Laurel, MD – Tower Federal Credit Union member Robert Michele, 18, of Glenwood, Md. won a $1,000 scholarship award for his winning essay during the 2016 Credit Union Foundation of Maryland and D.C. Scholarship Awards Program. Robert’s winning essay discussed the importance of having a good credit score, and why and how lenders use credit scores to rate the trustworthiness of borrowers. He compared being a member of a credit union to having a good friend you can trust and rely on.
The Foundation awarded 12 $1,000 scholarships in the 2016 competition: 10 essay winners, one video winner and one photo winner. The essay theme this year was “Discuss with your friend what good credit is, ways to start building credit, how your credit union can help and the benefits earned by having good credit.” The video topic was “the importance of financial literacy” and the photo topic was “Service.” The Foundation received 373 essay entries, 79 photo entries and 26 video entries. Of the 478 entries submitted in this year’s competition, 35 were from Tower members.
A senior at Glenelg High School, Robert plans to attend Wake Forest University in the fall, where he will be pursuing degrees in mathematics and economics, and hopes to advance his research on cryptocurrency valuation. Robert is an AP Scholar with Distinction Honor Recipient, a member of the National Honor Society and the Mathematics National Honor Society, and serves as Vice President of his school’s German National Honor Society chapter. He plays viola and is on Glenelg’s varsity soccer team. He also plays for the Thunder Soccer Club, and volunteers as an assistant coach on youth teams.
Tower’s Vice President of Marketing and eCommerce, Dan Balkin, presented the check to Robert at Tower’s headquarters in Laurel, Md. on May 18. “I was honored to present Robert with the scholarship award and we are pleased to support such a promising student as he pursues his academic interests,” he says. “Robert has an interest in virtual currency, a hot topic in our industry. He was kind enough to share his work in this subject area with me and it was very impressive.”