Center for Financial Empowerment Awards $14,000 in Scholarship Money to Local Teens
Recipients include students from Los Angeles, Baldwin Park, Duarte and OntarioAug 07, 2013 | News & Press
FOR IMMEDIATE RELEASE
Contact: PCGCampbell – Mirka Illasova (424) 903-3641 (firstname.lastname@example.org )
IRWINDALE, Calif. (August 7, 2013) – The Center for Financial Empowerment, formerly SCE Federal Credit Union Foundation, has awarded a total of $14,000 to 19 college-bound young adults in the greater Los Angeles area. Established in 2010, the Center’s scholarship program has contributed $55,000 overall to help local students reach their academic goals.
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 participated in a course.
“The goal of this scholarship program is to give an extra boost to students who have demonstrated the ability to make smart financial choices, are involved in the community and have high career aspirations,” said Abby Ulm, Center Director. “This year’s recipients are pursuing a diverse selection of careers, including nursing, medicine, pharmacology, cosmetic engineering, underwater welding, music production, live theater management and even a tattoo artist who wants to own a chain of stores for tattoo services.
“College tuition is expensive and each of these students, who are limited financially, still shows passion, enthusiasm and determination to achieve success.”
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. By 2030, annual public tuition will be $44,047. The total cost for a four-year degree will be more than $205,000.
“Our Board is pleased to award these students with some money for college – and is also inspired and hopeful for the future – having seen a glimpse of the ambition, drive and potential in the upcoming generation,” said Ulm.
The majority of scholarship recipients were accepted to a university in the highly-competitive UC school system.
Below are the 2013 Center for Financial Empowerment scholarship recipients.
$1,000 scholarships were awarded to:
Brandon Brown (Baldwin Park, CA going to UCLA)
Monica DeLoera (Baldwin Park, CA going to UC Irvine)
Iridian Duran (Baldwin Park, CA going to UC Irvine)
Andres Garcia (Baldwin Park, CA going to UC Berkeley)
Jasmine Rios (Baldwin Park, CA going to UC Santa Barbara)
Laura Cortez (Duarte, CA going to UCLA)
Ashley Nunez (Duarte, CA going to Cal State Long Beach)
Liane Lancaster (Fort Irwin, CA going to ASU)
Cheyenne Romero (Ontario, CA going to UC Riverside)
$500 scholarships were awarded to:
Alejandro Alarcon (Baldwin Park, CA going to UC Irvine)
Ysela Galindo (Baldwin Park, CA going to Cal State Fullerton)
Zhiqing Lin (Baldwin Park, CA going to UC Irvine)
Erica Martinez (Baldwin Park, CA going to Azusa Pacific University)
Eliana Velasco (Baldwin Park, CA going to USC)
Zanae Jackson (Fontana, CA going to Cal State San Bernardino)
Ollin Santos (Los Angeles, CA going to UC Riverside)
Jesus Lopez (Ontario, CA going to Mt. San Antonio College)
Sara Cuviello (Westminster, CA going to UC Riverside)
Brittany Modesto (Whittier, CA going to Willamette University)
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.