Community Development Financial Institutions (CDFIs)

Southern Appalachian Fund

http://www.southappfund.com

The Southern Appalachian Fund (SAF) is a $12.5 million community development venture capital fund formed to provide equity capital and operational assistance to qualifying businesses in southern Appalachia. SAF focuses specifically on companies in Kentucky, Tennessee, and the Appalachian counties of Georgia, Alabama, and Mississippi and makes investments in qualifying firms in amounts that range from $200,000 to $600,000. Through its investments, the fund aims to promote economic development, encourage wealth creation and increase job opportunities for individuals living in low-income geographic areas.

Self-Help

http://www.self-help.org

Founded in Durham, Self-Help has grown into a CDFI comprising an advocacy group, a loan fund, and two credit unions serving over 145,000 members across North Carolina, California, Florida, and the greater Chicago region. Since its establishment in 1980, Self-Help has made 146,000 loans to families, individuals, and organizations, and has provided $7.1 billion in financing to projects credited with creating or maintaining 45,000 jobs.

The Reinvestment Fund

http://www.trfund.com

Founded in 1985, TRF is an umbrella group that oversees a host of community development loan and venture funds that invest in the Mid-Atlantic region. As of 2007, TRF has managed over $700 million in capital. To date, TRF financing has helped create or preserve over 16,000 housing units, 420 businesses, 22,000 charter school slots, 35,000 jobs and 1.53 million MWh of clean energy, or enough power to run 150,000 homes for a year. Read more about The Reinvestment Fund...

People's Community Partnership Federal Credit Union

http://www.peoplescu.org/

Chartered in 2000 and open since 2001, People's Community Partnership is a community development credit union that is open to anyone who lives, works, worships or volunteers in the West Oakland flatlands. It is also the first banking institution to operate in West Oakland since the 1960s, providing area residents with an alternative to expensive check-cashing services and payday loans. Members can open an account with as little as a $25 and a one-time $5 fee. It has grown to have more than 2500 members with assets of more than $4.5 million. Read more about People's Community Partnership Federal Credit Union...

Northcountry Cooperative Development Fund

http://www.ncdf.coop

Northcountry Cooperative Development Fund is a member-owned and governed community development loan fund and federally certified Community Development Financial Institution (CDFI). Structured as a cooperative assoication, NCDF is owned by more than 150 cooperatives in 30 states and finances producer, worker, consumer, and housing cooperatives through the US (except in New England – see Cooperative Fund of New England). Read more about Northcountry Cooperative Development Fund...

Nonprofit Finance Fund

http://www.nonprofitfinancefund.org

The Nonprofit Finance Fund was established in 1980 and is now one of the nation's leading community development financial institutions (CDFIs), serving nonprofits in the Washington, D.C. Read more about Nonprofit Finance Fund...

New Hampshire Community Loan Fund

https://www.communityloanfund.org

New Hampshire Community Loan Fund was the first statewide community development loan fund in the country. The Community Loan Fund is nationally recognized for its ROC-NH manufactured housing loan program, which has enabled mobile home residents to purchase mobile home parks and run them as cooperatives. Read more about New Hampshire Community Loan Fund...

Montana Community Development Corporation

http://www.mtcdc.org

Founded in 1989, Montana CDC serves, despite its “CDC” name, more as a Community Development Financial Institution (CDFI), with a focus on small business lending in five counties of western Montana. It also operates a Native American Fund (which makes micro loans to Native American-led businesses) and a Child Care Loan fund that helps childcare businesses expand facilities and improve programs. Between July 2004 and February 2005 alone, it disbursed over $500,000 in loan financing. Read more about Montana Community Development Corporation...

Opportunity Resource Fund

http://www.interfaithtrust.org

Created in 2004 out of a merger of two community development funds that date back to the 1980s, the Opportunity Resource Fund (formerly named the Michigan Interfaith Trust Fund) offers a variety of loan products, and underwrites projects for affordable housing, economic development, pre-development, and mixed-use development throughout the state of Michigan. To date, the fund has lent $21.9 million for affordable housing, leveraging an additional $73.7 million, and has helped develop nearly 2,000 housing units. Read more about Opportunity Resource Fund...

Lakota Fund

http://www.lakotafund.org

Founded in 1985, the Lakota Fund has promoted economic revitalization on the Pine Ridge Reservation community. The fund has financed the construction of affordable housing, made micro-enterprise and small business loans supporting the employment of over 500 people and has developed an Individual Development Account matched-savings program. Read more about Lakota Fund...

