Wright-Patt Credit Union’s Post

Meet Tyriah Callwood! "Growing up I remember listening to my parents tell me about the importance of financial security. I saw firsthand the impact of drowning in debt and before I knew what debt was, I was taught not to be in it. While watching my parents struggle to make ends meet for a family of 6, I always knew I wanted to help but was never sure how to. My family like many other families struggled with financial literacy.   My love for finance started as a wide-eyed high school freshman at 15. At that time, I had begun my very first internship as a student teller for a local credit union in my hometown Jacksonville, Florida. Through a partnership with my high school, I offered financial services to my peers, many of which had just entered the workforce. I watched them cash their first checks and helped them open their first checking accounts, some even getting their first auto loans. Having the privilege to share in these monumental moments developed my passion for helping people in the areas that matter most, their finances.   While in college, I took my experience on to lead financial literacy lectures for audiences ranging from elementary school students to college graduates. Seeing their faces light up in excitement as I spoke time and time again reassured me that this is the way I want to bring value to the world around me. My next internship as a freshman in college is what helped to pivot my transition to Fidelity Investments! While here, I've been able to meet and share ideas with some of the most amazing leaders and colleagues. Most importantly, I've been able to help my family find solutions to help improve their financial lives.   My career goals and aspirations have been poured into in ways I could once only dream of. As a Relationship Manager, every day that I help bring financial security to others gives me the same joy and excitement I first felt long ago." College Major: Business Finance Previous Industries: Financial Services Fidelity Title: Relationship Manager #WomensHistoryMonth #FidelityAssociate

From Degas Wright, CFA: I want to thank Wall Street Bound, Inc for inviting me to Wall Street Wrap Up on April 23rd! We discussed recent earnings announcements and the Federal Reserve’s impact on markets! It was an excellent way for me to connect with the students and remind me of the importance of financial literacy! Wall Street Bound is a non-profit organization that strives to empower young people of color to become agents of change and advance diversity within the financial services industry. This organization accomplishes this mission with two strategies. The first strategy is providing college students a comprehensive virtual or on-campus program led by experienced industry professionals. At the completion of these programs, the students are prepared for internships or hiring opportunities in the finance industry. The second strategy is their partnerships with corporations. If you are a college student interested in applying for this opportunity, please go to: https://lnkd.in/ggVEBfN If you are a corporate leader and considering expanding your hiring networks, please contact Troy Prince, CAIA. Thank you to Nena Ugwuomo for serving as facilitator for the session. The students had great questions and I enjoyed our discussion!  #financialliteracy #decaturcapital

Just wrapped up my internship at TD Securities. Here are 6 of my key takeaways: 🖋️ Take notes and share them: Unlike at school, where all information is readily available across slideshows, lectures, and assignments, I was surprised to learn that a lot of information only exists in employees' minds (oftentimes the most valuable ones, which makes it difficult to get). Do yourself a favor and write down info as you learn it so you don't ask the same questions twice. Then share it so others can also benefit! 🗣️ Keep others up to date: At least once a week, shoot a concise update to anyone tangentially involved with the project you are working on. Include what has been done, what is to be done, and any blockers that you are facing (and what you are doing about it). Everyone, but particularly the business folks, appreciates knowing what's going on in the background. 🇺🇸 You have a lot of freedom: There are lots of problems to be solved, and it is primarily up to you to prioritize them. The autonomy was unexpected but much appreciated. 📉 Tech debt is real: It's hard to understand how critical good practice is without experiencing the consequences of poor practice. But know that it's a reality of being in an industry setting, and while in development, you have the opportunity (and responsibility) to fight against adding debt. 🗝 Context is key: This should have been obvious, but the business context in which you are developing plays a far larger role in your day-to-day experience than I initially gave it credit for. 👨⚖️ Red tape is real: In enterprises as large as TD, everything is a process that needs to be approved. Unfortunately, that means that things move more slowly. Hope this was as useful for you as it is for me.

The kids are alright....but we need to support them! For the past three summers I've had the pleasure of discussing financial literacy and financial futures with Greenwood Project interns. The thoughts of this summer's interns, Anthony Armstead, Arelys Estrada, Adin Farmer, Imani Noel, Kai Washington, and Manny Wiley are insightful and important for all of us to consider. #InvestingInvolvesRisk

News you can use ..

