DES MOINES, Iowa – The Iowa CU Foundation yesterday said it has received a $10,000 grant from Prairie Meadows Racetrack and Casino through its 2007 Community Betterment Grant Program.
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The funds will be used to support the CU Family Partnership Project, which will make Individual Development Accounts available to qualified families through participating credit unions.
An IDA is a matched savings account through which 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.
