(please click ad for more information)

What's New?

At the Leagues

The Leagues

California & Nevada

Current News

Relevant Information—For You, By You

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.

Click here to apply for the NCUA's Student Internship Grant Initiative.

“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.

Click here for more information about NCUA's Student Internship Grant Initiative

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.

 
print   email   share   share   share

MCWATTERS DISSENTS ON BUDGET VOTE updated 11/22/14 06:37 AM
Also, Revised RBC Rule Coming
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters was the only one to vote “no” on the board’s 2015 proposed budget, which will increase 4.2 percent over last year. The vote was 2 to 1.

ANNUAL FED WEBINAR ON REGS, GUIDANCE updated 11/21/14 10:32 AM
Also, FinCEN Issues Advisories
Senior staff at the Federal Reserve will host an annual webinar to provide a recap of recent regulatory changes and highlight various inter-agency guidance. The webinar will also discuss current hot topics in the financial services industry and give a glimpse of future regulatory changes.

NEW EMPLOYMENT LAWS FOR 2015 updated 11/21/14 04:33 PM
Also, TIPs Bulletin Posted
The California Chamber of Commerce has released a list of new employment laws scheduled to take effect in 2015 or earlier that will have an impact on businesses in California.

DIANA DYKSTRA RECEIVES 'EAGLE AWARD' updated 11/20/14 10:41 AM
Outstanding Record of Achievement
Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, was presented with the American Association of Credit Union Leagues’ highest honor—the Eagle Award—this week during AACUL’s winter meeting in Hawaii.