Communicating Arts Credit Union of Detroit, Mich., increased its paid summer internships to students this year despite the current economic environment. The $30 million, 8,000-member credit union was able to employ three interns, the most it has ever had at one time.
Chosen via an interview process, interns are selected from students who participate in the Academy of Finance, a program in the Detroit public school system that focuses on financial education.
"The internship program allows us to tap into the talent of young people who have a passion for finance," said Hank Hubbard, president of CACU, who has been involved with AOF since 1993. "Interns at CACU receive real office training and experience, and are able to share their knowledge with their families, peers and members of their communities. This significantly increases the impact of their financial education."
CACU often hires interns as full-time employees-currently, 15% of CACU employees, in positions ranging from teller to member service representative, are former Academy of Finance students.
"CACU is honored to make this investment in our youth, the future leaders of our community," Hubbard said. "Through these internships, CACU has a positive impact on youth who will become our next generation of decision makers and we are excited about that."
CACU intern Ashleigh Jones said: "What I liked most about my internship at CACU was being able to expand my knowledge of how financial institutions work. It was a joy being able to take what I have acquired from my various business and finance classes and apply it to an actual job."