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
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
15 hours ago
LA Laker and NBA Legend Earvin "Magic" Johnson was the keynote speaker Tuesday @CCULReach, hosted by the Cal/Nev #CreditUnion Leagues
16 hours ago
.@growfinancial's #salsa sensation spices up seed giveaway #NewsNow http://t.co/rKmWVwwzot
16 hours ago
.@TheNCUA Office of Small CU Initiatives soon--maybe Nov.--will launch website for #CUs 2 research #creditunion vendors or service providers
16 hours ago
.@TheNCUA says late 2Q Call Report filers 2 pay total of $17,111 in penalties.Individual penalty range is $52 to $1,824;median is $256. 2of2
17 hours ago