News & Announcements
Northwoods Credit Union Wins Community Service Award
Cloquet, Minn. - Northwoods Credit Union of Cloquet has been honored with a 2019 Dora Maxwell Social Responsibility Community Service Award. The award, sponsored by the Minnesota Credit Union Network (MnCUN) and the Credit Union National Association (CUNA), recognizes credit unions for the activities they coordinate that benefit their community or a specific charity.
The credit union was honored for the ‘Together we can do great things’ program, which raised money for the area food shelves with a great deal of help from our members.
“Northwoods Credit Union is committed to our communities,” said Northwoods Credit Union CEO, Doug Wolf. “We saw a need during the holidays which inspired an idea for a loan promotion that gave members cash back but also allowed them the choice to donate part of that cash to their local food shelf. Then we, in turn, would match their donation up to $50 per loan. The members were overwhelmingly generous with their donations and together we were able to donate more than $5,000.00!”
Northwoods Credit Union’s winning entry will advance to the national competition, where it will compete with financial education projects from credit unions in other states.
The award is named in honor of Dora Maxwell, an early credit union pioneer. One of the original signers of CUNA's constitution at Estes Park, Colorado, Maxwell worked as an organizer for the movement's trade association (then called the Credit Union National Extension Bureau) and held numerous volunteer positions at the local and national level. In addition to organizing hundreds of credit unions, she developed volunteer organizer clubs and worked with organizations on behalf of the poor.
$20,000 in Scholarship Money Available
In a partnership with the Minnesota Credit Union Foundation Scholarship Council (FSC), we are pleased to offer a scholarship program exclusively to credit union members to help further their pursuit of education.
For the 2019-20 school year, $20,000 in scholarships will be awarded to college students in traditional (high school seniors entering college) and non-traditional categories. Each recipient will be awarded $1,000 each.
Complete an application and essay online at mnfsc.org
2019 Essay Question: “What is your plan to afford the costs of higher education based on your anticipated degree and future career income?” (Essay tips: Please share your personal story; use the specifics you identified in the preliminary questions to write your essay)
Funds for the FSC’s scholarship program are raised each year from the Dice and Ice fundraising event and during the committee’s silent auction, which is held during the Minnesota Credit Union Network’s Annual Meeting & Convention. Questions to Kate Mason at [email protected] OR FSC at [email protected]