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Press Release May 21st, 2010


Laura Woods

1st Financial Federal Credit Union Announces 2010 Scholarship Winners

May 21, 2010 – 1st Financial Federal Credit Union located in St. Charles, Hazelwood, downtown St. Louis, and Wentzville is excited to announce the winners of the 2010 1st Financial Federal Credit Union Horizon and Right Stuff scholarships.

For many years 1st Financial has awarded a $1000 scholarship to a graduating high school student to be used at the college or university of their choice. The Horizon scholarship is given to a student who is a member at 1st Financial with an exceptional academic history and evidence of a strong presence in their school and community. The applicants are also asked to write a short essay on the differences between a credit union and a bank. This year the Horizon Scholarship was awarded to Lauri Craig, a graduating high school senior from Hazelwood Central high school and 1st Financial member since 1996. Lauri plans to attend Truman State University this year with an anticipated focus in elementary education. Ms. Craig was asked to attend the 1st Financial Federal Credit Union annual meeting in April to read her winning essay and accept her scholarship check.

An exciting addition to the Horizon Scholarship this year at 1st Financial was the Right Stuff Scholarship awarded to an already attending college student and 1st Financial member between the ages of 19 and 24. Applicants were asked to write a minimum of one essay based on one of the seven credit union principles as well as present evidence that they are involved in community and school activities with a strong focus on academic achievement. The $1000 scholarship was awarded for the first time to Desiree Nguyen of Florissant, MO. Desiree attends Central Bible College and expects to graduate with a degree in Christian counseling by May of 2013.

1st Financial Federal Credit Union utilizes many tools, such as the StepOne Checking and Savings account, specifically for teens, to stress the education of managing money. Empowering and cultivating young adults with financial education is merely the first step in ensuring that they are able to make sound and valuable financial decisions as they mature into adulthood.

About 1st Financial Federal Credit Union

1st Financial Federal Credit Union is a member-owned, not-for-profit financial cooperative with over 30,000 members and $230 million in assets, committed to providing quality services to the membership while demonstrating safe and sound business practices. For over 40 years, 1st Financial has provided members with a full line of dependable financial products and services which return profits to the member in the form of lower rates on loans and higher savings yields.

1st Financial Federal Credit Union was chartered on September 3, 1968 as District 837 Credit Union by the International Association of Machinist members employed by McDonnell Douglas. Today, 1st Financial is a full service financial institution dedicated to helping our members achieve their financial dreams. We serve those who live, work, worship, attend school in or regularly do business in the City of St. Louis, St. Louis County and St. Charles County, Missouri and a wide array of companies throughout the St. Louis metropolitan area. Deposits are federally insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

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