Investing in the Future

Scholarship Program

We are no longer accepting Scholarship Applications for this year. Winners will be notified when the review process is complete.

Scholarships

W.C. (Wally) Ohlfs Scholarship

The Red Canoe college scholarship program was created in the memory of Wally C. Ohlfs, the founding manager of Red Canoe Credit Union. After founding the credit union while working for Weyerhaeuser Company, Wally served as the credit union Manager/President from its inception in 1937 until 1975 and was a tireless advocate for the credit union industry.

Awarded annually, this program provides six $4,000 scholarships for undergraduate students entering college or in the process of completing an undergraduate college or vocation school degree. To be eligible for this scholarship, you must:

  • Be a primary member in good standing
  • Have a cumulative high school or college GPA of 3.0 or higher
  • Plan to enroll in an accredited college or vocational school full time (12+ hours) for the upcoming academic year
  • Not be employed by Red Canoe Credit Union or serving on the Board of Directors
  • Be a graduating high school senior or an enrolling/returning undergraduate college or vocational school student
Image of Wally Ohlfs smiling and holding a telephone up to his left ear.

Brenda Godfrey/Jack Elms Scholarship

This scholarship honors two individuals who were an important part of Cowlitz Credit Union, which merged with Red Canoe in 2014. Brenda Godfrey was a long-time employee of CCU who lost her life to cancer. Jack Elms was a dedicated Board Member of CCU for over 20 years. This program awards one $4,000 scholarship annually to members who are entering or are enrolled in a graduate school (Master’s degree or higher). To be eligible for this scholarship, you must:

  • Be a primary member in good standing
  • Have a cumulative high school or college GPA of 3.0 or higher
  • Plan to enroll in an accredited college or vocational school full time (12+ hours) for the upcoming academic year
  • Not be employed by Red Canoe Credit Union or serving on the Board of Directors
  • Be a student enrolling in a graduate program or attending a graduate school

Scholarship FAQs

Rules

Applicants must:

  • Be a primary member in good standing (account is in your name listed first)
  • Have a cumulative High School or college GPA of 3.0 or higher
  • Plan to enroll in an accredited college or vocational school full time (12+ hours) for the upcoming academic year
  • Not be employed by Red Canoe Credit Union or serving on the Board of Directors
  • A graduating High School senior or an enrolling/returning undergraduate student

Applicants must:

  • Be a primary member in good standing (account in your name listed first)
  • Have a cumulative college GPA of 3.0 or higher
  • Plan to enroll in an accredited college/university
  • Not be employed by Red Canoe Credit Union or serving on the Board of Directors
  • A student enrolling in or attending graduate school  

Applications must be complete and submitted on or before March 31 at 11:59 p.m. (PST). Complete applications must include:

  • A high school or college transcript showing cumulative GPA
  • At least one letter of recommendation (maximum of 2)
  • A current high-resolution digital photo uploaded (to be used for publicity purposes of winners; this will not be used in the scoring process)

Late entries will not be accepted for any reason. For technical support with form submissions, please use the support button within the application; do not contact the credit union.

All eligible applications will be reviewed by a selection committee appointed by the credit union. Applications will be scored based on their answers to the essay questions, writing style and presentation, academic achievement, letters of recommendation and financial assessment. Photos of applicants will be excluded from the selection process and used only for publicity purposes post-award. The selection committee is committed to the equal opportunity of all applicants without regard to race, religion, color, sex, national origin, age or disability. All scholarship recipients will be notified by email by May 31; applicants who are not selected will not be notified.

Each scholarship awarded will be a one-time scholarship in the amount of $4,000. Applicants may reapply for subsequent years as long as they qualify. Upon verified registration, awards will be paid directly to the college, university or vocational school in the recipient’s name. Funds will not be disbursed to the student directly. Termination of the student’s enrollment or failure to maintain full-time status will result in cancellation of the award, and the remaining funds will be returned to the credit union. Funds may be forwarded to another accredited university upon request and proof of enrollment.

All applications and essay information become property of the credit union. By submitting your application, you agree to the terms of conditions of the publicity release and to have your name, photo, school information, and essay content used for publicity by the credit union.