Silver State Schools Credit Union Announces 2021 Scholarship Recipients

Silver State Schools Credit Union’s (SSSCU) Board of Directors announced its ten scholarship recipients for 2021.

Each winner selected is a Southern Nevada High School Senior and will receive a $2,000 scholarship renewable for up to four years, for a total of up to $8,000, to use towards higher education. 

It has been a challenging year, especially for High School Seniors who have had to navigate virtual learning with many extracurricular activities being canceled due to the pandemic. Despite these challenges, our scholarship applicants demonstrated their commitment to continued leadership, community service, and academic excellence. SSSCU recognizes the increased need for community support through the number of applications we received this year, and looks forward to supporting outstanding Southern Nevada High School Seniors for years to come. 

Scholarship awards are named after past and current Board Members as well as the Credit Union’s charitable foundation, the Silver State Schools CU People Over Profit (POP) Foundation. A 10th scholarship award was added for 2021 in celebration of the Credit Unions 70th Anniversary.        Selected by the Scholarship Committee of the Board of Directors, the winning students were recognized at the SSSCU virtual Annual Meeting of Members, which was held on Saturday, April 24, 2021. 

“I am impressed with the dedication and incredible academic and extra-curricular achievements of so many students who persevere and make a difference in their schools, studies, and community,” says Scott A. Arkills, President and CEO, Silver State Schools Credit Union. “Despite the challenges of the past year, this promising group of students have already shown us they are ready to commit to the future, regardless of what they have to face, and we are thrilled to be part of their opportunity to accomplish much in their future, including access to continuing education.”

The 2021 SSSCU scholarship winners are:

• Spencer Torgesen- Arlene Parkinson Scholarship Award
• Paige Sinicki- Bart Roche Scholarship Award
• Olivia Myers- Leonard Petoske Scholarship Award
• Michelle Mayers- William Moore Scholarship Award
• Ava Ballagh- Terry Mannion Scholarship Award
• Brooklyn Mumford- Harold McKay Scholarship Award
• Chandler Lukow- Andrew Hunter Scholarship Award
• Sydney Lin- Joyce Woodhouse Scholarship Award
• Abigail Reed- Silver State Schools CU POP Foundation Scholarship Award
• Tyler Norkus- Silver State Schools CU 70th Anniversary Scholarship Award

More than $700K in scholarships have been awarded to Nevada High School Seniors by the award-winning credit union since 1989. The commitment of SSSCU to our local communities will continue by provide educational resources through scholarships, financial literacy, and distance learning tools and our relationships with the Clark County School District, the Nevada Higher Education Systems, and Vegas PBS.

SSSCU, founded in 1951, is a state-chartered financial co-operative Prioritizing People Over Profit. The Credit Union serves over 56,000 members of the educational community, as well as the community at large, and their families in Nevada with ten branches throughout the Las Vegas Valley. SSSCU provides “Excellent Member Service and Financial Solutions – for Life!” via a wide range of banking products that are simple, secure, and convenient. As of March 31, 2021, SSSCU reported deposits of $958 million, total assets greater than $1 billion, and loans of $583 million. Liquidity remains strong at $279 million, and the credit union is well-capitalized with a regulatory net worth at $95 million, equal to 8.98% of total assets. Accounts are insured up to $500,000. American Share Insurance insures each account up to $250,000. Excess Share Insurance Corporation provides up to an additional $250,000 of insurance per account. This institution is not federally insured, and if the institution fails, the Federal Government does not guarantee that depositors will get back their money. For more information, visit silverstatecu.com.