The Iowa Credit Union Foundation has announced that it has $1.2 million available for Iowans wishing to use an individual development account to save for education, to buy a home or to purchase a vehicle to get to work or start a small business.
IDA's are are matched savings accounts where the savings of a participant is matched by a grant from another organization. ICUF announced that it has received almost $258,000 from the Assets for Independence program to fund its IDA effort.
The ICUF also announced that as of now, 18 Iowa based credit unions offer their members IDAs and that means credit union affiliated IDA programs are available in 91 of the state's 99 counties.
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:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
