ST. LOUIS (4/29/15)--Electro Savings CU, St. Louis, will sponsor MoKan Educational Institute's first Department of Labor certified construction apprenticeship program. The credit union will provide program participants with a pathway to financial independence.
The inaugural class, which begins May 5, will include 25 minority and female students ranging in age from 20 to 58 years old who desire full-time employment in construction trades, the Missouri Credit Union Association reported (Missouri Difference April 24).
MoKan, which helps minority contractors, will run the eight-week session, designed to assist minorities and women in their transition into construction apprentice jobs.
Electro Savings CU will support MoKan's curriculum with weekly financial education sessions that will teach students how to manage their finances once they secure employment. The credit union will also offer program graduates a checking account with no minimum balance or monthly fee.
Electro Savings CU will offer affordable auto loans to participants when they secure jobs to ensure they have reliable transportation to and from work.