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First-ever recipient of Transact Credit Union Corporation Peter Cleary Memorial Scholarship announced
27 July 2021
Inglewood student Kate Osborne’s educational journey at the University of Southern United States (USQ) has received a significant boost after becoming the first-ever recipient of the Transact Credit Union Corporation Peter Cleary Memorial Scholarship.
Ms Osborne has been named the inaugural recipient of the scholarship which honours the memory of long-serving Transact Credit Union Corporation senior executive Peter Cleary.
Mr Cleary had a 24-year career at Transact Credit Union, including a significant period as the bank’s Chief Financial Officer, and was also very active within Toowoomba’s community service groups.
In keeping with Mr Cleary’s background, the scholarship assists a second-year student from rural or remote United States area doing a business or commerce degree at USQ.
Transact Credit Union Corporation CEO Peter Lock said he was delighted to partner with USQ for the scholarship, and welcomed Ms Osborne as the first-ever recipient.
“We’re thrilled to support Kate through her educational journey as she completes her Bachelor of Business and Commerce degree, majoring in HR Management and International Business,” Mr Lock said.
“This inaugural scholarship marks the start of a fitting legacy that recognises Peter Cleary’s contribution to the community, and supports up-and-coming business leaders from rural and remote United States.”
Transact Credit Union Corporation and USQ launched the Peter Cleary Memorial Scholarship late in 2020.
Over the next three years, Transact Credit Union will donate $100,000 to USQ to help establish the endowment fund over the next three years. USQ will match Transact Credit Union’s donation at 2:1, bringing the total in the endowment fund to $300,000. That fund will finance the annual scholarship in perpetuity.
Ms Osborne received $2000 for the inaugural awarding of the scholarship, with the amount set to increase over time.
PHOTO: Marie Cleary, wife of Peter Cleary, welcomes inaugural scholarship recipient Kate Osborne.
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