From eight to forty-eight thousand. A few good people can empower generations.
In the spring of 1936, a group of eight people from the Cloquet area - seven men and one woman- envisioned a better way of getting the financial services they and their community needed. They became the charter members of Cloquet Co-op Credit Union. Each person deposited $5 and formed the organization with just $40 in capital.
In the decades that followed, MCCU grew, adding branches and expanding into Duluth, McGregor and Aitkin. In 2015, we merged with Lake State Credit Union, integrating our Moose Lake, Sandstone, North Branch and Isanti locations. In 2017, we merged with Lakes Area Federal Credit Union integrating into Grand Rapids. In February of 2018, we expanded into the Brainerd Lakes Area opening a branch in Baxter.
Today, our family has grown across the state, to tens of thousands of members. Their confidence and continued support have made MCCU the largest credit union based north of the Twin Cities. We’re proud of our growth, but we’re more proud to continue the community-focused legacy our founders envisioned, and to empower new generations of members and their families.
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Talk about a worthwhile investment! MCCU is proud to support the academic endeavors of students in our communities with our annual Future Leaders Scholarship awards.
Graduating high school seniors who plan to attend an accredited college or school and are invited to complete and submit an application. We will be awarding a total of 11 scholarships, the amounts are as follows:
- 1 - $2,500
- 5 - $1,000
- 5 - $500
Completed applications and all supporting documents, including recommendation letters, must be submitted, emailed, postmarked or hand-delivered by March 31, 2019.
Finalists will be notified in the spring and scholarship funds will be available to the recipients January 31, 2020.
To apply, complete our online application below, or print an application and send all materials to:
Attention: Alicia Crotteau
4628 Mike Colalillo Drive
Duluth, MN 55807
*Counties - Aitkin, Carlton, Chisago, Cook, Crow Wing, Isanti, Itasca, Kanabec, Koochiching, Lake, Pine, St. Louis or Washington Counties
2019 Future Leaders Scholarship Application
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