The NCUA awarded $80,000 in grants to 22 low-income credit unions under the Student Internship Grant Initiative. Gold Coast FCU, based in Palm Beach, FL, was the only credit union in Alabama or Florida to receive the grant.
The Student Internship Grant Initiative provides eligible low-income designated credit unions with up to $4,000 dollars in funding for hiring student interns for the summer. The students participate in a variety tasks, including implementing marketing plans, ensuring compliance and assisting with the credit union’s operations.
“A Student Internship Grant makes several good things happen,” NCUA Board Chairman Debbie Matz said. “It provides students with paid work experience and introduces them to credit unions. It also gives credit unions a chance to add some helping hands and to connect with young people, who could be future members or industry leaders. I’m encouraged to see these low-income credit unions take advantage of this opportunity.”