Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HUNTSVILLE, Ala. – Redstone FCU has pledged $25,000 over a five-year period to Family Services Center’s North Alabama Individual Development Account Program that’s designed to assist low-income families take the necessary financial steps to becoming homeowners. The program targets low-income families who are not immediately ready to purchase a home but can become ready to within two to three years. It includes first-time homebuyer preparation consisting of credit counseling, financial literacy training and home ownership education. To participate in the program, a household’s annual income cannot exceed 200% of the poverty level, and its net worth can’t exceed $10,000, with some exclusions. Participants must also be residents of North Alabama. Family Services Center will be responsible for ensuring individuals meet the program’s eligibility requirements and comply with the program guidelines. Redstone FCU will be responsible for opening and maintaining the accounts.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.