Carroll R. Phillips Scholarship

In Honor and Memory

Carroll R. Phillips was a dedicated leader and close friend to the staff and Board of Directors at ProFed Federal Credit Union. Mr. Phillips served on the board of directors for 30 years and led the credit union as chairman for 28 years. He taught at Fort Wayne Community Schools for 35 years and enjoyed serving on the board of MLK Montessori School. In addition to serving as past president of Allen County and Fort Wayne teachers' associations, he was also the past president of Fort Wayne Area Retired Teachers. Mr. Phillips served in the Air Force during WWII and retired later as a lieutenant colonel. He was an Indiana University alumnus, earning both a bachelor of science and a master's degree in education. Carroll Phillips was a tireless worker, demonstrating by example the giving of his time and talents for many worthwhile causes and endeavors. It is in this spirit of genuine caring and concern for mankind that the Carroll R. Phillips Scholarship Fund was established.

About the Scholarship Fund

This scholarship is intended to provide qualified high school seniors with financial assistance to pursue educational goals beyond their high school diplomas. Four $1,000.00 scholarships will be awarded annually in time to apply toward fall enrollment. 

Scholarship Selection Committee

The members of the Scholarship Selection Committee will be appointed by the chairperson of the ProFed Federal Credit Union Board of Directors each year.

Evaluative Criteria for Scholarship Recipients

  • Grade Point Average
  • Community Service/Community Involvement
  • Extracurricular student activities/Job experiences/Internships
  • Written Essay


Eligibility is determined by the following:

  • A member of ProFed Federal Credit Union in good standing
  • Any family member of a ProFed Federal Credit Union member in good standing

The applicant must be a full-time student who is accepted at and enrolled in a two or four-year program at an accredited college or university, or at a trade or vocational school. Final decisions on eligibility will be made by the ProFed Federal Credit Union Scholarship Committee.

Scholarship winners are required to attend a presentation ceremony or have family representation at the ceremony. Scholarships will not be awarded to those not in attendance. Applicants may receive only one scholarship from ProFed Federal Credit Union in any calendar year.