GOBankingRates Commends Arsenal Credit Union for Awarding $4,200 in College Scholarships

ST. LOUIS, June 16, 2014 /PRNewswire/ -- With cap and gown season in full swing, GOBankingRates acknowledges its client Arsenal Credit Union for awarding $4,200 in scholarships to three St. Louis college-bound students. As a leading personal finance website, GOBankingRates aims to highlight financial institutions that contribute to various causes in their local communities, such as Arsenal CU's support of higher education.

The St. Louis-based credit union honored local high school graduates Taylor Paluczak, Brendan Keuss and Peyton Bowe with scholarships for their excellence in academia, extracurricular activities and community involvement.

"The best credit unions serve the financial well-being of their communities in every way possible," said Casey Bond, content director for GOBankingRates. "Arsenal CU is doing just that by helping local students access higher education opportunities and alleviating the burdensome debt that so many of today's graduates face."

LEARN MORE about Arsenal CU

Arsenal CU has distributed close to $55,000 to more than 60 students over the last 18 years. In addition to the credit union's long-standing tradition of gifting scholarships, GOBankingRates recently recognized Arsenal CU for having one of the best financial literacy programs in St. Louis due to its stand-out seminars and classroom presentations on a range of important money topics.

"Having an education is so important to being successful in life. This applies to being financially literate, too. Teaching people about money and helping them better manage it is at the heart of what we do as a credit union," said Ken Moser, vice president of marketing at Arsenal. "Annually awarding college scholarships to deserving young men and women who are the future leaders of our communities is an extension of our core mission and one of the wisest investments we can make."

About Arsenal Credit Union

Arsenal Credit Union is a not-for-profit financial institution with six branches and more than 250 ATMs in the St. Louis area. Founded in 1948, the credit union serves more than 25,000 members and has $200 million in assets. For more information on Arsenal Credit Union, visit www.arsenalcu.org.

About GOBankingRates

GOBankingRates.com connects consumers with the best credit unions, banks and interest rates nationwide, aggregating over 11 million rates from more than 6,000 institutions.

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SOURCE GOBankingRates