Money Masters Scholarships Awarded for 2024
People Driven Credit Union is proud to announce that nine Michigan students received scholarships through the Federal Home Loan Bank of Indianapolis Money Masters Scholarship Program for 2024. PDCU sponsored these scholarships in partnership with the Rhonda Walker Foundation in Detroit, helping break down financial literacy barriers for college-bound students across Southeast Michigan.
About the Money Masters Scholarship Program
The Money Masters Scholarship Program was launched in 2023 by FHLBank Indianapolis to promote financial literacy and best practices in money management among college-bound students and rising high school seniors. In 2024 the program awarded over $100,000 in scholarships to more than 70 students across Indiana and Michigan through partnerships between FHLBank Indianapolis, member institutions, and community organizations.
2024 Scholarship Partners and Recipients
Four partnerships drove the 2024 scholarship awards across both states:
People Driven Credit Union and Rhonda Walker Foundation, Detroit, MI: Nine scholarships awarded.
Mercantile Bank of Indiana and Grand Valley State University TRIO Program, Grand Rapids, MI: 22 scholarships awarded.
Elements Credit Union and Center for Leadership Development, Indianapolis, IN: 25 scholarships awarded.
Merchants Bank and Providence Cristo Rey High School, Indianapolis, IN: 15 scholarships awarded.
Why Financial Literacy Matters
Marchelle Costa, AVP and Associate Director of HR Diversity, Equity, and Inclusion at FHLBank Indianapolis, spoke directly to the purpose behind the program. “Core to our mission is supporting homeownership for as many people as possible in our district. We assessed the barriers that prevent people from achieving that, and one of them is financial literacy,” Costa said.
Deron Streitenberger, EVP and Chief Business Operations Officer at FHLBank Indianapolis, emphasized the value of the collaborative model. “Our Money Masters program is an innovative way to get more engaged in financial literacy and the communities the Bank serves. These are the same communities our members serve, so it’s a win-win for everyone,” Streitenberger noted.
What Comes Next
More than 400 students received financial education through the program in 2024. FHLBank Indianapolis is already planning to expand its reach. “We’re just getting started,” Costa said. “We’re hoping our members will sign up and continue to support the program. And that we can double those numbers in 2025.”
People Driven Credit Union is committed to being part of that growth. Supporting the financial education of the next generation is one of the most meaningful ways a credit union can invest in its community.
For more information about the Money Masters Scholarship Program or to get involved, contact Marchelle Costa at mcosta@fhlbi.com.
Banking With PDCU Means Investing in Your Community.
The Money Masters scholarships are one example of how PDCU puts membership dollars to work for Michigan families. Here is how you can be part of it.
Join People Driven Credit Union
When you bank with PDCU you bank with a Michigan institution that invests in its community. Anyone who lives, works, worships, or attends school in Michigan can join. Membership starts with a $5 deposit.
Learn About the Rhonda Walker Foundation
The Rhonda Walker Foundation partners with PDCU to bring financial literacy opportunities to Detroit youth. Visit their website to learn more about their programs and how you can support their work in Southeast Michigan.
See More PDCU Community Stories
The Money Masters scholarships are one of many ways PDCU gives back across Michigan each year. Read more about the organizations, students, and communities we support throughout the state.
Federally insured by the NCUA. Membership eligibility required. People Driven Credit Union serves members across Michigan. NMLS #776727. Scholarships Awarded for 2024
John Scharff is the Digital Marketing Lead at People Driven Credit Union, where he helps create clear, practical financial content for members and the communities PDCU serves. He focuses on making financial topics easier to understand, from loans and savings accounts to digital banking, fraud prevention, and everyday money management.
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