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Magnifi Financial Scholarships

Magnifi Financial is offering $20,000 in scholarships to eligible members.

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Apply for a scholarship with Magnifi Financial

Apply for a Scholarship

We are excited to continue our scholarship program for our members! Magnifi Financial has helped students pay for their education for over a decade with scholarship money. Credit unions return profits to the members in many ways; this scholarship program is a great way for members to benefit from having an account with Magnifi Financial!


In a short essay or video, explain:

"Describe a time in your life that has shaped who you are as a person."

Essays and videos will be judged on creativity, originality, and the ability to deliver an impactful message. 

Complete the application on the Kaleidoscope platform at the link below. Applications are reviewed and scored by a Kaleidoscope panel of judges.

For application assistance, please contact the Kaleidoscope team: (656) 343-3445 or visit

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  • Be a member of Magnifi Financial
  • Be planning to attend an accredited college or university, or a two to four-year community, vocational or technical college. All eligible schools must be accredited by the U.S. Department of Education.
  • Be a full-time or part-time student at the school that you are planning to attend (can be traditional or non-traditional).
  • Applicant cannot be a previous recipient of a Magnifi Financial (or Central Minnesota Credit Union) scholarship.


  • November 1, 2022 - February 1, 2023: Essay and video applications are accepted
  • February - March, 2023: Essays are evaluated and scored
  • March 31, 2023: Winners will be announced by the end of March on this webpage
  • Late March - Early April, 2023: Winners will be contacted by email/mail

Scholarship Resources


2022-2023 Winners

If you're a winner listed below, you may submit a request for your scholarship funds after your Fall 2022 semester is completed. Please fill out this form:

Funds Request Form

$500 Essay Scholarship Winners

Alayna Kolb, Albany High School
Elena Schloemer
Grace Larsen
Rachel Panek, Albany High School
Emily Vossen, ROCORI High School
Tyler Weisser, Harvey High School

$1,000 Video Scholarship Winners
Brett Lueders, Perham High School
Megan Marcyes, LPGE High School
Macy Carlson, Paynesville High School
Savannah Walsh, ROCORI High School
Kaitlyn Gilk, Paynesville Area School
Sarah Olson, Blaine High School
Abigail Jopp, ROCORI High School
Annah Winter, Kimball High School
Hallie Hoffarth, Albany High School
Mallory Bents, BBE High School
Shanetta Reitmeyer, New York Mills High School
Brynn Johnson, Big Lake High School
Mikayla Roberg, Paynesville High School
Emily Felling, BBE High School
Madysen Haag, Eden Valley-Watkins High School

Winners can request scholarship funds at the end of their Fall 2022 semester. Form will be available in December 2022.

Minnesota Family Involvement Council

Offering $16,000 in scholarships to eligible credit union members.

Minnesota Family Involvement Council

View Information

Disbursements of Funds & Accountability

The recipient is responsible for providing Magnifi Financial with their 2022 Fall transcript, showing the official grades and proof of registration for Spring 2023 to receive scholarship payment. Recipients must maintain a minimum of a 2.0 on a 4.0 GPA scale, or equivalent of a “C” average in order to receive their funds. Must be redeemed from Magnifi Financial by May 31 of the qualifying school year. If any questions contact us at 888.330.8482 or on our Contact Us webpage

Financial need is not considered in the selection of the scholarship money. Employees and immediate family members of Magnifi Financial employees are not eligible to enter. Transcripts and letters of recommendation sent with the application will not be considered. Video entries must not be derogatory, offensive, threatening, defamatory, disparaging, and libelous or contain any content that is inappropriate, sexual, profane, indecent, slanderous, and discriminatory in any way.

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Join the Magnifi Family!

At Magnifi, you're not just a member-owner of an award-winning credit union, you become part of the Magnifi family and receive all the benefits and perks you need to succeed financially.

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