C1st Awards $1,500 ICUF Warren A. Morrow Scholarship to Macy Schulz
posted on Friday, April 16, 2021 in Announcements
Macy Schulz of Community 1st Credit Union, Pella, Iowa was awarded a $1,500 Warren A. Morrow Memorial Scholarship in the high school category, presented through the Iowa Credit Union Foundation (ICUF) each year to credit union members who are pursuing higher education.
Applicants were asked to complete the designated online entry form and answer an essay question in no more than 500 words. This year’s question was:
The COVID-19 pandemic has had a devastating effect on personal health and financial well-being for many in our community. Thousands of Iowans have lost jobs or experienced reduced work hours, highlighting the critical need for access to emergency savings. Please share strategies that encourage or incent savings and how your credit union can assist. Consider sharing personal examples in this essay.
“Personal financial responsibility is something we talk about often in my family. Being debt-free and financially stable is a goal of mine.” Wrote Macy Schulz in her response to the essay question. She continues writing, “Lessons on savings and responsible spending I have gained will ensure I can weather storms, like pandemics and other challenges I will face in life… I can’t imagine how stressful that would be if you didn’t have an emergency saving account.”
Thanks to the generous contributions and increased donor support from the Iowa Credit Union community in 2020, the Iowa Credit Union Foundation awarded 12 scholarships totaling $23,000 this year.
“The mission of the Iowa Credit Union Foundation (ICUF) is to empower people and communities to achieve financial well-being by championing the credit union philosophy of people helping people,” said Jaimie Miller, Executive Director, ICUF. “We do this through critical programs such as the Warren A. Morrow Memorial Scholarship. This year’s scholarship finalists demonstrated a strong passion for their credit union and outstanding knowledge on the essay topics.”
Community 1st Credit Union is a not-for-profit financial cooperative with more than $900 million in assets. The credit union, established in 1936, serves more than 61,000 members.
C1st has more than 250 employees and is headquartered in Ottumwa. The credit union has branches in Albia, Bloomfield, Cedar Rapids, Centerville, Chariton, Fairfield, Grinnell, Indianola, Knoxville, Mount Pleasant, Oskaloosa, Ottumwa, Pella, and Washington. And Osceola scheduled to open this summer.
For more information, call 866.360.5370 or visit c1stcu.com.