Money Masters Scholarship Awarded to Fifteen First-Generation College Freshman Students
Limestone Financial Credit Union (Limestone FCU) partnered with FHLBank Indianapolis (FHLBI) to award $25,000 through the Money Masters Scholarship Program to first-generation college freshman students at Lake Superior State University (LSSU). Fifteen students who met the eligibility criteria each received $1,666.66 in scholarship funds.
Through this partnership, students gained more than just scholarship support. They participated in guided financial education and built critical money management skills that will set them up for long-term success. Students selected for the scholarship took part in several financial literacy and hands-on learning opportunities to grow both academically and financially. The program included financial education through a no-cost, four-week course, Adulting 101, offered on LSSU’s campus and hosted by Limestone FCU.
“This program is about more than funding; it’s about opening doors. Supporting first-generation students is an investment in students’ long term financial independence. We’re proud to equip these students with both financial knowledge and hands-on support as they begin their college journey. We are thrilled to maximize on these opportunities offered through our membership in the Federal Home Loan Bank of Indianapolis.
—Jennifer C. Watson, CEO at Limestone FCU
In 2026, the Money Masters Scholarship Program will reopen for another group of up to 25 first-generation college freshman students at Lake Superior State University.
Program Participation Requirements:
- Be or become a member of Limestone Financial Credit Union – The Hub @ LSSU, the on-campus credit union.
- Be a first-generation college freshman student.
- Attend Adulting 101 – a no-cost, four-week course (1 hour each, with multiple class times available to fit the students’ schedule).
- Attend a mandatory 20-minute introductory meeting.
Program & Scholarship Details
The Money Masters Scholarship Program provides both scholarship funding and practical financial education. By participating, students will:
- Earn a $1,000 or more scholarship to support their college journey.
- Gain real-life financial skills through the Adulting 101 course.
How to Apply
Interested and eligible students can apply by visiting limestonefcu.com/money-masters-scholarship-program/ and completing the online application. Applicants are encouraged to have a copy of their class schedule available before beginning the application process.
About the Program
The Money Masters Scholarship Program is an initiative of FHLBank Indianapolis (FHLBI), created to support first-generation college students. Limestone FCU has been selected as a program partner to deliver financial literacy education alongside this scholarship opportunity for students at Lake Superior State University.
For more information or questions about the program, contact Sophie Shepard, Branch Manager and Loan Officer, at sshepard@limestonefcu.com.
