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
Large CU stress testing on the agenda for the April @theNCUA open meeting http://t.co/2TUcnmCmPi
12 hours ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa http://t.co/xgrDmHaw8W
21 hours ago
Join @theNCUA #NCUAchat with @KenWortheyJr on April 23 from 11am to 12pm EST http://t.co/TnNmfFh4Nl #FinancialLiteracyMonth
22 hours ago
Maine's patent troll bill has become law. Read more in Monday in @NewsNowLiveWire
1 Day ago
Wash. DFI discusses serving legal marijuana businesses with @NWCUA http://t.co/3kw79HJUYF
1 Day ago