DES MOINES, Iowa — The Iowa Credit Union Foundation has received a $10,000 grant from Prairie Meadows Racetrack and Casino through its 2007 Community Betterment Grant Program.
Grant funds will be used to support the Credit Union Family Partnership Project, which will make Individual Development Accounts available to qualified families through participating credit unions.
An IDA is a matched savings account where a participant saves for one of four specific purposes: down payment or closing costs on a first home, post-secondary education or job training, starting or expanding a small business, or purchasing a vehicle to commute to work.
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