship, which is open to any person who is entering or attending an accredited undergraduate, graduate or vocational program. This category will award two $1,000 scholarships.
Applicants must complete the entry form on IowaCreditUnionFoundation.org and answer this question in no more than 500 words: "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?"
Essay questions are designed to encourage learning about the credit union movement and its mission.
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.