Patriot Federal Credit Union’s Richard E. Baumunk Memorial Scholarship has been awarded to Grace Crider from St. Thomas, Pennsylvania.
Crider, a recent graduate of Shalom Christian Academy, was selected from 18 applicants in the 2017 Baumunk Scholarship Competition. She will be attending Charleston Southern University beginning in the fall semester to study Music Therapy.
The scholarship competition is held each year for graduating seniors in the areas served by Patriot Federal Credit Union. The student must be planning to attend an institution of higher learning immediately after graduation. The winner receives a $2,500 scholarship awarded over 2 years, with the 2nd year’s distribution contingent upon a first year GPA of 2.5.
“As part of our commitment to our young members to help them create a better financial future, this scholarship honors a past board member who dedicated many years to help build Patriot,” said Brad Warner, President/CEO. ”Providing support to send a young adult on their way to college is a wonderful way to help share Mr. Baumunk’s belief in the spirit of financial freedom.”
To qualify for the scholarship, Crider met the requirements including being a member of Patriot, a 2017 high school graduate with a GPA of 2.5 or higher, having been accepted as a full-time student at an institution of higher learning and carrying 12 credit hours or more.
The applicants each submitted a 300 – 500 word typed essay entitled, “My Credit Union is Important to Me Because…” Judges for the scholarship included the son and daughter of Mr. Baumunk, David Baumunk and Marcia Johnston as well as Kevin Shoemaker, Member Financial Education Specialist at Patriot.