Now, here’s a stimulus package that’s targeted for people…not industries. Part of the Rebuild Iowa bill signed earlier this month provides $250,000 in matching funds for qualifying individuals saving through Individual Development Accounts (IDAs). According to the Iowa Credit Union Foundation the program goal is to motivate savings and provide financial education during economically challenging times. IDAs can be used to help people save for a home, college expenses or even to start a business.
I’m proud to say that Affinity Credit Union, my credit union, is one of the first credit unions in Iowa to participate in a pilot program through the Iowa Credit Union Foundation, Credit Union Family Partnership Program. Affinity CEO Sandy Robinson believes the key program component is teaching people to save. "It's a matter of people understanding there is help out there," she said.
Check out the Des Moines Register article featuring Affinity’s participation in the Credit Union Family Partnership Program.
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