Scholarship Program

Scholarship Program

In 2019 the United Credit Union announced that they opened a new scholarship program for post-secondary students. To qualify the applicants must be under the age of 27, have a minimum cumulative college GPA of 3.0, and show proof of enrollment required as a full-time or part-time student at an accredited institution; university, community college, trade school or vocational school.

The United Credit Union is proud to award 2020's scholarship to Alysson Foos. Alysson's intended field of study is social work and psychology at Tabor College in Hillsboro, Kansas where she maintained a 4.0 GPA. Not only was Alysson highly active during high school, but during her freshman year in college she continued being involved in clubs and activities including cheerleading. Applicants also had to write an essay and this year's essay was: "As a credit union member, explain why someone should choose a credit union as their financial institution over alternative service providers, such as for-profit banks?"
Alysson's essay was:

Manager Sandy Reinert with Alysson Foos

"Why Credit Unions?

Everyone who goes to the doctor's office wants to have a relationship with their doctor. They want their doctor to be able to explain things in terms they understand and they want a say in what they should do going forward. The same can be said when dealing with money. We want to have a trusting relationship with our bankers. We want to understand what is happening to our money and we want a say in how it is used. A better sense of community, fewer complications, and more flexibility are just a few of the reason people should choose a credit union as their financial intuition.

Credit unions have a better sense of community because they are often smaller than most banks and they are operated by the people. Credit unions' goals are to support those around them. The employees at credit unions take the time to develop a relationship with the customers. They take the time to make sure their customers feel valued by cutting out pictures of them they see in the newspapers, offering cookies as they walk in, and giving stickers and dogs treats out through the drive-through. Most employees know the names of every single person that has an account, even if they don't' work directly with the individual who has the account. Credit unions are also very good at explaining what is going to happen.

They use terms that are easy to understand and their plans are very simple. Credit unions don't have a reoccurring withdrawal fee like most in-profit banks. This could save customers hundreds of dollars each year. Credit unions also have a slightly higher interest rate on personal accounts, allowing the customer to gain more than they would at a bank. Credit unions also tend to have lower rates. This makes it easier for people to take out a loan to buy a car or house. Credit unions are also more willing to work with individuals who have financial troubles. They want people to understand where, how and why their money is being spent.

Credit unions are member-driven. They want the best for their customers so they develop a sense of community that can't be found anywhere else and plans that are unmatchable. They develop relationships with their customers, have fewer complications, and allow the customer to have more flexibility with their money. Individuals should choose credit unions as their financial institution because they operate for the people. "

Congratulations Alysson on being this year's scholarship winner!