As part of its continuing support of financial literacy education for New Mexicans, Nusenda Credit Union is once again holding its summer Financial Services Career Exploration course June 1 – July 12.
As part of its continuing support of financial literacy education for New Mexicans, Nusenda Credit Union is once again holding its summer Financial Services Career Exploration course June 1 – July 12. The mission of the program is to help young
people gain sound financial skills and knowledge, earn credits toward high school and college, and get the opportunity to participate in career development and paid internships in the financial services industry.
“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.”
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.
For the first time, the Financial Services Career Exploration course, held in partnership with Albuquerque Public Schools and Central New Mexico Community College, will be held virtually. Albuquerque metro-area high school sophomores, juniors, and seniors are eligible to participate. It focuses on career management skills and careers available in the financial services industry. Students will also earn dual elective credits toward their education. Students must enroll as a CNM Dual Credit Student prior to registering for the course. Under CNM’s Dual Credit program, tuition and registration fees are waived, and students get a jump start on college.
Interested students can sign up at https://www.cnm.edu/depts/outreach/dual-credit/dual-credit-courses, or by visiting with their school counselors. Additionally, students who complete the course are eligible for a paid internship with the credit Union. Because of COVID-19, and the uncertainty for reopening procedures, Nusenda is exploring alternative options for the internship component of the course, such as virtual internships or fall 2020 internships in the event internships are unable to be offered in a traditional manner.
This spring, there were 15 interns working at Nusenda that came from this career exploration course. In total, more than 248 students have participated in the course, 135 of those have been hired as interns, and 23 of those have become permanent Nusenda
“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 Executive Vice
President Michelle Dearholt. “We are pleased to say that many have stayed on as they went through college, and are employed with us today.”