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Dupaco foundation to award $60,000 in college scholarship money

DUBUQUE, Iowa—The Dupaco R.W. Hoefer Foundation scholarship program will be awarding a total of $60,000 to 30 students within three separate programs. Online applications are now available for the 2023 scholarship program. The scholarship program includes opportunities for both first-time, incoming students as well as current college students returning for the next academic year:

  • First-Year Students
    • 4-Year College University Program: Ten $2,000 scholarships will be awarded to first-time, full-time, incoming freshmen who plan to attend an accredited four-year college or university for an undergraduate degree for the 2023/2024 academic year.
    • Community College/Trade School Program: Ten $2,000 scholarships will be awarded to first-time incoming students who plan to attend an accredited community college, trade school or technical college for a degree or certificate for the 2023/2024 academic year.
  • Current College Students
    • Current College Student Scholarship Program: Ten $2,000 scholarships will be awarded to students currently enrolled and attending a college/university, community college or trade school as an undergraduate student and will return for the 2023/2024 academic year. Students can be working towards an undergraduate degree or a certificate.

The online application, instructions and additional details regarding the scholarship program can be found at The deadline to apply is 11:59 p.m. (CT) Wednesday, Feb. 22, 2023.

Applications are awarded based on academic achievements, employment, extracurricular involvement, financial need, community involvement and either a video or essay submission.

Dupaco Community Credit Union recognizes that education is the path to a sustainable financial future. By providing needed financial aid to college-bound students, the scholarship program helps them realize their potential, according to Dupaco R.W. Hoefer Foundation board member Bob Hoefer.

“Dupaco sees higher education as an investment in the future,” Hoefer said. “By making this scholarship money available, we hope to help make the dream of attending college a reality for these students.”

Scholarship winners will be notified by April 5, 2023.

Dupaco Community Credit Union is a not-for-profit, member-owned financial cooperative headquartered in Dubuque, Iowa. It is dedicated to the financial well-being of its members, and specializes in personalized financial counseling, money advice and education. It offers savings, loans, investments, insurance and wealth management products for individuals and businesses. Dupaco serves residents in 118 counties throughout Iowa, northwest Illinois and southwest Wisconsin. Founded in 1948 by ten Dubuque Packing Company employees, membership has grown to more than 153,000 with assets exceeding $2.9 billion. It has more than 650 employees and 22 branch office locations. Dupaco is a Community Development Financial Institution (CDFI). It is a Forbes Best-in-State Credit Union and a Des Moines Register Top Workplace. Learn more at

The Dupaco R.W. Hoefer Foundation was established in 2011 to honor the retirement of 47-year employee and long-time Dupaco Community Credit Union President and CEO Robert W. “Bob” Hoefer. The Dupaco R.W. Hoefer Foundation, a 501(c)(3) organization, reflects the spirit of Dupaco’s mission of improving peoples’ financial positions and enhancing the quality of life. The foundation is designed to carry on the Bob Hoefer tradition of providing personal financial assistance and coaching to help hardworking and financially prudent people recover from unforeseen life events and to increase their opportunities for financial stability through education. Learn more at

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