Veridian Credit Union® is offering scholarships to encourage students to increase their financial education. College students can earn a scholarship by showing how they are financially responsible.
- The Incoming Freshman Scholarship is open to any student classified as an incoming freshman enrolled in an accredited undergraduate or vocational program in the 2014-2015 academic year. One $1,000 scholarship and one $500 scholarship will be awarded.
- The Undergraduate Scholarship is open to any non-freshman student enrolled in an accredited undergraduate or vocational program in the 2014-2015 academic year. One $1,000 scholarship will be awarded.
- The Graduate Scholarship will award one $1,000 scholarship to a student enrolled in an accredited graduate program in the 2014-2015 academic year. One $1,000 scholarship will be awarded.
- Entrants must have a Veridian Credit Union account established in their own name and be a member in good standing at Veridian Credit Union.
- Veridian Credit Union staff and Directors and their immediate relatives are not eligible.
All entries must be received by February 7, 2014.
- Entrants are required to submit a business-style resume, computer typed on 8 ½ x 11-inch white paper. The resume should not exceed two pages in length, and, at a minimum, should contain the following information:
- Entrant's full name
- Phone number
- Educational information
- High school subjects emphasized
- Grade point average from the most recent two semesters or last three quarters
- ACT/SAT scores, if available
- Honors and awards
- Extracurricular activities (school and/or community activities)
- Work experience
- Future educational plans
- Entrants also should submit any past college education, major or degree, and overall grade point average
- Entrants are required to write an essay of approximately 500 words on the following
Financial literacy is now part of Iowa Department of Education’s core curriculum.
What are the most important aspects of money that should be taught when it comes to savings, checking, borrowing or investing for the long term?
How can your credit union help you and others with financial education?
- The essay must be the original work of the entrant.
- The essay must be typed or computer printed, double-spaced on white 8 ½ x 11-inch paper.
- Submission of essay identical to that submitted for the Iowa Credit Union League’s Warren A. Morrow Scholarship is permitted. To apply for the Iowa Credit Union League scholarship, visit iowacreditunionfoundation.org
- Judging will be conducted by a panel of judges selected from Veridian's Board of Directors and staff.
- Each judge will award a maximum of 60 points to the essay and a maximum of 40 points to the resume. Judges will base their scores for the essay on originality, clarity, meaningful content, an accurate presentation of facts, spelling, neatness, and grammar/punctuation. The resume will be judged on presentation, school and/or community involvement, and potential of the student to be successful in college. Entries will also be judged on adherence to contest rules.
- Results will be tabulated by Veridian’s Internal Auditor and will declare the winners. All decisions of the credit union are final. Winners will be announced in July 2014.
- All scholarship entries become the exclusive property of Veridian Credit Union and will not be returned.
- Recipients must begin studies during the 2014-2015 academic year.
- Incoming Freshman recipients must be enrolled as a full-time student at any vocational, trade, 2-year or 4-year college approved for the guaranteed student loan program. Undergraduate and Graduate recipients must be enrolled at an approved college, but are not required to be full-time.
- Scholarship funds will be forwarded when written verification is received from the college registrar where the student is enrolled. At that time, the winner’s check will be made payable to both the winner and the college and mailed to the winner.
- Funds are to be used only for tuition, room and board, and book and educational supply expenses.