THFCU members are eligible to apply for one of four $1,000 college scholarships.  Two scholarships will be awarded to high school seniors graduating in the spring of 2018, and two additional scholarships will be awarded to current college students or those returning to post-high school education. 

All awards will be given for the 2018-19 academic year.  Deadline to apply is March 30, 2018.  This program is exclusive to members of Two Harbors Federal Credit Union and just one more benefit of membership in THFCU.  Click here for your application packet and complete rules of entry.

BONUS SCHOLARSHIPS! The Foundation Scholarship Council is an organization formed and funded by Minnesota’s Credit Unions. Each year they offer thousands in scholarships to members of credit unions in Minnesota.

In 2018, the Council will be awarding $20,000 in college awards – two $3,000, two $2,000, and ten $1,000 scholarships.

Members of THFCU pursuing post-secondary education in the fall 2018/spring 2019 are eligible to apply, but must do so by February 1st. Applicants complete a short form and essay to be considered. This year’s essay question: What is your best-ever consumer experience? Where was it and what made it so great?

Find out more and apply at

Apply for Scholarship


Holliday Promotion

The spirit of the holiday season was at THFCU during the month of December!

Early in the month, members lined up delicious holiday treats during our seasonal open house. A week later we welcomed dozens of young boys and girls to the THFCU Kids’ Christmas Party. Our young guests enjoyed cookies, cocoa, crafts and a visit from Santa. Winners of our drawing were Isabelle and Tyson.

Over the past few weeks THFCU members and employees gave generously to our Holiday Gift Match program. For every dollar raised, THFCU matched it with two dollars more, up to our goal of $1,000.

That goal was met and on behalf of our generous members we were able to provide clothing and presents to two needy families in our community. We were also able to provide contribution to the Co-Op Light and Power Toy Drive.

What a fun and heart-warming holiday celebration. We’re proud of our members, and delighted to give back so much to the Two Harbors Community. Wishing holiday cheer to you this season – we look forward to 2018!

Holliday Info

Who loves CO-OPs? Nearly 200 turned out to share their love of cooperatives in our joint appreciation day with Cooperative Light and Power (CLP) in October.

Members of both CLP and THFCU have a lot to love. By owning the organizations they do business with, they know they’ll always have a voice and will regularly enjoy superior service.

After serving lunch and dessert to our visitors, Randy and Erin from THFCU met with CLP’s Steve and Sarah. Then it was time to deliver prizes to eight members who won $25.00 gift cards, and finally our grand prize – An iPad to THFCU member Fred K.

Congratulations to all of our winners, and we look forward to future member events and collaboration with our friends at CLP.

WINcentive pays David $100

Member David Trieschmann is the first THFCU WINcentive winner! David was recently awarded $100, simply for saving money at Two Harbors Federal Credit Union.

WINcentive acts like a typical THFCU savings account, earning above-market dividends and boasting federal deposit insurance on balances up to $250,000. Where it differs from a traditional savings account is in its ability to pay much bigger rewards.

“There’s nothing quite like it,” said THFCU President/CEO Randy Willert, “Every time you make a deposit to the account you receive an entry into a drawing for cash.”

Those drawings number in the hundreds over the course of the year, and are exclusive to credit union members in Minnesota with a WINcentive account. Currently only twenty credit unions in Minnesota offer WINcentive, and Two Harbors Federal is the only provider in northeast Minnesota.

Every time a participant increases their savings balance by $25 in a given month they are automatically entered into the contest (maximum of four entries per month). “It’s about getting into a habit,” said THFCU Vice President of Operations Jerry Hostetter, “Practically everyone wants to save a few extra dollars each month. But life gets in the way. We forget or get otherwise distracted. By providing that extra incentive, we’re keeping saving top-of-mind.”

Learn more about WINcentive.

THFCU's FIRST WINcentive Winner

THFCU staff welcomed students back to school in late August with supplies and prizes.

Open houses at Minnehaha Elementary and Two Harbors High School provided space for the credit union team to hand out notebooks and take entries for backpack drawings.

