Chapter News

RMA Offers Four Scholarships to West Michigan Students 

Starting in 2015, The Risk Management Association Foundation started offering scholarships to students in an undergraduate program who are interested in careers in the banking industry after graduation. This year they awarded a total of 54 renewable scholarships ranging from $2,000 to $5,000 per student. Provided that each student fulfills the renewal requirements and maintains their free student membership with RMA, these scholarships can be renewed for up to two additional years. 

Four students from colleges in West Michigan were selected as scholarship winners:

Tyler Evans (GVSU)
Kurt D. Hanko (GVSU)
William Harrison (Hope)
Jonathan H. Kersten (GVSU)

Each of these students learned about this opportunity from Heidi Turley, CFO of the national RMA organization, during the first Commercial Lending Challenge held in October 2015. 

The Commercial Lending Challenge, hosted by the West Michigan Chapter of RMA, brought together banking professionals from local member banks with students from Grand Valley State University, Hope College, Davenport University, and Western Michigan University.  For the competition, student teams of 2-3 members evaluated a realistic, commercial lending scenario and made presentations to judging panels acting in the roles of a credit committee and a borrower.  The judging panels were made up of seasoned commercial lending executives.  At the conclusion of the competition, 3 teams were awarded a total of $3,500 in prize money to use to further their education goals.

To learn how to get involved in the 2016 RMA Lending Challenge as a banking sponsor, student participant, commercial banking mentor, or a judge, please contact Stephen Weber for more information.