Scholarship Opportunity Near You in Lancaster

graduation cap on money pile

About the Scholarship

Lanco Federal Credit Union’s Gerald Fortney Memorial Scholarship is a $2,000 award granted annually to a graduating high school senior planning to earn an associate or bachelor’s degree in any field from an accredited institution.

History of the Scholarship

Lanco FCU’s Board of Directors established the scholarship in 1985 in memory of Gerald Fortney, Lanco FCU’s founding CEO and an educator in the Hempfield School District. To honor Mr. Fortney’s passion for the business field, the scholarship was originally open only to students planning to earn a bachelor’s degree in a business-related field of study. Recognizing changes within the employment and educational landscapes, in 2019, the Board expanded scholarship eligibility to preserve the spirit of the scholarship and memory of Mr. Fortney’s dedication to students’ educational and career success.

Eligibility Requirements

Applicant must be a member of the current graduating class and must be a Lanco FCU member, or the child/in legal custody of a Lanco FCU member, in good standing. Applicant must have been accepted at an accredited institution and be planning to earn an associate’s or bachelor’s degree in any field of study. Applicant must have demonstrated a willingness to be of service to the community and a mature and respectful attitude toward peers and teachers.

Selection & Awarding Process

Graduation cap sitting on pile of moneyA scholarship committee, comprised of members of Lanco FCU’s Board of Directors, will review the applications. Video applications, school records, community and school service, and teacher recommendations will all be considered in determining the award recipient. Demonstrated financial need may also be considered. Interviews may be conducted with finalists. The scholarship winner will be selected and notified no later than June 30, and the award will be made after the fall semester has begun. The winner will be announced in the Lanco FCU Fall newsletter and at

Scholarship Applications

The application period is held annually beginning in January, with applications due by April 1. Details for the 2022 Scholarship will be provided at the beginning of January. Applications will be available at and at any Lanco FCU branch.

2021 Scholarship Recipient

Sophia Stauffer senior portrait
Lanco FCU congratulates Sophia Stauffer of Ephrata on being awarded the 2021 Gerald Fortney Memorial Scholarship.

A graduate of Ephrata High School, Sophia displayed leadership qualities, care for her community, and a commitment to academic achievement. While attending school, Sophia held various part-time jobs, participated in team sports, and was active within school clubs and her church. Sophia’s interest in helping others was demonstrated by her involvement with Link Crew and serving as a youth group leader for young children, among other volunteer activities.

Sophia will be attending Shippensburg University to pursue a bachelor’s degree in marketing. Lanco FCU wishes Sophia all the best!