The next decade will bring change in wealth management that's coinciding with (and no less significant than) the "great wealth transfer" from baby boomers to succeeding generations. More than a third of financial advisors will retire — leaving a profession in which nearly three out of every four rookies fail to break into the field — with more than two-fifths of the industry's client assets up for grabs upon the older generation's exit. For our annual Top 40 Brokers Under 40 feature, here's a look at why the industry must hire more young people and career changers and what firms and organizations are doing to help solve the problem, with insights from Nayan Ranchhod, CFP, CRPC, APMA, AAMS of Silver Lining Wealth Advisors and Ameriprise Financial Services, LLC, Andrew Blake of Cerulli Associates, Gigs Taylor-Stephenson, MBA of Wall Street Bound, Inc, Luis Rosa of the BLX Internship Program and Manish Dave of Ameriprise. #professionaldevelopment #financialadvisors #wealthmanagement https://lnkd.in/gZheYrwq

Fewer than 3% of certified financial planning professionals are Latinx or Hispanic. Luis Rosa, the founder of Build a Better Financial Future LLC and the co-founder of the BLX Internship Program, wants to change that. BLX pairs Black and Latinx students and career changers with fee-only and fee-based financial planning firms for a paid summer internship. But so far, not enough financial firms have signed on. “We designed the program to bridge the diversity gap in financial planning firms, smoothly connecting top-tier, diverse talent with industry leaders ready to embrace innovation,” Rosa writes. “We’re calling on all fee-only and fee-based financial planning-focused firms to get involved and to help bring about change.” #wealthmanagement #DEI #inclusion #financialservices #financialadvisors #recruiting #internships #BLX #financialfirms

As my internship at Nizari Progressive Federal Credit Union as a Finance Intern drew to a close, I wanted to take a moment to reflect on this incredible opportunity that had been given to me. First and foremost, I want to thank Akshatha Rao CUHRCP, HR manager for providing me this opportunity to engage in the field of finance where I was able to apply my analytical skills, contribute to strategic decision-making, and continue to grow professionally. After a long but amazing month filled with opportunities, projects, and valuable learning experiences, I learned a lot about what it meant to operate a credit union in regards to all the departments and agencies that coexist to truly uphold this company. While each department was delegated with their own set of responsibilities, it was amazing to see them collaborate and achieve a wide variety of collective goals with such efficiency. During my time at Nizari PFCU, I was able to work on a number of projects each designated to enhance my understanding of financial processes and contribute to the organization's objectives, one of those projects being on the Growth and Development of Nizari PFCU. In this project, my colleague Levine Thomas and I were able to analyze Nizari PFCU’s performance over a specific time period and formulate strategies for improvement relative to neighboring credit unions. One of these strategies included offering innovative loan products to enhance member loyalty and cater to financial needs across multiple socioeconomic backgrounds. Another idea we proposed was to incorporate Financial Education as a means of marketing an external service differentiating Nizari PFCU from other credit unions in the market. This may encompass debt management, financial planning, or even guidance towards long term investments. Not only does this offer a unique solution to member satisfaction but it also positions the credit union as a leader in financial literacy. Overall, my internship at Nizari Progressive Federal Credit Union has been an enriching experience. The hands-on experience with various financial projects, especially the in-depth analysis and strategic development initiatives, has significantly broadened my understanding of the credit union's operations and the financial industry at large. I leave this internship with a profound appreciation for the intricacies of financial management and plan to use the knowledge and skills that I have acquired to understand financial management in the healthcare system.

Yesterday, I was able attend an info session hosted by the Vanderbilt Finance Club with Point72 and was able to meet with a lot of great people including Brian Mulvihill, CPA, Martin Zinny, and Andrew McEntire who were part of Point72 and I was able to get some great takeaways about breaking into finance and getting a job on Wall Street. Here are some of them: 1. Getting the basics down (doing well in class) Before trying to get an internship at some place like Point72, get your basics down and this includes having a good GPA. This was definitely one of the biggest things that was repeatedly emphasized throughout the Q&A and I think for good reason. The thing is, doing well in school goes a long way. Displaying academic excellence in the classroom always looks good no matter what. While you may know everything about finance, but are unable to show that you can do well in a classroom setting and get the basics of doing assignments and studying for exams down, it can be tough to get an internship because it shows you're not doing the essential daily tasks. 2. Come in prepared. Know basic knowledge of finance. Know what an investment bank is (private equity, wealth management, etc), know what the magnificent 7 stocks are, and surprisingly, know the ins and outs of the website. Although these are things that may sound basic for someone interested in finance, it's surprisingly not and a lot of people come in for interviews without knowing these things only to get stumped by the first question: what is the S&P 500 at right now? Knowing the ins and outs of a bank's website was also heavily emphasized because when asking basic questions that can be answered simply by looking at their website, it shows you're not prepared and don't care enough about the job. 3. Be a stock junkee. Read your finance news on WSJ, Bloomberg, whatever. Join investment club, join finance clubs, go to banks' info sessions, show that you display interest and also do it for yourself so that you can learn more about finance by surrounding yourself with it everyday. These are all definitely things I'm still trying to learn and do, but hopefully this helps you :) #finance #point72 #vanderbiltuniversity #financenews #economic #financeinternship #financeintern #point72internship