International Academy - Money Masters Program

Financial Plus Credit Union, in partnership with the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), awarded nine $2,500 scholarships to graduating seniors at the International Academy of Flint (IAF) during the school’s Senior Honors Night. The scholarships are part of the Money Masters Scholarship Program, a collaborative effort to promote financial education and inclusion among youth.

The program is set to provide IAF with access to a $75,000 scholarship fund over the next three years, with up to $25,000 available annually. Scholarships are designated for students who complete a series of financial literacy requirements and submit a successful application. Each recipient will be awarded $2,500 in scholarship funds, deposited directly into their new Student Checking Accounts provided by Financial Plus.

In preparation for the scholarship awards, Financial Plus led two classroom sessions for IAF seniors and offered one-on-one financial coaching. “These students took the time to invest in their own future by learning about banking, budgeting, credit, and how to navigate paying for college or trade school,” said Derek Lewis, Financial Wellness Specialist at Financial Plus Credit Union. “We’re proud to celebrate their commitment as they take the next big step in their financial journeys.”

“IAF is incredibly grateful for the Money Masters scholarship program and the doors it is opening for our students. This opportunity not only provides vital financial support but also affirms the potential we see in each of our scholars as they learn about financial literacy through our partnership with Financial Plus and FHLBank Indianapolis.  It’s partnerships like these that make a lasting impact—not just on individual students, but on our entire Flint community,” said Traci Cormier, Executive Director at IAF.

The Money Masters Scholarship Program is a community engagement and financial literacy program for young adults sponsored by FHLBank Indianapolis. Through partnerships with Bank member institutions or local community organizations focused on youth (e.g., charter schools, community youth organization/foundations or non-profit organizations with youth programming), the program helps students gain foundational financial knowledge while providing direct access to scholarship-funded bank accounts designed to support their discretionary spending and overall financial well-being..

To learn more about the Money Masters Scholarship Program, contact Derek Lewis at 810-600-4324 or DLewis@myfpcu.com.

About Financial Plus Credit Union: Since 1952, Financial Plus has been putting today’s needs and tomorrow’s dreams all within reach. Owned by over 80,000 members with more than $1.4 billion in assets, the credit union provides a full range of modern, easily accessible banking products and services to all throughout the state of Michigan. For more information, visit www.myfpcu.com or call (800) 748-0451.

Federal Home Loan Bank of Indianapolis: Building Partnerships. Serving Communities: FHLBank Indianapolis is a regional bank in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to provide access to low-cost funding for their member financial institutions, with particular attention paid to providing solutions that support the housing and small business needs of members’ customers. FHLBanks are privately capitalized and funded, and they receive no Congressional appropriations. One of 11 independent regional cooperative banks across the U.S., FHLBank Indianapolis is owned by its Indiana and Michigan financial institution members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions.

For more information about FHLBank Indianapolis, visit fhlbi.com and follow the Bank on LinkedIn, Instagram and X (@FHLBankIndy). (Please note that content the Bank shares on its website and social media is not incorporated by reference into any of its filings with the SEC unless, and only to the extent that a filing by the Bank with the SEC expressly provides to the contrary.)