Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
SECU partners on IDAs for homeownership
RALEIGH, N.C. (2/18/10)--State Employees’ CU (SECU), Raleigh, N.C., will serve as the primary financial institution for a program that will offer eastern North Carolina residents individual development accounts (IDA) to help them purchase homes. SECU is supporting River City Community Development Corp.’s efforts to help residents attain homeownership with grant funding from the North Carolina Department of Labor. The grant will help create the IDA programs in the state. SECU will open IDAs for current and potential members who quality for the program. The program will allow residents of Chowan, Fates, Pasquotank, Dare, Camden, Currituck and Perquimans counties to open IDA accounts and receive matching funds to make a down payment on a home. Every dollar saved up to $1,000 will be matched at a 2-to-1 ratio. “Northeastern regions of our state have higher concentrations of low-income residents who often struggle to save and attain long-term goals such as homeownership,” said Tyrone Tyler, senior vice president of SECU’s Elizabeth City-Halstead Boulevard branch. SECU has $18 billion in assets.


RSS print
News Now LiveWire
Large CU stress testing on the agenda for the April @theNCUA open meeting http://t.co/2TUcnmCmPi
3 hours ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa http://t.co/xgrDmHaw8W
11 hours ago
Join @theNCUA #NCUAchat with @KenWortheyJr on April 23 from 11am to 12pm EST http://t.co/TnNmfFh4Nl #FinancialLiteracyMonth
12 hours ago
Maine's patent troll bill has become law. Read more in Monday in @NewsNowLiveWire
15 hours ago
Wash. DFI discusses serving legal marijuana businesses with @NWCUA http://t.co/3kw79HJUYF
15 hours ago