OTTUMWA, IA – John Klopfenstein of Mount Pleasant was awarded second place and a $1,000 Warren A. Morrow Memorial Scholarship in the Iowa Credit Union Foundation’s 2014 scholarship essay competition.
Community 1st Credit Union Mount Pleasant branch manager Mark McKinley recently presented the award to the May graduate to further his education.
The ICUF annually receives more than 300 applications for the six Morrow scholarships totaling $5,750. The awards go to four high school students and two post-high school students. Each applicant is writes a 500-word essay detailing their understanding of personal finance and the vital role credit unions play.
Winners were selected by a panel of judges including teachers and credit union professionals. The essays were judged on originality, clarity, meaningful content, accurate presentation of facts, adherence to contest rules, spelling, grammar and punctuation.
“The mission of the ICUF is to help Iowans build wealth, responsibility and independence,” said Jaimie Miller, executive director of the ICUF. “We do this through critical programs such as the Warren A. Morrow Scholarship. The six scholarship finalists demonstrated outstanding knowledge around the topic of financial literacy and we are proud to award them with funding to support their higher education.”
The scholarship was named in celebration of Warren A. Morrow’s life and achievements. He was a visionary in the credit union industry and Hispanic community, who passed away unexpectedly in 2012 at the age of 34.
Community 1st Credit Union is a not-for-profit financial cooperative with more than $500 million in assets. The credit union, established in 1936, serves more than 50,000 members.
C1st has more than 190 employees and is headquartered in Ottumwa. The credit union has branches in Albia, Amana, Bloomfield, Cedar Rapids, Centerville, Chariton, Fairfield, Grinnell, Indianola, Mount Pleasant, Oskaloosa, Ottumwa, Pella and Washington.