Matched Savings Program

Cooperative Federal provides low- and moderate-income members with opportunities to build assets and achieve financial goals, using "Individual Development Accounts," or "IDAs." We offer IDA for 4 different purposes:

  • First-Time Homebuyer IDA: Up to $9,500 in downpayment and closing cost assistance for people who are buying a home for the first time, or who have not owned a home in the last 3 years.
  • Small Business IDA: Up to $2,000 in grants for working capital to help start or expand a small business.
  • Higher Education IDA: Up to $2,000 in grants for tuition, books, supplies, or living expenses related to college or professional certification. This program is full - now taking names for the waiting list!
  • Auto IDA: Up to $1,000 in grants to help purchase a vehicle needed to access school or work. This program is full - now taking names for the waiting list!

Do I qualify?

Income limits and other eligibility criteria apply. Take a look at the following guidelines.

Join the Program

If you have any questions - or if you're ready to get started - contact Kira Crawford at (315) 473-0211 or kiracrawford[at]coopfed.org.

Funding for our Matched Savings Program comes from the Gifford Foundation, Assets for Independence (US Dept. of Health & Human Services/Admin. for Children & Families), the Catholic Campaign for Human Development, the Federal Home Loan Bank of NY, and the NY Credit Union Foundation.

Cooperative Federal accounts are federally insured by NCUA Cooperative Federal is an Equal Housing Lender
Cooperative Federal is an equal housing lender
Cooperative Federal accounts are federally insured by NCUA