Opportunity Information: Apply for NCUA6053
Apply for NCUA6053
- The National Credit Union Administration in the community development sector is offering a public funding opportunity titled "Student Internship and Job Creation" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 44.002 Community Development Revolving Loan Fund Program for Credit Unions.
- This funding opportunity was created on May 3, 2010 and posted on May 3, 2010.
- Applicants must submit their applications by Dec 31, 2010 Closes when funds are exhausted.. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $100,000.00 to eligible and selected applicants.
- Each selected applicant is eligible to receive up to $5,000.00 in funding.
- The number of recipients for this funding is limited to 20 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
- CREDIT UNIONS ONLY. Credit unions with a low income designation may apply. This grant is NOT available to individuals, businesses, or not for profits. Only credit unions that have received a low income designation from the NCUA or from the state supervisory authority, with NCUA concurrence, are eligible.
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Opportunity Summary:
The Student Internship and Job Creation grant (Funding Opportunity Number NCUA6053) is a discretionary grant opportunity offered by the National Credit Union Administration (NCUA) under the Community Development activity area, tied to CFDA 44.002, the Community Development Revolving Loan Fund Program for Credit Unions. The initiative is designed as practical, job-focused technical assistance for credit unions that serve low-income communities, with the overall intent of strengthening local workforce pathways while also building credit union capacity.
The program has two connected parts. First, the Student Internship component helps low income designated credit unions bring college students into the credit union environment so they can learn how credit unions operate in real life, gain exposure to member service and financial institution workflows, and potentially develop interest in longer-term careers in the credit union sector. Second, the Job Creation component supports low income credit unions that want to train people who are unemployed or underemployed. The emphasis is on skill-building that prepares trainees to transition into the workforce, which can include learning job readiness skills and gaining experience that improves employability.
Eligibility is narrow and specific: the grant is for credit unions only, and only those that have an official low income designation. That designation must come from NCUA or from a state supervisory authority with NCUA concurrence. The opportunity is not open to individuals, businesses, nonprofits, or other organizations that are not eligible credit unions.
In terms of funding, the estimated total funding available is $100,000, with an expected 20 awards. Individual awards can be up to $5,000 (award ceiling), and there is no stated minimum (award floor of $0). There is no cost sharing or matching requirement, which means applicants are not required to contribute matching funds as a condition of receiving an award.
The opportunity was posted on May 3, 2010, with an original and current closing date of December 31, 2010, and an important note that it closes when funds are exhausted. The archived date is January 1, 2011. For additional official information, NCUA referenced a resource page at http://www.ncua.gov/Resources/CreditUnionDevelopment/Finance.aspx. Application or access issues were directed to Adrienne Grierson, Grant Administrator, at 703-518-6612 or oscuiapps@ncua.gov.
Student Internship and Job Creation Grant (NCUA6053) FAQs
What is the Student Internship and Job Creation grant (Funding Opportunity Number NCUA6053)?
The Student Internship and Job Creation grant (Funding Opportunity Number NCUA6053) is a discretionary grant opportunity offered by the National Credit Union Administration (NCUA). It sits under the Community Development activity area and is tied to CFDA 44.002, the Community Development Revolving Loan Fund Program for Credit Unions.
What is the overall purpose of this grant?
The initiative is designed as practical, job-focused technical assistance for credit unions that serve low-income communities. The overall intent is to strengthen local workforce pathways while also building the credit union's capacity.
What are the two components of the program?
The program has two connected parts: (1) a Student Internship component and (2) a Job Creation component.
What does the Student Internship component support?
The Student Internship component helps low income designated credit unions bring college students into the credit union environment so students can learn how credit unions operate in real life, gain exposure to member service and financial institution workflows, and potentially develop interest in longer-term careers in the credit union sector.
What does the Job Creation component support?
The Job Creation component supports low income credit unions that want to train people who are unemployed or underemployed. The emphasis is on skill-building that prepares trainees to transition into the workforce, which can include learning job readiness skills and gaining experience that improves employability.
Who is eligible to apply?
Eligibility is limited to credit unions only, and only those that have an official low income designation.
What qualifies as an official low income designation for eligibility?
The low income designation must come from NCUA or from a state supervisory authority with NCUA concurrence.
Can individuals apply for this grant?
No. The opportunity is not open to individuals.
Can businesses, nonprofits, or other organizations apply?
No. The opportunity is not open to businesses, nonprofits, or other organizations that are not eligible credit unions with an official low income designation.
How much total funding is estimated to be available?
The estimated total funding available is $100,000.
How many awards are expected?
The opportunity expects to make about 20 awards.
What is the maximum award amount?
Individual awards can be up to $5,000 (the award ceiling).
Is there a minimum award amount?
No minimum award amount is stated. The award floor is listed as $0.
Is cost sharing or matching required?
No. There is no cost sharing or matching requirement, meaning applicants are not required to contribute matching funds as a condition of receiving an award.
When was the opportunity posted?
The opportunity was posted on May 3, 2010.
What is the closing date?
The original and current closing date is December 31, 2010.
Does the opportunity close earlier than the stated closing date?
Yes. The notice includes an important note that it closes when funds are exhausted.
When was the opportunity archived?
The archived date is January 1, 2011.
Where can applicants find additional official information referenced by NCUA?
NCUA referenced this resource page for additional official information: http://www.ncua.gov/Resources/CreditUnionDevelopment/Finance.aspx
Who should be contacted for application or access issues?
Application or access issues were directed to Adrienne Grierson, Grant Administrator.
What contact details were provided for the grant administrator?
Phone: 703-518-6612
Email: oscuiapps@ncua.gov
Which federal program is this opportunity tied to (CFDA number)?
This initiative is tied to CFDA 44.002, the Community Development Revolving Loan Fund Program for Credit Unions.
Which agency is offering the grant?
The grant is offered by the National Credit Union Administration (NCUA).
What type of assistance does this program emphasize?
It emphasizes practical, job-focused technical assistance designed to support workforce pathways and strengthen credit union capacity in low-income communities.
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