We are ecstatic to announce that one of our very own Linn Area Credit Union members has won a $750 Warren A. Morrow Scholarship! Nicole Schrader just graduated from Linn-Mar and, we have to say, is wise beyond her years.
The Iowa Credit Union League received more than 300 applicants hoping to snag one of these coveted scholarships. Each applicant had to answer the following question:
What are the most important aspects of money management that should be taught when it comes to savings, checking, borrowing or investing for the long term? How can credit unions help you and others with financial education?
Nicole’s essay easily caught the judges’ eyes.
“When I turned 16, my parents helped me open a checking account. I have learned not only how to write out a check, but also to balance my account, track my spending, and review my statements for errors. I know I need to keep tract of my spending to ensure I do not spend more than I have in the account. High school is a good time to learn these skills, while parents are around to help. Once a student is away at college, a lack of these skills can result in money mismanagement problems like overdrafts.”
Nicole, we can’t express to you how proud you’ve made your Linn Area family! Congratulations and best of luck as you continue on your educational and financial journey -one we are excited to be part of for years and years to come!