$16,000 In Scholarships Available!

Thank you for your interest in the Minnesota Credit Union Foundation Scholarship Council scholarship. Credit unions are not-for-profit financial cooperatives. Unlike most other financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to members like you in the form of lower loan rates, higher interest on deposits, and lower fees.

The FSC is offering sixteen (16) $1,000 scholarships to credit union members throughout Minnesota, eight (8) to traditional applicants and eight (8) to non-traditional applicants.

Scholarship applicants must be one of the following type of students:
  • traditional: current high school or PSEO student graduating in 2023
  • non-traditional: post high school student, current college student or those returning to post-secondary after some time off.

In addition, scholarship applicants must meet the following eligibility criteria:
  • enrolled or plan to attend an accredited, non-profit educational institution in an undergraduate or graduate program (both master and doctorate). Awards will not be disbursed until the student is accepted and enrolled in an accredited institution.
  • enrolled in at least one course at the accredited school during the scholarship application time frame.
  • individual must be a credit union member in good standing (as determined by your credit union) affiliated with the Minnesota Credit Union Network. The student must have a separate credit union account from their parents/guardian.
  • information provided on the application must be accurate and solely the authentic work of the applicant.

Additional notes:
  • financial need is not considered in the selection of the scholarship recipients.
  • immediate family and household members of the Minnesota Foundation Scholarship Council are not eligible to enter.
  • applicants will be asked to approve that their names, words and/or photos can be used in various media to promote the credit union scholarship program.

Please note: If selected as a recipient for a scholarship the deadline to submit required documentation is September 30, 2023. Once received, a check will be made payable to you and the school to the address you provided.  Checks will be mailed after the deadline.  If the required documentation is not received by the deadline, the scholarship award will be forfeited. 


Applications must be submitted electronically by 11:59 p.m. Central Standard Tim

Essay Question: With rising costs of living, how has this impacted your financial goals and how can your credit union help you achieve them?

Essay response should be 500 words or less. For judging purposes, please do not use your name or the name of your credit union in your essay. Essays that include your name or the name of your credit union will be automatically disqualified.