Iowa Credit Union Foundation is a nonprofit agency that has provided two AFI grants since 2008, with the objective of helping low-income residents of Iowa build wealth.
Iowa Credit Union Foundation is a network grantee with nine subgrantees. The foundation emphasizes homeownership, postsecondary education, and business capitalization, with the goal of assisting low-income residents of Iowa achieve financial goals. This grantee has been successful at recruiting credit unions to participate in the program.
Partners
Iowa Credit Union Foundation partners with Coopera Consulting, Iowa Corporate Central Credit Union, Community Business Lenders, Iowa Credit Union League, Iowa Division of Community Action Agencies, Iowa Community Action Association, Iowa Home Ownership Education Project, Iowa Able Foundation (a recognized Community Development Financial Institution), Abilities Fund, and Asset Building Coalition of Iowa to provide staffing, case management, and participant training for the program.
Assets for Independence Grant History
Project Title
Credit Union Family Partnership Program IDA Program
Highlights/Outcomes
262 IDAs have been opened.
89 participants have received financial education.
$292,969 saved by participants.
54 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
$600,000
Total Non-Federal Support: $600,000
Focus Population
Iowa Credit Union Foundation’s network covers eligible low-income residents of Iowa.
Contact
Iowa Credit Union Foundation
1500 NW 118th Street Des Moines, IA 50325
(515) 221-3001 www.iowacreditunions.com
