Freeborn Mower Electric Cooperative offers scholarship opportunities – Albert Lea Tribune

Freeborn Mower Electric Cooperative announced several scholarship opportunities on Friday:

Chance of the Draw Scholarship:

Ten bursaries of $1,000 each are offered to high school graduates in the region. Student, parents/legal guardians must be active members of Freeborn Mower Electric Cooperative at the time of the draw and reside in the co-operative’s service territory. Proof of enrollment as a full-time student in the Fall 2022 term is required before funds are disbursed to the college. Application and essay forms can be downloaded from www.fmec.coop and are available at the cooperative’s office. The deadline to apply is March 11. The prizes will be awarded by lottery at the cooperative’s annual meeting on March 26.

Lineworker Scholarship:

Two bursaries of $1,000 each for post-secondary training in powerline work are also offered to students. Lineworker scholarship applicants must show acceptance into a lineworker training program or proof of being on a waitlist for the next open application period. Preference will be given to members of Freeborn Mower Electric Cooperative and residents of Freeborn and Mower County. Selection criteria will be based on academic achievement, academic and community engagement, work history, and essay submission. Application materials are downloadable from the co-op’s website or can be obtained from the co-op’s office. Applicants must complete and submit the scholarship application by May 1.

Riverland Community College:

The co-op also offers scholarship opportunities at Riverland Community College to be awarded to children of members of the Freeborn Mower Electric Cooperative and adult members of the cooperative who are return to school to continue their studies. To be eligible for a Riverland Community College scholarship, applicant must be a current member of Freeborn Mower Electric Cooperative and demonstrate financial standing need. The scholarships are available for full-time students in any field. Non-traditional students are encouraged to apply. Applications are available from Riverland Community College.

“One of the seven guiding principles of cooperatives is concern for the community. The importance of higher education is clear, so offering scholarships is a wonderful way to strengthen our local communities,” explained Mary Nelson, Director of Cooperative Relations.

Freeborn Mower Electric Cooperative operates as a not-for-profit entity. The cooperative’s margins, the amount of income that exceeds expenses, are shared by the cooperative’s members through its capital credit system. Undeliverable and unclaimed capital credits are used to fund scholarships in accordance with Minnesota law.

“Scholarships provide a way to return funds to the communities from which they were generated. Otherwise, the funds would be forfeited by the state,” Nelson said.

Questions regarding any of the Freeborn Mower Electric Cooperative scholarships can be directed to Lori Jimenez at [email protected] or by calling 507-379-8852 or 800-734-6421.

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