Student Choice unveils new scholarship fund and “Honor Roll” award at Empower U 2017

During its recently held Empower U conference, Credit Union Student Choice honored Chip Filson with the creation of a Scholarship Fund and presented the inaugural “Honor Roll’ Award to BCU.

Filson, co-founder of Callahan & Associates and a respected and influential leader in the credit union movement for more than 40 years, was also a founder of Student Choice and dedicated CUSO board member for nine years. In honor of his outstanding leadership and service, Student Choice created the Chip Filson Scholarship Fund. The $5,000 scholarship will be awarded to a Student Choice partner credit union, who will then be able to distribute the funds to members in the form of scholarships for higher education.

“It’s been a rewarding honor to be part of the Student Choice leadership team for the last decade,” said Filson. “Student Choice’s growing contributions to the cooperative system’s role in financing college for members is an exemplary model of the advantage of collaboration. The CUSO and its credit union early adopters were cooperative innovators. I see this scholarship fund as a small seed to nurture the network’s creation of ever-greater opportunities for members seeking fair solutions for higher education funding.”

According to Scott Patterson, President and CEO of Credit Union Student Choice, the intent is to grow the scholarship program in the future.

“We’re incredibly fortunate to have had Chip’s thoughtful guidance and support over the last ten years, and extremely pleased that we could honor him with something that will create a lasting legacy,” said Patterson. “We look forward to growing the scholarship program in the coming years to help even more credit union members.”

To highlight the fantastic work that is being done by Student Choice partner credit unions in building and delivering innovative, fair value higher education financing programs to their members, Student Choice also announced the creation of the Student Choice “Honor Roll” Award – given to the Student Choice partner credit union that exemplifies overall excellence in higher education finance.

The inaugural recipient of this award is BCU, based in Vernon Hills, IL. In conjunction with award, BCU will receive a $5,000 Chip Filson Scholarship which they can deliver to a BCU member in 2018.

“BCU is committed to offering best-in-class solutions for financing education that provide exceptional value to our members, their families, and the employer groups we serve,” said David Brydun, BCU’s Vice President of Consumer Lending. “Through our valued partnership with Student Choice, we are able to deliver a highly differentiated experience that empowers our members with access to higher education and a lifetime of benefits resulting from their investment.”

“We are incredibly pleased to present these two awards,” said Patterson. “Both Chip and the team at BCU epitomize what credit unions are all about, and are incredibly worthy recipients of these honors. We look forward to building on this foundation in years to come.”


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