Center for Financial Empowerment Names its First Scholarship Recipients from Las Vegas
Now in its fourth year, the scholarship program provides assistance to financially-savvy teensAug 07, 2013 | News & Press
FOR IMMEDIATE RELEASE
LAS VEGAS, Nev. (August 7, 2013) – The Center for Financial Empowerment, formerly SCE Federal Credit Union Foundation, has awarded $2,000 in scholarship money to three recent high school graduates from Las Vegas. This is the first year the Center has invited applicants from Nevada to participate in the scholarship program, which was established in 2010.
The recently renamed non-profit Center, founded by SCE Federal Credit Union in 2005, offers financial literacy courses to high school students and provides scholarships to career-oriented students who have completed a course, as well as demonstrated leadership qualities and strong ties to their communities.
“College tuition is expensive. Each of these students, who are from low-income families, is receiving very little financial help for college from their parents, yet still shows passion, enthusiasm and determination to reach their educational and career goals,” said Abby Ulm, Center Director.
According to the U.S. Department of Education, the average annual cost of public school has increased 6.5 percent each year over the last decade. That means that by 2030, annual public tuition will be $44,047. The total cost for a four-year degree will be more than $205,000.
Below are the 2013 SCE Federal Credit Union scholarship recipients.
$1,000 scholarship was awarded to:
Elizabeth Brown (Las Vegas, NV going to College of Southern Nevada)
$500 scholarships were awarded to:
Patricia Cervantes (Las Vegas, NV going to College of Southern Nevada)
Ashantii McMorris (Las Vegas, NV going to Lincoln College of Technology)
The Center for Financial Empowerment is a non-profit 501(c)(3) charitable agency whose mission is to educate underserved youth and families in the principles of personal finance. The Center partners with schools and community organizations in Southern California and Southern Nevada to offer financial education, assistance, and improvement programs, giving people the power to make better financial choices and achieve an improved quality of life. Formerly called the SCE FCU Foundation, the Center changed its name in July 2013, to position itself for future growth.
ABOUT SCE FCU (www.scefcu.org)
SCE Federal Credit Union was founded in 1952 and currently has more than 46,000 members, $600 million in assets, several Southern California and Southern Nevada branch locations, thousands of shared branch locations across the United States and nearly 30,000 surcharge-free ATMs available to members.
SCE FCU serves all of Southern California and Southern Nevada, with membership open to individuals and businesses, and is a not-for-profit entity committed to improving the financial well-being of the communities it serves, especially people underserved by mainstream financial institutions. With a strong commitment to volunteerism, employees donate hundreds of hours to local community causes each year. Additionally, the creation of the Center for Financial Empowerment, formerly the SCE FCU Foundation (www.scefcufoundation.org) provides much-needed financial education to the underserved and high schools in Las Vegas, Nevada and in Duarte, Baldwin Park, Ontario and Lynwood, Calif.