Each year, we sponsor a special scholarship just for veterans. The award is for $2,000, and can be used on both graduate and undergraduate expenses. The scholarship is awarded in honor of Oliver N. King, a long-time employee of the Veterans Administration and a dedicated credit union member and official.
The David E. Bergstrom Memorial Scholarship is awarded to two high school students who intend to further their education through a trade school, apprenticeship program, community college, or state or private university. The $1,000 scholarships are awarded to the applicants who best exemplify Dave’s courage, spirit, and dedication.
The program was developed to honor the late David (Dave) E. Bergstrom who was the President/CEO of the Magnolia 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.