Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Iowa foundation receives 342000 grant for IDA program
DES MOINES, Iowa (4/18/08)--Sen. Chuck Grassley (R-Iowa) announced that the state Department of Health and Human Services awarded the Iowa Credit Union Foundation $342,080 to help fund the Credit Union Family Partnership Individual Development Account (IDA) program. The IDA program will provide lower-income Iowans an incentive to develop savings habits as they pursue homeownership, higher education, or the start-up or expansion of a small business. The goal is to help low-income families because economically self-sufficient. “We are thrilled to have received this federal grant that will help us launch the first credit union supported IDA program in the state,” said Marybeth Foster, foundation executive director. “Our program will provide members with an opportunity to acquire long-term financial stability.” Twelve credit unions were chosen by the foundation’s IDA committee in March to pilot the program, which launches this summer (See News Now April 17 for a list). “We anticipate more Iowa credit unions will participate in the future,” Foster said. “This is a flagship program of the foundation and we look forward to growing this initiative.”


RSS print
News Now LiveWire
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
8 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
9 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
10 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
11 hours ago
Australian newspaper covers Gen Y tips from @ServusCU at @WOCCU conference http://t.co/xqmLfZVwaI
12 hours ago