United Way Announces New CASH (IDA) Program | United Way of St. Charles

United Way Announces New CASH (IDA) Program

Creating Assests, Savings & Hope (IDA) Program

What is an IDA?

An IDA is a special savings account. You can save up to $1,000 (up to five years) and your savings will be matched (4:1, e.g., $4 for every $1 you save/program maximum of $4,000).  After you finish the program you could have $5,000 for one of the following:

  • Home Ownership
  • Small Business Capitalization
  • Higher Education/Job Training
  • Vehicle (if needed for employment)


What do I have to do to be part of the IDA program?

You must make a commitment to complete the IDA program. The program requires that you:

  • Commit to a Savings Plan & Working with a Case Manager
  • Attend a Financial Education Course
  • Use your savings and match for one of the allowable purposes


Who is eligible to join the IDA Program?

Eligibility Criteria:

·       Resident of St. Charles Parish

·       At least 18 years of age

·       Must have at least one source of “earned income” (full, part, or self)

·       Must either be married or have at least one minor child in the household

·       Must be at or below 200% of the poverty level

o   Family Size 2           $29,420

o   Family Size 3           $37,060

o   For each additional person, add $7640


Where can I learn more about the IDA Program?

To find out if you are eligible for the Program or to learn more:

Call Kacy Kernan at (985) 331-9063 or Charisse Sorapuru (985) 785-2113

Come to an Orientation Session at St. Charles Community Health Center, 843 Milling Ave., Luling, LA on Wednesday, August 24th @ 6 pm.