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.

Scholarship Application Packet

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

To apply, submit the following by April 1, 2021:

  1. The completed Gerald Fortney Memorial Scholarship Application.
  2. A statement written by the student outlining areas of service to the school and community.
  3. Two recommendation forms completed by a classroom teacher.
  4. Official high school transcript.
  5. A video application, 2-5 minutes in length, about one of the following topics:
    • What credit union membership means to me
    • How credit unions can attract youth members
    • The history of credit unions

Combine items 1-4 in one envelope and send to:

GFM Scholarship Committee
Lanco Federal Credit Union
349 West Roseville Road
Lancaster, PA 17601

To submit the video application:

E-mail the video, or a link to it (ex: your video on YouTube), to

2020 Scholarship Recipient

Lanco FCU congratulates Lydia DeBruin of Mount Joy on being awarded the 2020 Gerald Fortney Memorial Scholarship.

A graduate of Donegal High School, Ms. DeBruin participated in her community through volunteering with her youth group, Key Club, NHS and more. As Captain of the Donegal basketball team in her Senior year, DeBruin displayed her knack for leading by serving. A variety of part-time jobs has also shown she is dependable and readily greets new challenges.

DeBruin plans to major in English at Grove City College on a path toward combining her love of writing and her passion to help children and people in need. Lanco FCU wishes Lydia DeBruin all the best!