Santa Cruz Community Credit Union has provided two AFI grants since 2008, with the goal of helping low-income families become economically self-sufficient through a comprehensive array of education, support services, and IDAs.
Santa Cruz Community Credit Union emphasizes homeownership, postsecondary education, and business capitalization, with the goal of helping low-income families become economically self-sufficient through a comprehensive array of education, support services, and IDAs. The credit union has been successful in opening IDAs, providing free tax preparation services and financial education, and partnering with the local United Way on a family financial stability strategy.
Santa Cruz Community Credit Union partners with Santa Cruz Community Ventures, Inc., Central Coast Small Business Development Center, El Pajaro Community Development, Cabrillo College, Pajaro Valley Unified School District, Family Resource Centers, Santa Cruz County Human Services Department, United Way of Santa Cruz County, Barrios Unidos, Agriculture and Land-Based Training Association, California FarmLink, and Housing Authority of the County of Santa Cruz to provide asset-specific education, financial education, recruitment, and case management.
Assets for Independence Grant History
Individual Development Account Program
72 IDAs have been opened.
35 participants have received financial education.
$140,013 saved by participants.
42 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
Total Non-Federal Support: $103,000
Santa Cruz Community Credit Union targets low-income residents of Santa Cruz and northern Monterrey counties, with a special emphasis on women, the younger generation, Latino/a residents, and those with entrepreneurial aspirations.