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.
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
© 2024 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.
