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Tracey Jackson MECU of Baltimore Inc. Internship Program Manager National Federation of Community Development Credit Union 2013 Annual Conference June.

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Presentation on theme: "Tracey Jackson MECU of Baltimore Inc. Internship Program Manager National Federation of Community Development Credit Union 2013 Annual Conference June."— Presentation transcript:

1 Tracey Jackson MECU of Baltimore Inc. Internship Program Manager National Federation of Community Development Credit Union 2013 Annual Conference June 7, 2013

2 Tracey Jackson is the Associate Director & Investment Manager for the Municipal Employees Credit Union of Baltimore, Inc. (MECU). MECU has served the city of Baltimore for 76 years and is $1.2 billion in assets. MECU strives to provide high quality financial and outstanding service to our members and communities through sound management and innovation. Oversees the liquidity of MECU, ensuring that there are sufficient funds to sustain the institution on a daily basis. Develops forecasts to show the credit unions financial trends with the asset/liability management model for board presentations. Helps manage a $488 million investment portfolio Began her career as an intern and moved through three positions in her first year of full time employment Education: BS, Finance, Morgan State University MS, Financial Management, University of Maryland University College Certifications CCUFC, Certified Credit Union Financial Counselor Civic Commitment: She has been with the African American Credit Union Coalition for 6 years, serving on the Internship Committee. Much of her work for the AACUC Internship Program consists of outreach to the nation’s college/universities as well as credit unions to encourage participation in the program.

3 The AACUC has developed this Internship program to promote awareness and opportunities for African American students attending colleges and universities of the benefits of working in a credit union environment. We are seeking students majoring in Business, Finance, Accounting, Marketing or Computer Science, that currently hold a minimum of a C+ average.

4 Created by the AACUC in 1999 3 students in the program the first year 348 Interns in 14 years (averaging 25 interns per year) 10% of that number became credit union professionals and began careers in our industry. Increased the awareness of a credit union 49 participating credit unions, leagues and vendors. 43 colleges and universities.

5 All Internship Candidates must submit the following: Completed application 1 page narrative Current Resume Current Transcripts A letter from a college official on your current status as an undergraduate Additional Information: Internships will last 8 – 10 weeks. Internships will begin after May 31, 2013. The rate of pay ranges from $9.50 - $12.00 an hour, determined by region.

6 Applications Accepted December 1, 2012- February 28, 2013 Candidate Interviews: February- April 2013 Selection Process: March- April 2013 Intern Notification: April 2013 Credit Union Notification: April 2013

7 Mentoring Exposure Financial Literacy Opportunity to Learn about Credit Union History Networking Skills

8 Purpose: To award the qualifying individuals financial assistance to aid in the pursuit of higher education. Participation: Individuals qualifying for these scholarships are professionals or volunteers and must be members of the AACUC with up-to- date paid memberships and are in good standing. Members of credit unions that join the AACUC at the 'credit union' dues level are also eligible to apply for scholarships. Member credit unions may advertise and post the Pete Crear Scholarship on their websites. Eligibility: Interns participating in the AACUC's Reaching Toward to the Future Intern Program are eligible as well as any junior or senior enrolled in an accredited college or university may also apply. Number of Awards and Dollar Amounts: In the inaugural year, we will extend three (3), two thousand dollar ($2,000) scholarships. The dollar amount and number of scholarships will be reviewed on an annual basis and will be determined by action of the AACUC's Board of Directors.

9 OSCUI Grant Program- Student Internship Initiative Information from the NCUA This initiative provides credit unions with an opportunity to introduce students to credit union operations. To qualify as an intern, individuals must be attending high school or college at least part-time. Interns can’t be regular employees of the credit union prior to or during this initiative. Credit unions are subject to applicable local, state, and federal laws.

10 Maximum Amount Allowable -$4,000 Hourly rates and the length of the internship are determined by the credit union. However, NCUA will only reimburse for up to $10 per hour, up to a total of $4,000, for hours worked. Credit unions may utilize the funds for one or more interns up to the approved grant amount.

11 Required Application Questions All applications must be submitted through the online grant system. 1.Discuss how the credit union will find the intern (i.e. high school, college, career fair) 2. Describe the primary functions to be performed by the intern. (i.e. marketing campaign for a specific demographic) <2000 character maximum (including spaces)> 3. How many interns will the credit union? 4. How many hours will these interns work in total? 5. What will be the hourly rate? (NCUA will only reimburse up to $10 per hour) 6. Are there additional costs associated with this project that the credit union will pay? If so, include a description of the estimated cost and the amount of the estimated additional cost.

12 Application Timeline/Deadline OSCUI will start accepting applications for this initiative on May 1, 2013. Applications will be accepted until May 20, 2013 or when funds are exhausted (whichever comes first). Credit unions will be awarded on a rolling basis (applications will be reviewed and awarded on a first come first serve basis). Credit unions are encouraged to apply as soon as possible as the initiative will be closed when the funds are exhausted. OSCUI will only accept online applications. The link to the CyberGrants grant management system is:


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