The NCUA on Friday announced a $4,000 grant for low-income credit unions interested in hiring studentinterns over the summer.
|The agency said it has earmarked a total of $80,000 for theprogram, enough for 20 awards.
|“The Student Internship Grant Initiative provides the nextgeneration with the opportunity to gain professional experience,enhance job skills and learn more about the credit union industry,”said NCUA Board Chairman Debbie Matz.
|“Additionally, this initiative allows low-income credit unionsto find and groom the industry's future leaders. The infusion ofnew and diverse talent will assist credit unions to continue toimprove their member services,” Matz said.
|The NCUA said in its announcement that eligible credit unionsmust have a low-income designation, be financially viable, and mayonly use these grants for a student internship. And, credit unionsthat received a student internship award in 2012 are not eligiblefor funding this year.
|The NCUA will accept applications between May 1 and 20, and saidawards will be granted on a first-come, first-served basis untilthe funds are exhausted.
|NCUA has provided funding under the Student Internship GrantInitiative to low-income designated credit unions since 1998. In2012, the agency awarded 24 credit unions with nearly $106,000under this program.
|Funding for the internship grant initiative is provided by theCommunity Development Revolving Loan Fund.
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