Scholarships

Leading Edge Credit Union currently awards two scholarships.

Leading Edge Credit Union Community Scholarships

In 2011 Leading Edge Credit Union developed a community scholarship to be presented in the schools in our areas we serve.  We wanted to recognize the importance of education.  This scholarship is valued at $250 and is open to all level 3 students who are continuing their education.  This award is selected by the school’s scholarship committee, generally made up of Level 3 teachers.  The recipient is a student who is pursuing post-secondary education, and demonstrates the values and principles of co-operatives. These awards were presented by a LECU representative at the respective ceremonies in December, with the exception of Corner Brook, who holds theirs in June.

 

A.F. Walker Scholarship
Leading Edge Credit Union administers a scholarship yearly on behalf of the A.F. (Gus) Walker. This scholarship commemorates the unique contribution made by A.F. (Gus) Walker in the creation of Brook Street Credit Union.  Gus Walker was a firm believer in the role that the cooperative movement could play in helping people become self reliant.  During the more than forty years he worked at the Corner Brook Mill, he held every executive position, including President of the Paper Makers Union.  For ten years he was President of the Bowater’s Employee Benefit and Welfare Association which imported and sold coal to its members at a significant savings.  Through careful management the association accumulated a surplus of $80,000.

 

When oil replaced coal as the preferred heat source, the coal yard went out of business and its two employees faced loss of their jobs.  Gus Walker had the idea to use the surplus to start a credit union.  Under his leadership, members were signed up.  The staff, Walter Simms, and James Dingwell were trained in credit union management at St. Francis Xavier University in Nova Scotia and on November 21, 1963, the Brook Street Credit Union became a reality.

 

In July 2009, Brook Street Credit Union amalgamated with Codroy Valley Credit Union to form Leading Edge Credit Union.  It was with great pleasure that the contact for this scholarship, Mr. Michael Walker, extended the scholarship to all members of Leading Edge Credit Union’s  branches on the southwest coast.

 

The criterion set out by the Walker Family for this scholarship consists of the following.

·        Students must be Leading Edge Credit Union members or children/ dependents of members

·        The student must be beginning 1st year post-secondary studies at a recognized institution.

·        Students must be registered in full time studies with a minimum duration of three years.

·        Students must submit final transcript of marks

·        Students must present proof of enrollment in a recognized post-secondary institution.

·        Students must complete a brief application form including a brief description of financial needs (specifying other bursaries received for the current school year, contributions from summer employment etc.)

·        Students must provide a 200 - 500 word essay, with their application form, on one of the following topics:

·        A historical view of the Credit Union Movement in Newfoundland

·        The difference between Credit Unions and Banks

·        A description of the credit union and other co-operative organizations in your community.

·        Award recipients must be willing to have their award acknowledged by Leading Edge Credit Union Limited and media.

 

Essays are due the second Friday in June of the graduating year. For more information, and to access the complete nomination form, please click here, or contact your local branch or email lecuinfo@lecu.ca

 

 

 

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