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Centricity Credit Union Foundation


Established as the philanthropic arm of Centricity Credit Union in 2021, the Centricity Credit Union Foundation is dedicated to strengthening our community through charitable giving, community involvement, and financial education.

The Centricity Credit Union Foundation is raising money to support our purpose allowing us to support other 501(c)s in our local area, fund scholarships for local schools, and give back to our community though donations, as well as providing financial education through in school and online financial literacy programs.

Main Focuses:

  • Community Involvement
  • Charitable Giving
  • Financial Education

Board of Directors

Doug Ralston – President
Scott Christensen – Vice President
Connie Carter – Treasurer

Erin Olson – Secretary
Mark Thorsten – Director
Sharesse Edwards – Director


  • The Dick Veech Scholarship is awarded to a Hermantown High School senior athlete who participated in at least one varsity sport, met eligibility requirements, is a conscientious student in the classroom, and active in their community.

    Dick Veech was the youngest of five children who grew up living in a Jackson Project home, right alongside the Hermantown School. He attended Hermantown School K-12. Dick Veech was a conscientious student, wonderful classmate in the class of 1953, and was a very talented athlete. Some say that Dick was one of the best basketball players ever in 73 years of Hawks hoops to wear the blue and gold. He went on to U.M.D to become a geography and physical education teacher, and played basketball for the bulldogs all four years as “mighty mite” guard. He cared deeply for his family, his students, his athletes, his friends, and his community. He freely showed his emotions, spoke his mind on current issues, enjoyed a hearty meal, liked good conversation, attended hundreds of Hermantown Hawks’ sporting events, and was a true friend to many.

    This scholarship was established in memory of long-time Hermantown teacher and coach Dick Veech by the Centricity Credit Union Foundation for $1500.

    Please contact Pam Pilon at regarding the scholarship or to send in your application.

  • Who’s eligible?

    The Centricity Credit Union Foundation Scholarship Program is open to all members in good standing at Centricity Credit Union.


    Who qualifies?

    Any individual planning to pursue or continue post-secondary education by attending a college or university, graduate school, or a 2-to-4-year community, vocational or technical college in fall 2024 is eligible.

    All eligible schools must be accredited by the U. S. Department of Education.

    Traditional (high school students who will be attending first year of post-secondary)

    Non-Traditional (those currently attending post-secondary, trades, returning to school,
    or in graduate school)


    How many scholarships are being given out and what are the dollar amounts?

    Centricity Credit Union Foundation will be awarding 2 scholarships totaling $2000 in 2024.

    • 1 Traditional Scholarships: $1000.00
    • 1 Non-Traditional Scholarship: $1000.00


    What is the application time frame?

    Application period: May 1, 2024 – July 31, 2024

    Scholarship recipients will be notified mid August, 2024


    How to apply?

    To apply, complete an online or paper one-page application form and 500 words or less essay answering the following question: “Explain how financial literacy can improve your wellbeing”

    Mail: Centricity Credit Union Foundation, 4477 LaVaque Road, Hermantown MN, 55811

    Online: Online Application


    Essays must be typed. Handwritten essays will not be considered.

    Transcripts and letters of recommendation will not be considered. Application materials will not be returned and become the property of Centricity Credit Union Foundation.

    Applications must be completed and postmarked or submitted electronically by midnight on July 14, 2023.


    Disbursement of Funds & Accountability

    Must be redeemed from Centricity Credit Union Foundation by March 31, 2025.

    Winners must provide an acceptance letter.

    A check will be written out the student and attending school.