About the Lloyd F. Hutt Scholarship

Established in 1990, this scholarship program honors the legacy of Lloyd F. Hutt – teacher and founder of LMCU. Each year, we establish a question for high school seniors to answer in the form of an essay and award (15) $2,000 scholarships. We are proud to have provided $361,500 in scholarships to 222 deserving students over the years.

How to enter?

The Hutt Scholarship entry period is closed for the 2018-2019 school year. Check back on November 1 to enter the 2019-2020 scholarship contest.


Click on the tabs above for further details, or email [email protected] (subject: 2019 Hutt Scholarship).

Who is eligible?

All applicants must be a resident of Michigan or Florida, or a member of Lake Michigan Credit Union or the child of a Lake Michigan Credit Union member (i.e. a student in Texas must be a member/child of a member to be eligible). LMCU employees, children of LMCU employees, directors or officers are not eligible.

All applicants must be high school seniors (includes home school students) and plan to enter a trade school, college or university in the next academic year. Recipients must submit evidence of acceptance and enrollment in an accredited trade school, college or university before payment will be made.

Award Info

The scholarship program will award fifteen (15) winners – $2,000 each . The winners will be announced in our May newsletter and on the LMCU website.

The amount of the award will be paid to the recipient and educational institution in which the student is enrolled. The award is intended to provide financial assistance to the recipient in their pursuit of an undergraduate degree at an accredited trade school, college or university. The money is to be used for the student's tuition, fees, books, supplies and equipment. The awards are intended to constitute qualified scholarships exempt from federal income tax under Section 117 of the Internal Revenue Code of 1986, as amended. Use of the amount for purposes other than those previously noted may jeopardize exempt status. If a tax liability arises, it will be the sole responsibility of the recipient.

Lake Michigan Credit Union shall maintain records, administer and provide all necessary staffing for the Lloyd F. Hutt Scholarship Program (except for the scholarship committee). Lake Michigan Credit Union will provide the Board of Directors with a written report, detailing all awards.


  • Length: 750-1500 words
  • Essay must be typed
  • Essay must be double spaced
  • Do not include your name or school name in the essay. Include only the initials of your first, middle, last name on the top right corner of each page of the essay
  • Essay must have a title
  • Essay must be saved as a Word doc (.docx) or a Google Doc.

How are winners selected?

Winners of the Lloyd F. Hutt Scholarship Award will be selected by an independent committee appointed by the Board of Directors of Lake Michigan Credit Union. The judges of this contest are persons who are area professionals.

2018-2019 Hutt Scholarship Winners

"But we've always done it that way. Name something you'd change and why." The essays in the link below thoughtfully examined this topic. Each student author received a $2,000 scholarship good toward their higher education expenses. Congratulations to this year's winners!

Read now

Modification or elimination of program
Lake Michigan Credit Union reserves the right to modify or eliminate the Lloyd F. Hutt Scholarship Program at any time without notice. Not withstanding the foregoing, any award due and payable under the program prior to such modification or elimination shall continue to be payable according to the program’s terms in effect at the time Lake Michigan Credit Union made the grant. All entries shall become the property of Lake Michigan Credit Union.