USF Credit Union Gives $300,000 to Support Scholarships and Programs

Dec 05, 2012, 12:44 ET from USF Federal Credit Union

TAMPA, Fla., Dec. 5, 2012 /PRNewswire/ -- USF Foundation announced a gift from the USF Federal Credit Union of $300,000 to support scholarships and programs within the Morsani College of Medicine and to provide passport scholarships for USF System undergraduates.

The gift will provide support for USF Health events and programs which include; the CAMLS Entrepreneurial Leadership Program, Research Day and USF Health Length of Service. In addition, it will create scholarships for Morsani College of Medicine Students, and will support students within the Scholarly Excellence, Leadership Experiences, Collaborative Training program (SELECT).

The USF Federal Credit Union gift will also support a new passport scholarship fund that will enable undergraduate students throughout the USF System to study abroad.

Richard J. Skaggs, president and CEO of the USF Federal Credit Union, said this support continues a longstanding partnership between the USF System and the Credit Union that shares its name.

"We are so pleased to be able to make a difference in the lives of students throughout the USF System and within the Morsani College of Medicine," said Skaggs. "Our organization has been a partner with the University of South Florida since its inception in 1959, and we're proud of the relationships we've built and we will continue to seek ways to give back to this great University. We recognize the strategic vision of the University and the importance it will play moving ahead in healthcare both locally and globally. We see this as a step towards helping USF Health realize its vision for the future."

USF System President Judy Genshaft, said the gift will do more than help educate USF students.

"We know the opportunity to study abroad can create life-changing experiences for our students," said USF President Genshaft. "We are grateful for the generosity of the USF Federal Credit Union and for the difference these resources will make for both our current students and future generations of USF students."

USF Federal Credit Union is a leading financial institution serving the faculty, staff and students of the University of South Florida.  Additionally, USF Federal Credit Union membership is open to organizations that have employees on the campuses of the University of South Florida, members of the Alumni Association and family members.  USF Federal Credit Union offers a wide range of financial services and participates in the Shared Services Network which allows access to branch locations nationwide.  USF Federal Credit Union was chartered in 1959 and deposits are federally insured by the National Credit Union Administration.

To learn more about USF Federal Credit Union, contact them at 813-569-2000, or visit them at

SOURCE USF Federal Credit Union