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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!

This year, the Magnifi Financial Scholarship Program will award twenty (20) $1,000 scholarships to students of all ages with plans to enroll at a qualifying post-secondary school during the 2024-2025 school year.

The 2024 Scholarship submission period is now closed.

Winners announced on March 20, 2024, and contacted by email/mail.


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. 

The scholarship submission period is closed. Applications are reviewed and scored by a Kaleidoscope panel of judges.

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


  • 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 in Fall 2024. 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, 2023 - January 31, 2024: Essay and video applications are accepted
  • December 1, 2023 - Previous year scholarship winners listed below can submit a request for scholarship funds.
  • February - March 2024: Essays are evaluated and scored
  • March 2024: Final verification of recipients
  • March 20, 2024: Winners announced on this webpage and contacted by email/mail.

Scholarship Resources


2024-2025 Winners

If you're a winner listed below, you may submit a request for your scholarship funds after your Fall 2024 semester is completed.

$1,000 Scholarship Winners
Jenna Andersen - Minnesota State University – Mankato
Hope Aronson - University of South Dakota – Vermillion
Grace Bergeron - University of Wisconsin - Milwaukee
Jill Blomdahl-Skanson - Saint Mary’s University
Owen Brick - Undecided
Jaden Hackel - University of Wisconsin – La Crosse
Zachary Hemmesch - University of Central Florida
Katelyn Hoffarth - North Dakota State University
Porter Kuechle - Ridgewater College
Tibbe Luell - Metro State University
Logan Meinert - University of Wisconsin – Eau Claire
Zachary Meyer - Lawrence University
Nora Miller - Drake University
Isaak Miller - Alexandria Technical College
Madison Mitchell - North Dakota State University
Chris Paduveris - University of Minnesota
Drew Pundsack - North Dakota State University
Ella Roggeman -University of Minnesota
Samantha Stoffers - University of Cincinnati
Garrett Waldvogel - University of Minnesota - Duluth

Winners can request scholarship funds at the end of their Fall 2024 semester using the below button.

Minnesota Family Involvement Council

Offering $18,000 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 Fall transcript, showing the official grades and proof of registration for Spring classes 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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