WASHINGTON — The U.S. Department of Health and Human Services has delivered a grant of $415,000 to the National Credit Union Foundation, which the NCUF will, in turn, distribute among credit unions to fund their individual development accounts.
IDAs are accounts set aside for education, home ownership or to start a business. Deposits from account holders are generally matched with funds from other sources.
The U.S. Department of Health and Human Services became the fourth federal agency to approve a grant to NCUF in the past five years. HHS' Office of Community Service awarded the grant to promote its Assets for Independence program.
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