Individual Development Accounts (IDA)

Individual Development Accounts (IDAs) are a proven method for building assets in low income families. The IDA is a matched savings account that offers low-income workers the opportunity to open a savings account that can be used for higher education or the purchase of a first home.

WACA’s IDA program supports low-income individuals in Yuma County who want to go to college or purchase a first home by matching every dollar saved in an IDA account with $3. WACA also helps participants save by providing free financial planning courses and financial counseling along the way.


Eligibility Requirements

  • At least 16 years of age
  • Participant must have some source of earned income
  • Participant’s household net worth must be less than $10,000 (excluding one car and one home)
  • Participant’s household income must be at or below 200% of Federal Poverty level
  • Yuma County resident


How Does It Work?

  • After completing an application and enrolling in the program, Participants will open a no-fee savings account at one of our partner institutions, with a minimum $25 deposit.
  • Participants must save for at least 6 months.
  • Participants must make minimum deposits into their account every month.
  • An Action Plan will be developed identifying steps to help a Participant become ready to start school or purchase their first home. We will keep in touch on a monthly basis to ensure the Participant is meeting their Action Plan goals.
  • Every Participant will attend workshops on how to purchase a home (if saving for homeownership) and how to develop their financial skills.
  • Upon reaching their savings goals, Participants receive a 3 to 1 match for every dollar saved. WACA will pay the match funds directly to the school or title company.


Risk Free!

  • No Penalty for Early Exit
  • Unlimited Financial Counseling available for participants
  • Free Financial Capabilities and certified 8-Hour Pre-Purchase classes


For More Information

Learn how an IDA can help you save money and reach your goal of going back to school or buying a home! Contact us at 928-217-7156 or email at:

To complete an application, download and complete the IDA Application Packet and call or email us to schedule your appointment.