2017 Student Scholarships

2017 Student Scholarships

Gina Boeskool from Fremont High School is the First Place winner.  She was awarded $1,750 and publication of her essay in the Gerber FCU quarterly member newsletter.  Lydia Boerman from Fremont High School is the Second Place winner and was awarded $750.  Dominick Byrne from Fremont High School is the Third Place Winner and was awarded $250.

Entrants were asked to explain “What does financial literacy mean to you? Why is it important? What should we as a community do to teach financial literacy to your generation?” in 300-500 words.  Entries were accepted from Gerber Federal Credit Union members currently attending their senior year of high school and planning to attend an accredited technical school, community college, trade school, four-year accredited college or university, or an apprentice program.  Our panel of judges included 4 educators from various school districts and a member of management at a local hospital.  Judges evaluated the essays on Topical Relevance and Quality of Writing after all identifying information was removed.  Thank you to all who participated!  For 2018 entry requirements visit www.gerberfcu.com.

Winning Essay, By Gina Boeskool

     I personally associate “financial literacy” with the understanding of how money works and the importance of setting oneself up for financial success.  Being financially literate means living within your means, or, in other words, spending less than you make so you have a cushion to fall back on when crisis strikes.  I strive to make responsible choices with my own God-given money, as it is an invaluable resource in the world we live in today. 
     One of my memories of being a member of the Gerber Federal Credit Union is attending the Annual Meetings in the spring.  The meetings were informative and had the perk of drawings for cash.  I remember often going with my sister, mom, aunt, and grandma, and between the five of us, we usually got a decent amount of cash.  In my Grandma’s typical selfless fashion, she frequently gave my sister and me her winnings, which was something she could afford because she and my Grandpa saved diligently throughout their lives.  Even though they had to support their ten kids with only one income, they managed to save a healthy amount because of their wise and frugal spending.  I look up to them for the discipline they had when it came to spending money. 
     In my high school career, I have made understanding the world of finance a priority, as I have taken classes that would help me achieve this.  Last year I took a Personal Finance course, which taught me about banking and budgeting, among other crucial topics.  Last semester I took an On Your Own class, which covered a range of topics including investing and how to wisely pay for college.  Additionally, my Economics class had a unit on how the stock market worked and we even got to participate in a mock stock market competition. 
     Although I was able to take such classes, several of my fellow students never had the opportunity or felt the necessity to begin their financial education to prepare for the upcoming times when we will need it.  Therefore, I believe providing youth with a basic financial education is a necessity.  Financial literacy is not something we should take lightly, as poor money-related decisions can lead to crisis down the road. 
     I am thankful for my parents who have taught me the importance of saving and distinguishing between my needs and wants and for Gerber Federal Credit Union for providing a trustworthy place for my money and the services it provides.