Scholarship Opportunity Near You in Lancaster
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’s 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.
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
A 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 lancofcu.com.
To apply, submit the following by April 1, 2020:
EXTENSION GRANTED DUE TO COVID-19 SCHOOL CLOSURES
The deadline to return applications for the 2020 Gerald Fortney Memorial Scholarship has been extended to May 1, 2020.
- The completed Gerald Fortney Memorial Scholarship Application.
- A statement written by the student outlining areas of service to the school and community.
- Two recommendation forms completed by a classroom teacher.
- Official high school transcript.
- 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 firstname.lastname@example.org.
2019 Scholarship Recipient
Lanco FCU congratulates Emma Spearing of Holtwood on being awarded the 2019 Gerald Fortney Memorial Scholarship. A graduate of Penn Manor High School, Ms. Spearing participated in many clubs including band and National Honors Society, and she served as an officer of the Young Humanitarians League. Ms. Spearing is majoring in Politics, Government & Law, with a minor in Psychology, at Arcadia University.