ALEXANDRIA, Va. NCUA announced the availability of $80,000 in grants to allow low-income credit unions to hire summer interns this year.
NCUA will award up to $4,000 to each eligible credit union under its Student Internship Grant Initiative.
To be eligible, a credit union must have a low-income designation and be financially viable. Low-income credit unions may use these grants only 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 120. 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.
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.
