National ATMsMagnifi Financial Scholarships
Magnifi Financial is offering $20,000 in scholarships to eligible members.
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 2025-2026 school year.
The 2025 Scholarship applications are accepted November 1, 2024 - January 31, 2025.
APPLICATION
In a short essay or video, explain:
"How do you see technology shaping the future of banking? What innovations or changes could make banking easier and more impactful for individuals and communities?"
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 help.mykaleidoscope.com
ELIGIBILITY
- 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 2025. 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.
TIMELINE
- November 1, 2024 - January 31, 2025: Essay and video applications are accepted.
- December 1, 2024 - Previous year scholarship winners listed below can submit a request to collect scholarship funds.
- February - March 2025: Essays are evaluated and scored
- March 2025: Final verification of recipients.
- March - April 2025: Winners announced on this webpage and contacted by email/mail.
2024 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 -
Ridgewater College
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
The above
winners can request their scholarship funds
December 2, 2024 - May 30, 2025.
Minnesota Family Involvement Council
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.
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.
