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Thank you for your interest in the Wakota FCU's Mary Ann Kosel Memorial Scholarship. 

Who was Mary Ann Kosel?

Mary Ann Kosel had a profound influence on credit unions in Minnesota that has spanned over 50 years - as a member, employee, volunteer, director, mentor, counselor, facilitator, consultant, and most of all a friend to all. Her welcoming and kind spirit was always appreciated. She brought a peaceful calm and clarity to all interactions.


She became a member of Wakota FCU in 1991 and shortly thereafter was appointed to the Supervisory Committee. She was then elected to the Board in 1996 and served 7 consecutive 3-year terms until resigning in 2017.

Wakota FCU was fortunate to have her in an executive role on our board and serving as the Chair during most of that time. Not only did she sit on the board, but she served on every committee the credit union ever had during her tenure.  


Mary Ann believed strongly in the credit union principles "People helping People", and "Cooperation Among Cooperatives", and was personally instrumental in perpetuating the movement here in Minnesota.


In 2017 Mary Ann received one of the highest honors given by the Minnesota Credit Union Network, the Minnesota Credit Union Foundation CU Builder Award on behalf of Wakota Federal Credit Union and South Metro Federal Credit Union where she was a long time employee. As well as for her advocacy and volunteer work at the many, many small credit unions she has helped throughout her lifetime.


She will always be remembered, honored, and loved. To honor her cooperative spirit, Wakota established this annual scholarship in her name.

WFCU is offering one (1) scholarship in the amount of $1,000.


Scholarship applicants must be one of the following type of students:

  • Current high school student graduating in 2023
  • Post high school student, current college student or those returning to post-secondary after some time off.

Scholarship applicants must meet the following eligibility criteria:

  • Be a member of Wakota Federal Credit Union in good standing at time of application and disbursement. The applicant must be a member and not a joint member. 
  • Enrolled or plan to attend an accredited, trade school, community college, or university in an undergraduate or graduate program (both master and doctorate) in the 2023-24 school year.
  • Awards will not be disbursed until the student is accepted and enrolled in an accredited institution. Funds will be distributed to the student and school.
  • Information provided on the application must be accurate and solely the authentic work of the applicant.

Other Notes:

  • Financial need is not considered in the selection of the scholarship recipients.
  • Scholarship is awarded based on essay only.
  • Employees and volunteers of Wakota Federal Credit Union along with their immediate family and household members are not eligible to enter.
  • By submitting your candidacy for the application, you release permission to use your photograph, video, name, and/or quotation in marketing and promotional


Applications must be submitted electronically by 11:59 p.m. CST Saturday, April 1, 2023. Applications submitted after the deadline will not be considered.

Submit an essay not to exceed 500 words answering the essay question for this scholarship period. Do not use your name or the name of any Wakota FCU employees, volunteers or members in your essay or on the essay page. ​Essays that include identifying names will be automatically disqualified.

The winner will be announced at Wakota FCU's Annual Meeting of the Membership scheduled for Wednesday, April 26, 2023. The recipient will be notified with further instructions after the meeting.


Choose a person or persons you admire and explain why?

Essay response should be 500 words or less. Judging is based on content, creativity, and grammar/ spelling.

* Contact Info- Name
* Email
* Phone Numer
* Address
* Which of the following are you?
* Name of trade school, community college, or university you will be attending or plan to attend in 2023-24
* What is your anticipated career profession or future occupation?
* How long have you been a member of Wakota FCU?
* How did you come to have a membership at Wakota FCU and why did you choose the credit union?
* List your honors, achievements and extra-curricular activities.
* Essay Question: Choose a person or persons you admire and explain why?

Essay response should be 500 words or less.  For judging purposes, please do not use your name or any identifying names in your essay. Essays that include name(s) will be automatically disqualified.

* By submitting the application form, I attest that the information provided is accurate and solely my authentic work. My name, words, and photo can be used in various media. If selected as a scholarship recipient, I attest to share a personal photo image to be used in various media.