UW Credit Union Continues Support of Higher Education with $125,000 Contribution to UW-Madison Chancellor’s Scholarship Program
MADISON, WI - July 18, 2018 - As students prepare their fall college plans, UW Credit Union continues its support for access to higher education. UW Credit Union has started a new Chancellor’s Scholarship Endowment Fund with a gift of $125,000 to bridge financial gaps for outstanding students pursuing educational goals at the University of Wisconsin-Madison. The contribution to the University of Wisconsin-Madison Chancellor’s Scholarship Program through this fund assists students who might not have the financial means to continue their education.
“We’re honored to create another way to help students further their education at the University of Wisconsin,” says Paul Kundert, President and CEO of UW Credit Union. “Our new endowment fund continues our decade-long tradition of awarding scholarships annually to deserving students, helping them reach their potential through the world-class instruction and academic excellence that University of Wisconsin System schools offer. It’s exciting to see their achievements and know that we were instrumental in helping them attain their academic goals.”
The University of Wisconsin-Madison Chancellor’s Scholarship Program assists academically talented ethnic minority scholars and individuals from underrepresented groups. Students receive a financial award with the scholarship and are also guided with advising, leadership development and mentorship.
After establishing a fund for scholarships in 2008, UW Credit Union began its contributions to the Great People Scholarship Program, providing students access to educational opportunities that lead to a lifetime of personal enrichment. Recipients who receive financial assistance from the fund would otherwise be unable to attend college due to financial obstacles. “Without the assistance from these scholarships, I would not be a student at UW-Madison, plain and simple,” says Great People scholarship recipient Alyssa Hui, who studies journalism and mass communication. “There is no way that my family or I could afford the out-of-state tuition for UW-Madison. I am extremely appreciative for the opportunities these scholarships have provided. There are no words to express how thankful I am to be a student at UW-Madison.”
Generous contributions to programs like the Great People Scholarship are made possible with an endowment fund balance of more than $1.5 million. This makes UW Credit Union the largest fund holder in the program, ready to provide merit and need-based scholarships to students who face economic challenges.
In total, UW Credit Union has contributed more than $1 million to University of Wisconsin Foundation scholarships since 2008, presenting 225 scholarships to students valued at over $410,000 since 2010.
About UW Credit Union
UW Credit Union is a growing, federally insured financial institution and a leading provider of a full range of financial services to University of Wisconsin communities. UW Credit Union's over 600 employees serve the financial needs of more than 245,000 members through world-class technology systems, and through a convenient network of 26 branch locations and over 100 ATMs. With assets totaling $2.6 billion, UW Credit Union is ranked nationally among the leading credit unions. Founded more than 85 years ago by members of the University of Wisconsin community, UW Credit Union continues to operate as a not-for-profit, member-owned financial cooperative with locations in the Madison, Milwaukee, Stevens Point, Green Bay, Oshkosh, Whitewater and La Crosse areas.