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Links to
services & Information :
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Family Savings Account Program
 | a family savings Account (FSA) is a matched savings account
designed to help you achieve your long-term financial goals, specifically:
1) Education
2) Purchase a home or home repair
3) start a business
4) Purchase Automobile |
| Who qualifies for this program ?
- Armstrong County resident
- Butler County resident
- Westmoreland County resident
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|
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Family Size |
Income Limit |
|
1 |
$17,180 |
|
2 |
$23,220 |
| 3 |
$29,260 |
| 4 |
$35,300 |
| 5 |
$41,340 |
| 6 |
$$47,380 |
| 7 |
$53,420 |
| 8 |
$59,460 |
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Individuals who meet the guidelines may contact the Armstrong
County Community Action Agency to complete an initial application and set up an
account : 724-548-3405
How Does it work ?
| First, you open a savings account called a Family Savings
Account (FSA) at Merchant Bank |
| Account holders save $10 per week for a period of 12 or 24
months. |
| Matching State funds will be provided at a 50% rate, up to
$300 per year, for one or two years. |
| Matching Federal funds will be provided at a 50% rate, up
to $300 per year, for one or two years. ( no federal matching funds for
automobile) |
| Participants attend four basic financial management
workshops in personal budgeting, credit and credit repair, banking products
and options, loans and grant resources, and basic financial planning.
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Brochures available at the Township Office
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Washington
Township
