There's a reason we call you "young adults." You're not a child to us -- "adult" is right there in the name! At Magnolia FCU, we treat you with every bit of the respect you deserve. You have financial needs just like the grown-ups -- big dreams and plans for the future. Start preparing for that future with these accounts designed especially for you.

College Scholarship

David E. Bergstrom Memorial Scholarship Program

The David E. Bergstrom Memorial Scholarship Program is for high school seniors who intend to further their education through a trade school, apprenticeship program, community college, or state or private university. Two $1,000 scholarships will be awarded.*

The program was developed to honor the late David (Dave) E. Bergstrom who was the President/CEO of the Magnolia Federal Credit Union (formerly Jackson VA Federal Credit Union) from 1990 to 2003. Dave was an astute businessman who achieved remarkable success in his 30-year career in the credit union industry. Dave received his Bachelor of Arts Degree in Psychology and Political Science from St. Cloud State University in St. Cloud, Minnesota, and strongly believed in the benefits of higher education.

Scholarship funds will be awarded to those students who best exemplify Dave's courage, spirit, and dedication. Scholarships will be awarded for students to pay for tuition, books, school supplies, etc. A committee will review candidate applications and the scholarships will be presented on or before July 1.

Important Qualification Information:

All applicants must be a member of Magnolia Federal Credit Union to apply for this scholarship program (applicant must be the primary member, not a joint account holder, beneficiary, or family member of a current member). Applicants who do not have an account with Magnolia Federal Credit Union may join at the time of application for the scholarship. The deadline to apply for the scholarship program is May 31.

To apply:

In order to apply, all applicants must complete the David E. Bergstrom Scholarship Application form, provide a copy of their school transcript, and write an essay (500 word maximum) describing post-graduation plans and goals pertaining to the applicant's chosen field of study.

Application, essay, and school transcript should be mailed to:

Attn: Marketing

Magnolia Federal Credit Union

240 Briarwood Drive

Jackson, MS 39206

*The Scholarship Committee reserves the right to award fewer scholarships based on the number of qualified applicants.