Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
$80K For LICU Summer Interns To Be Provided By NCUA
WASHINGTON (4/29/13)--Up to $80,000 in funds will be made available to successful credit union applicants through the 2013 round of the National Credit Union Administration's Student Internship Grant Initiative.

The agency program provides individual grants of up to $4,000 to help eligible credit unions hire student interns during the summer months. Program funding is provided through the Community Development Revolving Loan Fund.

"The Student Internship Grant Initiative provides the next generation with the opportunity to gain professional experience, enhance job skills, and learn more about the credit union industry," NCUA Board Chair Debbie Matz said. "Additionally, this initiative allows low-income credit unions to find and groom the industry's future leaders. The infusion of new and diverse talent will assist credit unions to continue to improve their member services," she added.

Only low-income designated, financially viable credit unions may take part in the grant program. The grants can only be used for student internship costs, the NCUA said. Further, credit unions that received grants in 2012 may not reapply in 2013. A combined $106,000 was awarded to 24 credit unions during the 2012 round of the program.

Applications will be accepted between May 1 and 20. The NCUA's Office of Small Credit Union Initiatives will approve applications on a first-come, first-served basis. Funding awards will be announced in mid-June, the NCUA said.

To apply for the grant program, use the resource link.

Additional grant initiatives for 2013 will be announced in mid-June, the NCUA said.
Other Resources

NCUA Release
RSS





print
News Now LiveWire
Sony hack linked to N. Korea, says U.S.intelligence via @nytimes http://t.co/fE3PtMgEFz
11 hours ago
.@CUNAMutualGroup Klewin shares final thoughts, forecast on lending regulations with @cumagazine before retiring http://t.co/v78QY3QwqB
14 hours ago
Current @CUNA COO @JillTomalin promoted to deputy chief of staff
15 hours ago
#CU Effect:@ChartwayFCU 'branch of the future' 2 benefit members, staff. 2nd installment of new News Now series here:http://t.co/ImBY4nupEj
16 hours ago
U.K. regulators have given formal authorization for the @c_of_e to form a #creditunion.
16 hours ago