NCUA STUDENT GRANTS ANNOUNCED
updated 05/06/13 01:45 PM
Low Income CUs Can Apply
The National Credit Union Administration (NCUA) announced it is offering up to $80,000 in grants to low-income credit unions to hire student interns during the summer internship season.
“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,” said NCUA Board Chairman Debbie Matz. “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.”
NCUA will award up to $4,000 to each eligible credit union. To be eligible, a credit union must have a low-income designation and be financially viable. Low-income credit unions may only use these grants for a student internship. Credit unions that received a student internship award in 2012 are not eligible for funding this year.
NCUA will accept applications from May 1–20. NCUA’s Office of Small Credit Union Initiatives will review applications immediately upon receipt and issue approvals on a first-come, first-served basis until all funds are exhausted. Credit unions are therefore encouraged to submit their applications to NCUA as soon as possible once the application period opens.
NCUA has provided funding under the Student Internship Grant Initiative to low-income designated credit unions since 1998. In 2012, NCUA awarded 24 credit unions with nearly $106,000 under this program.
Funding for the Student Internship Grant Initiative is provided by the Community Development Revolving Loan Fund (CDRLF). Congress established the CDRLF to provide grants and loans to credit unions that serve low-income communities. NCUA’s OSCUI administers these funds. Since 2001, Congress has appropriated $10.4 million for CDRLF grants.
NCUA’s OSCUI fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions and credit unions with a low-income designation.
NCUA will announce additional grant initiatives for 2013 in mid-June.
THE MILITARY LENDING ACT AND CUs updated
05/04/15 04:04 PM
Congress Attempts to Assist
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AMENDED COMMON BOND RULE PASSED updated
04/30/15 02:46 PM
NCUA Votes 2-1
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DATA BREACH BILL: CAMPAIGN LAUNCHES updated
04/28/15 09:50 AM
Twitter, Facebook, and Email
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NCUA AGENDA: ASSOC. COMMON BONDS updated
04/28/15 09:01 AM
RBC2 Comment Letter Update
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ELLIOT EISENBERG ADDED TO CONFERENCE updated
04/28/15 03:36 PM
'Accelerating Success' This Week
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NCUA TESTIFIES ON REG. BURDENS updated
04/24/15 02:31 PM
House Financial Services Committee
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SAN GABRIEL VALLEY ECON. OUTLOOK updated
04/22/15 02:33 PM
What You Missed
The California Credit Union League attended the San Gabriel Valley Economic Outlook event on April 21 and share gained insights with its members.
CUNA JOINS HOME DEPOT LAWSUIT updated
04/16/15 03:30 PM
Association Rallies with CUs
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SUCCESS AT ‘SACTOWN’ AND GRR updated
04/16/15 02:46 PM
April 12-14 in Sacramento
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SOCIAL MEDIA TIPS FOR TAX DAY updated
04/15/15 12:06 PM
CU Members Paid $1.2T in Taxes in 2014
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‘SACTOWN 10’ TROPHY AWARDED updated
04/15/15 01:32 PM
Rep. Ken Cooley Claims Prize
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JAN OWEN: STATE CUs STRONG, GROWING updated
04/14/15 10:29 AM
Mentions Joint Exams, Advisory Board Seat
The health of state-chartered credit unions in California is strong, with the average net worth ratio at 11.2 percent, according to Jan Owen, commissioner for the California Department of Business Oversight (DBO). She spoke at the California Credit Union League’s 2015 Government Relations Rally (GRR) on Tuesday morning.
POLITICAL ARENA SHAPES CU ADVOCACY updated
04/14/15 09:48 AM
Jim Brulte Addresses GRR Attendees
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CFPB—WHAT DID YOU SAY? updated
04/14/15 02:17 PM
Consumers To Share Complaint Stories
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'SACTOWN' RAISES NEARLY 200K FOR CMN updated
04/13/15 04:59 PM
Benefits Children’s Hospitals in CA, NV
The fourth annual Credit Union SacTown Ten-Mile Run—which took place Sunday in downtown Sacramento—raised more than $195,000 for Children’s Miracle Network Hospitals (CMN) in California and Nevada.
PRIVATELY-INSURED CUS JOIN FHLB updated
04/13/15 03:21 PM
House Passes H.R. 299
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‘SACTOWN 10’ RAISES $200K SO FAR updated
04/10/15 11:23 AM
Race is April 12, 2015
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CA ECONOMY: MAJOR GROWTH PREDICTED updated
04/09/15 08:15 AM
Two Forecasts Talk Jobs, Wages, More
Stop calling it a “recovery”—the California economy is in expansion mode, and it won’t taper for the foreseeable future.
NCUA UPDATES SECONDARY CAPITAL updated
04/09/15 01:44 PM
Federation Applauds Efforts
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CO-OP DECLARES $29.2M DIVIDENDS updated
04/08/15 02:10 PM
Has Nearly 1,200 Shareholding CUs
CO-OP Financial Services announced a shareholder dividend pool of $29.2 million for 2014, bringing its total shareholder patronage amount to $314.1 million since 1996. Additionally, the year was marked with new records, partnerships, and products for the CUSO.
CUs, LEAGUES, AND NCUA MEET updated
04/06/15 11:18 AM
Exam Survey and IRR Discussed
Representatives from the California and Nevada Credit Union Leagues joined other state league and credit union leaders in meeting with National Credit Union Administration (NCUA) Region V Director Liz Whitehead and her staff last Friday in Arizona.
REGISTER NOW FOR NEXT WEEK'S GRR updated
04/06/15 03:04 PM
Highly Anticipated Event This Year
The most important state advocacy event of the year for credit unions takes place NEXT WEEK—the California Government Relations Rally (GRR) in Sacramento.
APRIL: FINANCIAL LITERACY MONTH updated
04/02/15 02:39 PM
CUNA and NCUF Celebrate
April is dubbed National Financial Literacy Month and National Credit Union Youth Month. It signifies a time for credit unions and organizations to engage with their members—particularly youth—about the importance of financial literacy.