Minnesota Credit Union Foundation Scholarship Council Application 2023

$18,000 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 eighteen (18) $1,000 scholarships to credit union members throughout Minnesota, nine (9) to traditional applicants and nine (9) to non-traditional applicants.

Scholarship Eligibility

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, 2024. 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.

Creating an Application

1. Register

Click on the Register link and complete and submit the registration form.

2. Login

3. Create

Create your online application.

4. Save

During applications deadline closes, your application can be saved as DRAFT until all the required information is completed and attachments uploaded. As each section is complete, you will see a appear in the category tab when the application is saved. At any time, you can download and print your application by clicking on the icon in the Application Summary section.

5. Submit

On completion, save your application as FINAL. Download and print a copy of your application for your records by clicking on the icon in the Application Summary section in the right column.

*Note: If an update is required prior to the submission deadline, you can make the update and resave as FINAL.

If you require assistance or additional information, please contact the scholarships@mncufoundation.org.

MnCU Foundation Grants

Eligibility Requirements

• Applicant must be a director of, serving on a committee of, or employed by the same Minnesota Credit Union Network affiliated credit union listed on the application at the time the grant is used or the award will automatically be forfeited.
• Applications must be completed in full and received by December 8, 2023. After this date, applications may be considered if funds are available and on a case-by-case basis.
• Recipient’s credit union will be reimbursed after course is successfully completed and grant form completed.
• Recipient must use the grant during the year and purpose stated on the application.

Eligible Professional Development Grant Categories

• GAC Scholarship ($2,000 to support attendance at the CUNA GAC Conference)
• Financial & Audit Professionals Grant ($1,000 for attendance at Financial or Audit specific training)
• CUDE Scholarship ($3,800 to attend the National Credit Union Foundation Credit Union Development Educator training)
• FiCEP Certified Credit Union Financial Counselor (up to $500 to attend MnCU Foundation Enhanced FiCEP training program)
• MnCUN Major Event Grant (grant for registration at MonDak, Accelerate, CEO Conference, Lead)
• Small Credit Union Grant (up to $1,000 for professional development opportunities for credit unions under $100 mill in assets)
• Other Professional Development Grant (Other credit union specific education and training – must specify program on application)

Creating an Application

1. Register

Click on the Register link and complete and submit the registration form.

2. Login

3. Create

Create your online application.

4. Save

During applications deadline closes, your application can be saved as DRAFT until all the required information is completed and attachments uploaded. As each section is complete, you will see a  appear in the category tab when the application is saved. At any time, you can download and print your application by clicking on the  icon in the Application Summary section.

5. Submit

On completion, save your application as FINAL. Download and print a copy of your application for your records by clicking on the  icon in the Application Summary section in the right column.

*Note: If an update is required prior to the submission deadline, you can make the update and resave as FINAL.

If you require assistance or additional information, please contact info@mncun.org