IDA MATCHED SAVINGS PROGRAM Individual Development Account (IDA) is a special savings account that matches the deposits made by account holders to help them save towards home purchases. IDA provides participants with the great opportunity of virtually eliminating MONEY as an obstacle in purchasing a home.

Upon being found eligible to participate in the IDA program and meeting pre-account requirements, account holders will be authorized to open their savings account at a specified branch of Charlotte-Metro Credit Union.

Savings will be matched at a 2:1 ratio. For every $1 saved (up to $1,000) by the account holder, HCC will provide a $2 match (up to $2,000). You could have as much as $3,000 to assist you in your home purchase!

Does It Sound Too Good To Be True?

On the contrary, it's one of the best opportunities we've ever made available!

1. These funds can be used for home purchase purposes: downpayment, closing costs, derogatory debts, medical collections, and any other housing-related expense!

2. Choose your own lender.

3. Save monthly for a minimum of 7 months.

4. Be prepared to purchase within 6 months of reaching savings goal.

5. Property must be located IN MECKLENBURG COUNTY.

If interested, be sure to notify your Advisor. Your Advisor will complete a preliminary evaluation to determine your eligibility (other restrictions may apply) to participate in the program.