Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Federation assisting with new IDA grants
NEW YORK (12/19/07)--The National Federation of Community Development Credit Unions is working with Assets for Independence (AFI) to match $19 million in grants for organizations that want to start or expand individual development account (IDA) programs. The federation is working with AFI to provide technical assistance to all prospective grantees. The federation’s goal is to help expand the diversity of organizations that participate in the AFI IDA programs. AFI has identified credit unions as a target group because of their commitment to serving low-income communities and people of modest means. “Credit unions have always been dedicated to building assets and many already run efficient and effective IDA programs,” said Cliff Rosenthal, federation president/CEO. IDA programs help eligible low-income individuals build savings that can be used for homeownership, business capitalization or post-secondary educating and training. Application deadlines are Jan. 15 and March 25, 2008. AFI is a program run by the U.S. Department of Health and Human Services Office of Community Services. For more information, use the links.
Other Resources

RSS print
News Now LiveWire
.@CreditYOUnion captures voices of #100MM loud, proud at @GAUnitedCU See #NewsNow Thursday for more
2 hours ago
Ill. @GovernorQuinn signs patent troll law http://t.co/ugWf8zHpCm via @CrainsChicago
3 hours ago
.@MBAMortgage : Mortgage apps increased 2.8% from one week earlier for week ending Aug. 22.
3 hours ago
Franchise businesses may face higher breach risk with POS systems HT @briankrebs http://t.co/LGE46DUk15
4 hours ago
About 1 in 3 consumers use plastsic for in-person purchases of less than $5, according to @CreditCardsCom survey.
5 hours ago