CHEYENNE, WY – Blue Federal Credit Union is proud to announce they have awarded a total of six (6) $2,000 scholarships to community high school graduates pursuing higher education.  The scholarships are awarded through the Credit Union’s Blue Foundation, a 501(c)(3) non-profit charitable organization that was founded to help the Credit Union fulfill its “Do Good” mission.

The Foundation scholarship individual awards were increased from $1,000 per student in 2016 to $2,000 in 2017 and can be used for tuition, books, housing and other college necessities. After receiving 68 applications, the Foundation organized a committee made up of local educators and community leaders to deliberate and select the recipients.

“It was so difficult to narrow down so many amazing candidates for these scholarships,” said Michele Bolkovatz, Secretary Treasurer for the Blue Foundation and Blue Federal Credit Union’s Vice President of Marketing. “I’m so humbled to see the talent that our community high schools are producing; it was an incredibly tough decision to select our finalists.”

An unexpected and happy outcome was the selection committee’s decision to award a sixth $2,000 scholarship this year, an increase from the original five (5) slots announced in early 2017.

“After careful review of the candidates, the committee felt strongly that a sixth scholarship should be awarded to another student and we couldn’t be more excited to help a deserving individual pay for their education,” said Bolkovatz.

The recipients of the 2017 Blue Foundation scholarship include: Sarah Kyrsl (Dordt College), Jenna Wichmann (University of Wyoming), Sawyer Ruben (Michigan State University), Jackson DePenning (University of Colorado – Boulder), Theodore Dulchinos (Santa Clara University), and Angelina Gregg (undecided). Each student was presented their $2,000 scholarship at the Blue Federal Credit Union Annual Meeting on June 8. The winners are all members of Blue, which currently serves over 75,000 members in the Colorado communities of Broomfield, Boulder, Fort Collins and Wellington and in Cheyenne and Laramie, Wyoming.

Blue is committed to education and the communities they serve.  In addition to scholarships, the Credit Union provides financial education seminars and resources to improve financial literacy in our communities. To learn more about the Blue Foundation, visit


Blue Federal Credit Union is a not-for-profit financial institution serving the communities of Wyoming and Northern Colorado. Our purpose is to create a true cooperative that’s connected to and inspired by the communities we serve, committed to building lifelong relationships with our members and recognizing their loyalty, and guided by the belief that their success is ours. Please visit for more information.