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THE FAMILY SAVINGS ACCOUNT (FSA)
AND
THE FUNDS INVESTED FOR TOMORROW (FIT)
PROGRAMS
What are these programs?
The FSA and FIT programs are joint efforts between the Federal Government, the State Government, local financial institutions, CACLV, and you to help you save money, increase your assets, and gain financial education.
What is the Income Eligibility?
Your income must be under:
| Family Size | IDA | FSA |
|
1 |
$21,660 | $39,200 |
| 2 |
$29,140 |
$44,800 |
| 3 | $36,620 | $50,400 |
| 4 | $44,100 | $56,000 |
| 5 | $51,580 | $60,500 |
| 6 | $59,060 | $64,950 |
Participants cannot have more than $10,000 of net assets.
How does it work? 
- You choose one of five goals to save for:
- HOME PURCHASE
- HOME REPAIR
- CAR PURCHASE
- POST-SECONDARY EDUCATION
- BUSINESS START-UP
- You open a bank account at one of our partner financial institutions.
- You save a minimum of $10 a week for up to 36 months until you have saved $2000 and then we match your savings with another $2000, tax free.
- You must attend free financial education workshops designed to help you achieve your goal.
For additional information, please contact:
Susan Zlotnick, Project Coordinator
Phone: 484-893-1064
Email: szlotnick@caclv.org