Individual Development Accounts (IDA)

Individual Development Accounts (IDA) 2017-07-10T14:28:29+00:00

Individual Development Account (IDA)

An Individual Development Account is a matched savings account designed to help low-income families save towards:

  • Home ownership
  • Small business ownership
  • Post-secondary education

In addition to earning matched dollars, IDA clients attend financial skill-building classes and financial literacy education, including budget counseling and long-term case management.

An IDA can be traditional or non-traditional. Traditional IDAs can only be used for starting a small business, funding post-secondary education, or buying a home. Non-traditional IDAs are more flexible and can be used for purposes such as buying a used car.

We’re proud to offer traditional IDAs in the following counties:

  • Delaware
  • Madison
  • Union

We also offer non-traditional IDAs in the following counties:

  • Delaware
  • Champaign
  • Logan
  • Madison
  • Shelby
  • Union

Bridges Community Action Partnership’s financial partner for IDAs is First Merit Bank in Delaware, Ohio. Participants open an account with First Merit Bank, and all deposits made will be matched by the IDA. The bank or credit union will handle all transactions to and from the IDA. Monthly reports will be sent to IDA participants so they can see how much money is accumulating in their account.

How Does It Work?

  • Complete the initial application and release forms.
  • If you are approved for the program, you will complete additional paperwork for processing.
  • You will make monthly deposits into your IDA.
  • Bridges Community Action Partnership will match your savings at a rate of 2-to-1 or more. For instance, for every $1 you deposit, we will deposit an additional $2 or more in your account.
  • You must attend financial literacy classes and be involved in planning your specific program.
  • Clients be can enrolled in the program for a minimum of 6 months and up to 24 months. The program takes approximately 6 – 18 months to complete.
  • Total savings, plus match, will be approximately $3,000 by the end of the program, plus interest.
  • Funds are paid directly to the provider of the investment or asset that you have chosen (for example, a home, a vehicle, education, etc.)
  • Funds can be withdrawn for emergency purposes only one time prior to completion of the program.

Who Is Eligible?

  • Total income must be below 200% of the federal poverty guidelines

How Do I Apply?

To find out if you’re eligible and to start the application process, please schedule an appointment.

» Click here to request an appointment.


If you have any questions about eligibility requirements or services provided, please contact us.



Administrative Office/Union County

232 N Main Street
Marysville, OH 43040
937-642-4986 (phone)
800-858-4452 (toll-free)
937-642-1925 (fax)

Champaign County

1679 E. State Route 29
Urbana, OH 43078
937-772-9164 (phone)
937-772-9167 (fax)

Delaware County

555 Sunbury Road
Delaware, OH 43015
740-369-3184 (phone)
740-363-7502 (fax)

Logan County

165 E. Lake St.
Lakeview, OH 43331
937-404-9203 (phone)
937-404-9211 (fax)

Madison County

306 Lafayette Street
London, OH 43140
740-852-3511 (phone)
740-852-7101 (fax)

Shelby County

110 East Russell Road
Sidney, OH 45365
937-507-9341 (phone)
937-507-9372 (fax)