Bloomington, Ind.–Indiana University Credit Union has donated $250,000 to endow a new scholarship for Indiana residents attending IU Bloomington. The IU Credit Union Scholarship will be available to undergraduate students with financial need.
Their gift to the university is a contribution to the $2.5 billion fundraising campaign, For All: The Indiana University Bicentennial Campaign. IU Credit Union’s latest gift is its largest single donation to IU in a long history of significant contributions and support encompassing education, arts, and athletics.
Scott Smart, chair of IU Credit Union’s board of directors, remarked, “IU Credit Union is pleased to provide opportunities to those students whose lives can be greatly enhanced through the lifelong benefits of an IU degree.”
IU Credit Union President and CEO Bryan Price hopes this gift will help an Indiana resident obtain an IU degree. “This scholarship program allows us to extend our tradition of supporting educational opportunities in our community,” he said.
IU Credit Union is a member-owned financial institution with assets exceeding $823 million and serves more than 64,000 members. Established in 1956, IU Credit Union offers a full range of financial services for individuals and business owners. Visit www.iucu.org to learn more.
Dan Smith, president and CEO of the IU Foundation, said this gift helps advance the university’s bicentennial campaign priority of providing access to an exceptionally valuable education.
“This gift creates opportunities for the life-transforming experience of an IU education–an experience that otherwise may not have been possible,” Smith said. “It is important that we never forget that this gift has the power to strengthen our communities by creating future generations of teachers, nurses, and leaders. The IU Credit Union does so much good for so many, and with this gift, they have gone the extra mile to insure brighter tomorrows for all of us.”
For All: The Indiana University Bicentennial Campaign is taking place on all IU-administered campuses including IU Bloomington, Indiana University–Purdue University Indianapolis, IU East, IU Kokomo, IU Northwest, IU South Bend, and IU Southeast. The campaign will conclude in December 2019 to coincide with IU’s bicentennial year celebration in 2020. To learn more about the campaign, its impact, and how to participate, please visit forall.iu.edu.
Founded in 1936, the Indiana University Foundation maximizes private support for Indiana University by fostering lifelong relationships with key stakeholders and providing advancement leadership and fundraising services for campuses and units across the university. Today, the IU Foundation oversees one of the largest public university endowments in the country, with a market value in excess of $1.9 billion. In fiscal year 2015, IU received $359.3 million in support from the private sector. IU is consistently ranked among the top four of Big Ten universities in annual voluntary support.