Kentucky Highlands Investment Corp.

http://www.khic.org

KHIC was founded in 1968 to promote community economic development in southeastern Kentucky. In 1972, it became the country's first community development venture capital fund, a fund which has now grown to $40 million. Over the years KHIC has helped provide $178 million in financing to 220 businesses, thereby helping to create 9,900 jobs. Read more about Kentucky Highlands Investment Corp....

Florida Community Loan Fund

http://www.fclf.org

Intending to create a new financing organization to support nonprofits with access to credit and technical assistance, in 1996, a local religious group pooled its pension funds to provide the initial investment for Florida Community Loan Fund (FCLF). To date, the state’s first statewide certified CDFI has made over 180 loans for a total of over $140 million to over 100 organizations throughout Florida. In 2014, more than $62 million, about one third of FCLF 2014 lending, was deployed within the Fort Lauderdale-Miami region. Read more about Florida Community Loan Fund...

Ecotrust

http://www.ecotrust.org

With a focus on creating economic opportunity, promoting social equity, and ensuring environmental well-being, Ecotrust accomplishments include co-founding the world's first environmental bank with now more than $300 million assets and receiving $50 million in New Markets Tax Credits to start the world's first ecosystem investment fund. Since its founding in 1991, Ecotrust has helped create more than $300 million in capital for the people, communities and businesses of the West Coast, including Alaska. Read more about Ecotrust...

Cooperative Fund of New England

http://www.cooperativefund.org

Founded in 1975, the Cooperative Fund of New England has grown to have $5.5 million in assets under management. To date, the loan fund has provided $14.7 million to fund 411 loans to cooperative businesses and community-oriented nonprofits around the region, helping to create or retain more than 5,000 jobs and finance the building or improvement of over 2,000 homes. Read more about Cooperative Fund of New England...

Community First Fund

http://www.commfirstfund.org

Founded in 1992, Community First's service area has expanded from its initial base in Lancaster County to a thirteen-county region in south central Pennsylvania with a population of over 3.5 million. To date, Community First Fund has made over $19 million in loans. Community First has helped preserve 1,300 jobs, develop 120 new affordable housing units, and finance 150,000 square feet of commercial space, primarily in lower income urban neighborhoods. Read more about Community First Fund...

ASI Federal Credit Union

http://www.asifcu.org

Chartered in 1961, ASI Federal Credit Union serves more than 74,000 working class members - 60 percent of whom live below the poverty line - in New Orleans and surrounding areas of the city. Following Katrina, ASI created the nonprofit, A Shared Initiative (ASII), to promote economic empowerment, financial justice, and mobility to people historically overlooked by traditional financial institutions. Read more about ASI Federal Credit Union...

Bethex Federal Credit Union

http://www.bethexfcu.org

Serving more than 5,000 members, Bethex is a small community development credit union based in the Bronx that has come up with an innovative way of dealing with competition from check cashers: partnering with them to enable customers at their point-of-banking terminals - more than 130 sites across the city - to make free loan payments and deposits into their credit union accounts. Read more about Bethex Federal Credit Union...

Alternatives Federal Credit Union

http://www.alternatives.org

Alternatives Federal Credit Union was founded by the Alternatives Group, which brought together community groups, cooperatives, and worker-owned enterprises. It has over $51 million in assets. In addition to providing consumer loans, the credit union also operates an individual development account program, a student credit union, and provides business loans. Read more about Alternatives Federal Credit Union ...

Nonprofits Assistance Fund

https://nonprofitsassistancefund.org/

Based in Minneapolis, the Nonprofits Assistance Fund aims to strengthen the community by investing capital and expertise into nonprofit organizations. In fiscal year 2015, the CDFI provided over $16 million in working capital and facilities loans and 1,362 hours of financial technical assistance to a wide range of 501(c)(3) organizations operating across Minnesota and its neighboring communities.

Sunrise Banks

https://www.sunrisebanks.com

Sunrise Banks is a family-owned bank headquartered in St. Paul, Minnesota with six branches, most of which are located in the urban core of Minneapolis and St. Paul. Its Impact Deposit Fund enables all customers with depository accounts to invest their savings at competitive interest rates; these funds—which now total more than $125 million—are then used to finance community projects and development. The CDFI made over $135 million in loans to underserved communities in 2015.

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