The $1.5 billion, 164,000-member UW Credit Union has provided another option to help local residents too financially strapped to further their education.
The Madison, Wis., credit union has recently committed $25,000 to a Madison College permanent endowment fund.
The funds will be allocated as scholarships to one student on an annual basis. The needs-based scholarship program is open to full-time students enrolled at Madison College.
“Wisconsin residents have reason to be proud of our excellent universities and colleges, but there is an urgent need to make sure talented young people are not excluded simply because they can’t afford to attend,” said Jaimes Johnson, director of community and campus relations for UW Credit Union. “We’re honored to help deserving students achieve their education goals.”
The credit union said it has funded multiple education initiatives aimed at removing financial roadblocks to higher education.
Madison College said it provides “real world smart” education through a comprehensive curriculum of technical, liberal arts and sciences, adult basic education and continuing education, as well as customized training for employers.