$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 2022
  • 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.


Applications must be submitted electronically by 11:59 p.m. Central Standard Time November 30, 2021. Applications submitted after the deadline will not be considered.

Submit an essay not to exceed 500 words answering the essay question for this scholarship period. Transcripts and letters of recommendation will not be considered. Do not use your name or the name of your credit union in your essay or on the essay page. Essays that include your name or the name of your credit union will be automatically disqualified.

How did the way you interact and communicate with businesses change during the pandemic and what would you like to see continue in the future? From these experiences what suggestions do you have for your credit union?

Essay response should be 500 words or less.