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 that 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, bringing us into Grand Rapids. Most recently, 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.
2020 graduating high school seniors who plan to attend an accredited college or university are invited to complete and submit an application. We will be awarding a total of eleven scholarships, in the following amounts:
- 1 - $2,500
- 5 - $1,000
- 5 - $500
Completed applications and all supporting documents, including recommendation letters, must be submitted online, emailed, hand-delivered or postmarked by March 31, 2020.
Finalists will be notified in the spring and scholarship funds will be available to the recipients January 31, 2021.
To apply, complete our online application below, or print an application and send all materials to:
Members Cooperative Credit Union
Attention: Alicia Crotteau
PO Box 161527
Duluth, MN 55816
2020 Future Leaders Scholarship Application
The application deadline has ended.
We thank the many students who submitted an application this year.
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