Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Education, savings part of Resource One CU's IDA program
FARMERS BRANCH, Texas (6/6/14)--Dallas-based Resource One CU, with $389 million in assets,  has partnered with Consumer Credit Counseling Service (CCCS) of Greater Dallas to help area consumers create emergency savings and reverse the asset-poverty trend by offering free financial counseling, education and matched savings during a 12-month savings and financial capability program.
 
Accountable, Inspirational and Motivational (AIM) is a CCCS individual development account (IDA) through which CCCS will match up to $25 each month for 12 months for participants who engage in one hour of monthly education, coaching  or counseling, and make at or below the income requirement of $56,080 for a household up to four people.
 
Resource One CU will open and hold the matched savings accounts for CCCS AIM clients during the 12-month program ( Leaguer June 5).
 
At least 39% of Dallas residents are considered "asset poor," according to the latest poverty report card from the United Way of Metropolitan Dallas. The asset poor are those who do not have a cushion or emergency savings--and live one crisis away from poverty without the ability to save.
 
Dallas-area consumers will be allowed to enroll in AIM at any of the eight Resource One CU Dallas locations. AIM is available for up to 400 consumers each year for the next three years. Those enrolled in AIM have the potential to create $600 in savings at the end of a 12-month period.


RSS





print
News Now LiveWire
Registration now open for @CUNA @WOCCU summer conference in Denver July 12-15 http://t.co/opq1jypsXL #ACUC #CUinDenver2015
10 hours ago
Emergency loans post- #Blizzard2015 offered by @ScientFCU in Conn. http://t.co/U9tIBzPOZV
11 hours ago
Did you get your spot in the @CUCB #CherryBlossom 10 Mile Run? Check lottery results here http://t.co/6rxT0osyWJ @CU4Kids @CMNHospitals
11 hours ago
@FamilyFirstFCU has implemented a grant program through the FHLB of NY to help first-time home buyers.
12 hours ago
#BREAKING: @federalreserve offers few new hints on rate-hike timing in policy statement http://t.co/lgZ6zZ1Vrr
13 hours ago