THFCU employees Erin and James spoke to hundreds of families and donated over 300 notebooks to incoming students. Congratulations to Tyler (pictured) and Layton from Minnehaha, and to Cameron (pictured) and Ariana from Two Harbors High School. Each was a winner of a new backpack and are ready to start school in style!

Special Olympics - Torch Run

THFCU employees participated in the Special Olympics Torch Run, which made its way through Two Harbors in late June. The benefit was part of a multi-day event that spanned more than 2,000 miles across the state of Minnesota culminating in the Celebration Ceremonies in Apple Valley.

The Torch Run, organized by Minnesota Law Enforcement, is the largest grassroots fundraising and public awareness campaign benefitting the Special Olympics.

THFCU employees and friends joined the "Flame of Hope" as it traveled from Burlington Bay through downtown Two Harbors and back over to the Lake County Arena. Team THFCU’s participation also raised money for this important cause. To support Special Olympics Minnesota visit

Torch Run - Team THFCU
Youth Month Winners

April was Youth Month at Two Harbors Federal Credit Union. We had great fun as our young members learned valuable lessons about saving money, showed off their artistic style with our coloring page, and won exciting prizes!

Over 80 youth made deposits during the month, and many new savings accounts were opened.

Prize winners:

  • 14” Bike - Rylee
  • 18” Bike - Keegan
  • $50 Amazon Gift Card - Bryce
  • $50 Amazon Gift Card - Jimmy

Monty the Money Monkey and his friends at THFCU thank all who were able to visit us in April. It was so much fun we’re going to do it all over again next year!

Rylee and Keegan

Talking Issues with Rick Nolan

Recently Two Harbors Federal Credit Union President/CEO Randy Willert visited with U.S. Representative Rick Nolan to discuss issues facing credit union members. Randy, along with other Minnesota credit union leaders, visited Congressman Nolan’s offices in Washington, D.C. to address the following:

  • Regulatory Burdens. Regulation aimed at Wall Street banks inadvertently stifles credit unions’ ability to provide our members with safe and affordable services.
  • Stopping Merchant Data Breaches. When merchant data breaches occur, credit unions (and their members) bear the costs of the breach. Merchants should be held to the same standards as banks and credit unions.
  • Preserving the Credit Union Tax Status. Credit unions are exempt from federal income tax due to our not-for-profit status. A tax on credit unions is a tax on the members we serve.

The issues facing credit unions nationwide impact Two Harbors and surrounding communities. We’ll continue to make our legislators aware of the value of our not-for-profit, member-owned credit union.

Community Curling Challenge

Two Harbors Federal Credit Union was a proud participant in the 2017 Winter Frolic. The Frolic helps us all embrace the cold months of a North Shore winter, featuring a variety of family-friendly activities sponsored by THFCU and other local businesses.

Team THFCU (Tim, Mandy, Yancy and Erin) demonstrated their skills in the Community Curling Challenge. It was a great weekend, and an event that we are proud to sponsor each and every year!

Giving Back THFCU Food Shelf Donation

At the close of each year Two Harbors Federal Credit Union enjoys a holiday tradition of Giving Back. Donations are requested of our membership, and for every $1.00 raised, the credit union matches with $2.00.

Money raised supports a variety of causes all within the Two Harbors community.

This year we met our goal early and were able to purchase gifts, clothes and food for two local families, with remaining funds donated directly to the Two Harbors Food Shelf.

THFCU President Randy Willert and Vice President of Operations Jerry Hostetter are pictured delivering funds to representatives of the Food Shelf. Proceeds were donated on behalf of Two Harbors staff, volunteers, and members.

We thank you for your continued support of our Holiday Gift Match. We are proud to represent you as we Give Back to our community!

Hours & Location

Mon - Fri 7am to 6pm

Lobby Hours:
Mon & Fri 8am to 6pm
Tues, Wed, Thur 8am to 5pm

Located at:
801 11th Street
Two Harbors, MN 55616

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