Robert E Martin, 
Chairman of the Board of Directors
of Indiana Members Credit Union
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Chairman of the IMCU Board of Directors since 2006
Served on the IMCU Board of Directors for 42 years.

Other position held on IMCU BOD:
  • *Secretary
  • *Chairman of Supervisory Committee
  • *Chairman of Personnel Committee
  • *Board Advisory for Public Relations
  • *Compensation Committee
  • *IMCU CUSO Board Chairman
  • *Chair, Indiana Members Foundation Board                                        

Experience: Retired Vice Chancellor of Administration and Finance, Indiana University-Purdue University at Indianapolis, a position he held for 13 years.  Previous positions include: Vice Chancellor for Administrative Affairs; Assistant to the University Controller; Director of Administrative Affairs and Bursar.  Employed at Indiana University-Purdue University at Indianapolis for 40 years,  

Official Rules:
These Official Scholarship Rules are specific to the Indiana Members Foundation Robert E Martin (REM) Scholarship Program. By applying for this collegiate scholarship, each student applicant agrees to be bound by the Official Scholarship Rules.

Applicant Eligibility
  Each applicant must:
  • Be an Indiana Members Credit Union (IMCU) member in good standing with his/her IMCU account          opening date no less than six months prior to the time of application.
  • Be intending to study full-time (minimum of twelve (12) credit hours) at an accredited college or                university in a two or four year undergraduate degree program, for the fall semester.
  • Have a weighted cumulative GPA of 2.5 or higher on a 4.0 scale.
  • Be between the ages of 17 and 24. 

NOTE: IMCU employees and IMCU employee’s relatives are not eligible for the REM.

Scholarships Awarded
  There will be up to ten (10) $5,000 scholarships paid for a total of $50,000 in scholarships. 

 Dollar amounts available for scholarships may change on an annual basis, based on the financial      commitment available from the Indiana Members Foundation.

Applying for the Scholarship:
  Applications will be accepted annually from January 1 thru March 31. Complete and submit the online           scholarship application form, found on the website starting January 1, 2018. Submit the      requested supporting documents listed below.    

 Documents can be scanned and emailed to, faxed to (317-613-5028) or mailed to the   Indiana Members Foundation, 5103 Madison Av, Indianapolis, IN 46227.

Supporting Documents:
  Documents required for submission include: 
  • Copy of most recent grades (including cumulative GPA)
  • First year students, must submit a copy of college or university acceptance letter, 

Selection of Scholarship Recipients:
 Scholarship recipients will be awarded based on the quality of the student’s application, work experience,    extracurricular activities, and future ambitions.

 The scholarship applications will be reviewed and final decisions will be made by the REM Selection   Committee. The REM Selection Committee will consist of 3 IMCU Executive Officers and 2 IMCU Board    Members.

Announcing the Winners:
 The scholarship winners will be contacted directly by phone and/or email. Once all recipients have been   notified their names will be published on the Indiana Members Foundation website . The    REM Scholarships will be announced in a formal press release and awarded at an annual awards banquet to    be held the last week of June by the Indiana Members Foundation.

Disbursement of Scholarships:
  The scholarship proceeds will be for the Fall Semester.
  A check will be issued directly to the community college or university.
  Students must show proof that they are registered for at least twelve (12) credits during the Fall semester.
  the funds may be used for any educational related expenses provided these expenses can be paid                    directly through the financial aid office.

Welcome to the Robert E Martin Collegiate Scholarship Program

The Robert E. Martin Collegiate Scholarship Program is application period has now closed.  

Last year Indiana Members Foundation was able to grant $25,000 in scholarships! We are pleased to announce that in 2018, we will be doubling the total amount of scholarships being granted! Indiana Members Foundation plans to grant ten (10) $5,000 scholarships to total $50,000!
 Below are the official rules: