5.45% 4.74%
On 20-Year Fixed-Rate Loans: On 10-Year Fixed-Rate Loans:
(Plus Program Fees of 0.89%) (Plus Program Fees of 1.08%)
10-year debentures to fund again in May.
(Interest rates subject to change) .
CROONQUIST SCHOLARSHIP

The Wilt Croonquist Scholarship was introduced on November 2, 2006 in recognition and appreciation for Croonquist's many years of service on the MBFC Board of Directors.

The scholarship will be awarded annually to a qualified applicant electing to attend the Upper Midwest Basic Economic Development Course held every July at the University of Minnesota – Duluth. The course, accredited by the International Economic Development Council, is an intensive, week-long program focusing on the theory and practice of economic development fundamentals.

The scholarship was established to allow individuals, like Wilt, who have enjoyed a career in business or industry, but, rather than retiring, have chosen to give back to their community and to the state of Minnesota by beginning a second career in economic development, bringing the skills and experience gained in their fields into the public realm.

Sadly, hours after learning of the establishment of the scholarship, Wilt passed away after a year-long battle with cancer. His contributions to the economic development community, to MBFC, and to numerous charitable causes will be long remembered.

About the International Economic Development Council
The International Economic Development Council (IEDC) is a non-profit membership organization dedicated to helping economic developers do their job more effectively and raising the profile of the profession. When we succeed, our members create more high-quality jobs, develop more vibrant communities, and generally improve the quality of life in their regions.

For more information about the Upper Midwest Basic Economic Development Course, please call (218) 726-6793 or visit their web site at www.umdced.com/bedc.
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