Investing in the Future

Scholarship Program


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 scholarship program is for graduating high school seniors.


  • Graduating high school seniors entering their first year of college or vocational school. (Students participating in “Running Start” or programs earning college credit simultaneously are eligible.
  • Enroll in accredited college or vocational school full-time (12+ hours per term).
  • Have cumulative HS GPA of 3.0 or higher.
  • Primary member in good standing and have his or her own account number. (Listed on your parent’s account will not qualify)
  • Not be employed by or on the Board of the credit union.
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 scholarship awards one $5,000 scholarship annually to members who are starting their higher education later than immediately following high school graduation, or entering graduate school. If you’re not currently a graduating high school senior, this scholarship program was designed for you.


  • Adult learners who didn’t go to college directly after high school or receiving their GED.
  • Students who experienced an interruption in their college education for at least one year and are returning.
  • OR, students entering graduate school.
  • Applicants must enroll in an accredited college or vocational school.
  • Primary member in good standing (listed first on your account as the primary owner).
  • Not be employed by or on the Board of the credit union.