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ICUF Newsletter: The ALICE Report is now available! — 
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July 2018
 
The 2018 ALICE Report is Now Available
 
The Iowa Credit Union Foundation has teamed up with the United Ways of Iowa and Alliant Energy to fund the 2018 ALICE Report. This report is a valuable tool gaining perspective on the growing financial struggles of Iowa's families. ALICE is an acronym that stands for Asset Limited, Income Constrained, Employed. These are working families that have income above the Federal Poverty Level (FPL), but cannot make ends meet each month. 

The 2018 report, just released June 26, provides a deep county-by-county analysis of ALICE families across Iowa during calendar years 2014-2016.

Below are examples of key ALICE Report findings: 
  • ALICE families live in every Iowa county - from a low of 26% in Plymouth County to a high of 52% in Decatur County; 
  • More than 30% of Iowa's household with children live below the ALICE Threshold;
  • Over 40% of Iowa's senior households qualify as ALICE
  • An individual in Iowa needs $19,500 to meet a survival budget. FPL for this individual is $11,800. 
We invite you to visit our webpage to learn more about this special report and download it for review. If you find the report of interest, you may request an in-person presentation of the data as ICUF well.
 
Thank You to Recent Donors 
  • Ascentra Credit Union
  • Community Foundation of Greater Iowa 
  • Financial Plus Credit Union
  • University of Iowa Community Credit Union 
 
Don't Forget to Register for ICUF's Benefit Night Fundraiser
Join us Thursday, September 20 for Benefit Night. This event is ICUF's premier fundraiser of the year, which supports our mission-driven programs and celebrates the philanthropic achievements of Iowa credit union leaders.

You can participate in this event and support ICUF in several ways. 
  • Register here to attend the Benefit Night Fundraiser. 
  • Donate a silent auction package. Click here to complete the silent auction enrollment form or you can note this on your registration form for the event. 
  • Sponsor Benefit Night! Click here to view Benefit Night sponsorship opportunities that support ICUF in championing the people helping people philosophy.
Questions? Contact us at info@iowacreditunionfoundation.org
 
Credit Union Members Impacted by Tornado in Marshalltown
 
Earlier this month, a tornado touched down in parts of Marshalltown, impacting city structures, businesses and homes. Credit union members homes and Lennox Employees Credit Union were impacted by the storm. This week, ICUF staff visited the area and began to assess the needs of credit union members. We stand behind the credit unions and their members in these areas and offer our support to them in their time of need.

More information coming soon! 
 
Seeking Credit Union Partners for BankOn Central Iowa
 
BankOn Central Iowa is seeking credit union partners with offices in Polk, Dallas, and Warren counties. BankOn helps connect unbanked and underbanked community members in these counties with affordable financial products and services. Current credit union partners include: Des Moines Metro, Financial Plus, and Veridian. For more information contact Melissa Nordell-Earp with the City of Des Moines at 515.323.8930 or Traci Stiles with Des Moines Metro Credit Union at 515.283.4195.

Click here to learn more.
 
NCUA Accepting Applications for CDFI Certification

Become a Certified Community Development Financial Institution (CDFI) through NCUA.The third application period will be September 10 - 28.

Click here for more information. 
 
For questions regarding any information in the newsletter, please contact Lisa Chicchelly
 at 515.221.3012.
ICUF was established in 1995. Our mission is to empower people and communities to achieve financial well-being by championing the credit union philosophy of "people helping people."
 
 
 
 
ICUF, 7745 Office Plaza Dr. North, Suite 170, West Des Moines, IA 50266

   
   
Iowa Credit Union Foundation | 7745 Office Plaza Drive N Suite 170 | West Des Moines, Iowa 50266 | P 800.860.6180 | info@iowacreditunionfoundation.org