The University of South Florida Federal Credit Union (ľƵ FCU) is establishing new scholarships and expanding existing ones for a total of $205,000 that will support ľƵ students studying many disciplines.
The gift will provide support for ľƵ Health Research Day, as well as scholarships at ľƵ Sarasota-Manatee, the Morsani College of Medicine, Biomedical Engineering (a joint venture of the College of Engineering and the Morsani College of Medicine), and will support students in the Scholarly Excellence, Leadership Experiences, Collaborative Training program (SELECT) within ľƵ’s Morsani College of Medicine.
“For sixty years, ľƵ students, faculty and staff have contributed greatly to the growth and success of the credit union,” said ľƵ FCU CEO and president Richard J. Skaggs. “It is an honor and a privilege to give back to the University through these scholarships. After all, supporting the educational advancement of future leaders is one of the best investments we could make.” The scholarships are being created as ľƵ FCU celebrates its 60th anniversary in 2019.
This most recent gift brings the ľƵ FCU commitment to ľƵ to over $825,000 for scholarships and programming throughout the University, including the Muma College of Business, ľƵ Athletics, College of Education, Women in Leadership & Philanthropy, Morsani College of Medicine, ľƵ World, College of Engineering, ľƵ Sarasota-Manatee, and ľƵ St. Petersburg making the overall impact of the ľƵ FCU on the University’s faculty and students remarkable.
ľƵ Foundation CEO and Senior Vice President of University Advancement & Alumni Affairs, Joel D. Momberg shared, “These scholarships recognize the breadth and depth of talent throughout the ľƵ System. Many more students will receive much-needed support as they pursue their academic goals and we are grateful for ľƵ FCU’s longstanding commitment to our students.”
The five areas where scholarships are being established or expanded:
$50,000 – ľƵ FCU Sarasota-Manatee Scholarship
$50,000 – ľƵ FCU Biomedical Engineering Scholarship
$50,000 – ľƵ FCU SELECT Scholarship
$50,000 – ľƵ FCU Scholarship to benefit the Morsani College of Medicine
$5,000 – ľƵ Health Research Day
About ľƵ Federal Credit Union
ľƵ Federal Credit Union offers a full range of financial services to the faculty,
staff, students, alumni association members, and families of the University of South
Florida. ľƵ FCU divisions include Darden Credit Union serving employees of Darden
Restaurants, Inc., and Red Lobster Credit Union for employees of Red Lobster restaurants.
ľƵ FCU serves more than 59,000 members with membership available through more than
35 select employee groups. Please visit: for more information.
About ľƵ Foundation
The ľƵ Foundation connects the University with donors who want to make a difference
by providing private, philanthropic support to promote student success, academic initiatives,
research, and other strategic priorities of the University of South Florida System.
Our donorscelebrate the energy, vision, and future of one of the country’s most exciting
and engaged universities. Our people and programs, our ideas, our research, and our
solutions comprise an ambitious plan to enhance healthcare, science, technology, education,
business, the arts, and global partnerships.