Nusenda Credit Union Champions Financial Literacy and Student Success with High School Programs and Paid Internships

May 21, 2019
Dual-credit financial services career exploration courses and paid internships available through summer and fall semesters; no-cost, high-school elective courses focus on personal finance and making smart consumer choices

As part of its continuing support of financial literacy education for New Mexicans, Nusenda Credit Union has announced a comprehensive series of programs to help young people gain sound financial skills and knowledge, earn credits toward high school and college, and participate in career development and paid internships in the financial services industry. 


According to youth.gov, a government agency collaborative focused on youth issues, many young people reach adulthood without the basic financial knowledge and skills that are critical for establishing healthy financial futures. Additionally, given the increasing complexity of the financial services landscape, including application– and online-based financial services, young people more than ever have a greater need to improve their financial capability.


Compared with peers in other nations, U.S. 15-year-olds rank in the middle of countries and economies who participated in a financial literacy assessment. And nearly one in five young people failed to demonstrate more than a basic level of financial knowledge and skill.


“Studies show that providing financial education early in life, and at critical points in young 
people’s development, is associated with less credit card debt, higher savings rates, and fewer personal bankruptcies,” said Nusenda’s Chief Community Engagement Officer Robin Brulé. “These programs we provide for the community at no charge intend to remove barriers to future economic success for New Mexico’s youth.”


Financial Services Career Exploration Dual Credit Course 

This summer and fall, metro-area high school sophomores, juniors, and seniors can take a no-cost, financial services career exploration course that focuses on career management skills and careers available in the financial services industry. Students will also earn dual elective credits toward their education. In partnership with Albuquerque Public Schools and Central New Mexico Community College, Nusenda Credit Union is hosting the Financial Services Career Exploration course at the Career Enrichment Center, 807 Mountain Rd. NE in Albuquerque. Under CNM’s Dual Credit program, tuition and registration fees are waived, and students get a jump start on college.


This year’s summer schedule runs from June 3 – July 14 from 10:30 a.m. to noon at the Career Enrichment Center (CNM CRN 94787). Fall classes are from Aug. 12 – Dec. 20, either Monday and Wednesday from 12:30 – 1:45 p.m. (CNM CRN 76912) or Tuesday and Thursday from 12:30 – 1:45 p.m. (CNM CRN 75865).

Interested students can sign up at https://www.cnm.edu/depts/outreach/dual-credit, or by meeting with their school counselors.

Additionally, students who complete the course are able to apply for a paid internship at the credit union. Currently, there are 17 interns working at Nusenda that came from this career exploration course. In total, more than 215 students have participated in the course, 90 of those have been hired as interns, and 23 of those have become permanent Nusenda employees.

“This internship is a mutually beneficial program in that it helps students see potential professions for themselves; and assists us in developing and bringing new people into our industry,” said Nusenda Chief Retail and Performance Officer Michelle Dearholt. “We are pleased to say that many have stayed on as they went through college, and are employed with us today.”

 

Summer School Personal Finance Course

Nusenda is continuing its summer school personal finance course for high-school sophomores, juniors, and seniors that will help them not only gain sound financial skills and knowledge, but will also earn elective credits toward their education. Enrolled students receive a comprehensive student guide/workbook at no charge, and those who successfully complete the course will receive half of an elective credit towards their graduation goals.


The course uses a Common-Core aligned curriculum, created by Nusenda that goes beyond basic financial knowledge by providing students with the tools needed to make educated financial choices, and positively influence financial behavior. It is established from an award-winning and research-based curriculum by the Annie E. Casey Foundation. Subjects include how to create financial plans, effectively manage money, and become knowledgeable financial consumers in education and in the workforce.

“As one of the most extensive programs of its kind, this curriculum is designed to teach students the importance of managing finances, while giving them the opportunity to understand how making smart money choices can positively impact their lives – now and in the future,” Brulé said.  

 

Summer School Class Schedules: 

  • Albuquerque Public Schools– students should contact their respective school counselors before May 25; or email hssummerprogram@aps.eduafter May 25.
    • Session 1, June 3 – 21, 7:45 a.m. – noon, West Mesa High School
    • Session 2, June 24 – July 16, 7:45 a.m. – noon, La Cueva High School
  • Santa Fe– students can sign up with counselors at their respective schools
    • June 3 – 14, 8:30 a.m. – 3 p.m. Capital High School
    • June 17 – 28, 8:30 a.m. – 3 p.m., Capital High School
  • Bernalillo– contact Bernalillo High School Principal Larry Davis to register, 505-867-2388 or ladavis@bps.k12.nm.us.
    • Session A, June 3 – 14, 8 a.m. -3 p.m., Bernalillo High School
    • Session B, June 17 – 28, 8 a.m. – 3 p.m., Bernalillo High School

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