Millennials are key to credit union growth

first_imgMillennials, that tenacious generation born during the late 80’s and through the 2000’s, are the driving force behind a significant upsurge in credit union growth.According to a study conducted by the TransUnion, the percentage number of millennials using credit unions has experienced a meteoric rise, growing from 20% just back in 2013 up to to a whopping 25% in the first quarter of 2016.Why is this happening? After considering the millennial mindset, the gravitation to credit unions seems obvious. Yet the rate of movement is higher than anyone could have projected.One of the most defined characteristics of the millennial generation is an increase in a general sense of duty or civic-mindedness.For distrustful customers, growing up during the banking crises of the early 2000s, the community-driven, community-controlled core of the credit union business model is a breath of fresh air in the search for a big banking alternative to auto loans, mortgages and credit cards. A non-profit credit union offers clear transparency – the members are the ones who benefit, and the members are the ones who retain control. continue reading » 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Governor Wolf Announces New Funding to Support Job Training and Close Manufacturing Workforce Gap in South Central Pa.

first_img April 22, 2019 Economy,  Press Release Harrisburg, PA – Today, Governor Tom Wolf announced the approval of new funding for MANTEC, a manufacturing consulting firm in York County, to support an eight-week career readiness program that will address the needs of manufacturers in southcentral Pennsylvania and create a job-ready workforce in the greater York County area. The grant will come from Governor Wolf’s Manufacturing PA initiative.“Our administration continues to look for ways to upskill and reskill Pennsylvania’s current and future workers to become a leader in the 21st century,” Governor Wolf said. “Through MANTEC’s job training initiative we will be able to provide all our residents with opportunities to compete for family-sustaining, well-paying jobs in the manufacturing industry.”The grant will provide $200,000 to MANTEC, which will partner with HACC, Central Pennsylvania’s Community College; the York County Economic Alliance, SCPA Works, Crispus Attucks and York County Veterans Affairs to offer manufacturing job training opportunities for youth, veterans and other unemployed or underemployed populations.During the first four weeks of the program, participants will attend HACC’s STEP Academy at HACC’s York Campus to learn the essential skills needed to perform today’s jobs including communication skills, teamwork and collaboration, adaptability, problem solving, critical observation and conflict resolution. The second part of the program consists of classwork towards the Manufacturing Skills and Safety Council Certified Production Technician program, where participants will have the opportunity to earn three more nationally-recognized credentials.MANTEC will also assist participants with employment placement by partnering with area manufacturers including Johnson Controls, Klinge Corp., York Container; APX/York Sheet Metal, L2 Brands, Elsner Engineering and UTZ.“The number one issue MANTEC hears from the manufacturers we serve is the lack of talent to meet their customer demand,” said John Lloyd, president and CEO of MANTEC. “This grant from the commonwealth will enable MANTEC and our partners to address the workforce shortage by elevating the skills of new workers about to embark on a career in manufacturing.”The Pennsylvania Manufacturing Training-to-Career grant is designed to provide funding for training programs to help unemployed and underemployed individuals, as well as those with barriers, to gain the skills they need to gain employment in the manufacturing sector. Eligible applicants include technical and trade schools, universities, and nonprofit organizations that develop new and innovative training programs and partner with two or more manufacturers.The Training-to-Career grant is part of Governor Wolf’s Manufacturing PA initiative that was launched in October 2017. This initiative ensures that training leads not simply to any job, but to careers that provide higher pay and opportunities for advancement. Working with DCED’s strategic partners, including Industrial Resource Centers (IRCs), Pennsylvania’s colleges, universities, technical schools, and non-profit organizations, this initiative fosters collaboration and partnerships to accelerate technology advancement, encourage innovation and commercialization, and build a 21st century workforce.In the 2019-2020 Executive Budget, Governor Wolf proposed the new Statewide Workforce, Education, and Accountability Program (SWEAP) to provide workforce development opportunities for Pennsylvanians from birth to retirement. SWEAP will expand access to early childhood education, increase investments in schools and educators, and further partner with the private sector to build on the PAsmart initiative. Through SWEAP and PAsmart, the governor is calling for an additional $4 million to help Pennsylvania manufacturers train workers and $6 million to expand career and technical education for adults.For more information about the Wolf Administration’s commitment to manufacturing, visit the Department of Community and Economic Development (DCED) website or follow us on Twitter, LinkedIn, Facebook, and YouTube. Governor Wolf Announces New Funding to Support Job Training and Close Manufacturing Workforce Gap in South Central Pa.center_img SHARE Email Facebook Twitterlast_img read more