Asset Building Programs

There's more to living poverty-free than just having an income. In partnership with SEED Winnipeg, each of the organizations in our AssetBuilders Partnership has a program that will help you save towards things like furniture, tuition, or even your own home. The role of Assiniboine Credit Union is to provide funding and a special Matched Savings Account for participants to use.

Here are the three types of Asset Building Programs offered by ACU and our partners:

Savings Circle

This six month program is available to anyone living on a low income. It features a full 10 weeks of money management training, and it will get you started putting aside money for savings. Using those funds (however humble), the partnership will match your savings 3:1. That means every dollar you save is matched by $3! If you save the maximum allowable $250, you'll end up with $1,000 to purchase an asset that will better your life. To find out more about the Savings Circle, including program requirements and start times, please contact one of our program partners.

204.477.1722
youth aged 18-29
204.786.5741 ext. 226
Villa Rosa residents
204.925.0330
priority given to Indigenous peoples
204.589.4433
Urban Circle students
204.938.5900
 
204.233.1735
Francophone community
204.927.9947
 
204.975.3103
priority given to people living with a disability
204.677.0760  

Individual Development Account (IDA)

This two year program allows you to save for tuition, disability support or to start or grow a business. It requires that you must be living in a low-income household and complete the 10 weeks of money-management training provided by Savings Circle, if you haven't already. Once you have completed the IDA program, your savings are matched 2:1, which means for every $1 you save the partnership provides $2. You can save a maximum of $1,000, giving you a total of $ 3,000 towards your savings goal.

If you'd like to learn more about the Individual Development Account, including its requirements and start times, please contact one of our program partners.

SEED Winnipeg 204.927.9947  
Society for Manitobans with Disabilities: Clearinghouse 204.975.3103 priority given to people living with a disability
Immigration and Refugee Community Organization of Manitoba (IRCOM) 204.943.8765 newcomers

Inner City Homebuyer Plan

If you're living on a low income, this program can help you save for a down payment for a house in the inner city. Your savings will be matched 1:1 up to a total of $5,000. To learn more about this program, including its requirements and start dates, please contact SEED Winnipeg at 204.927.9935

 

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