OFN Ally Locator

  • OFN Allies actively support OFN’s mission and the important

  • work we do on behalf of the opportunity finance industry.

Ally Locator

Individuals

INDIVIDUALS

  • Tony Abraham
  • Douglas Adair
  • Joaquin Altoro
  • Bruce Bryant
  • Sheila Cuddy
  • Elizabeth Derringer
  • Catherine Dolan
  • Eric Foster
  • Anne Geggie
  • Timothy Johnson
  • Mary Ellen Judah
  • Kendra Key
  • Marsha Krassner
  • Lisa Lowe
  • Margaret Lund
  • Tom Manning
  • Sean-Tamba Matthew
  • Dre McCray
  • Jerry McGaughy
  • Robert McKean
  • George Mensah
  • John Moukad
  • Cheryl Neas
  • Susan Newton-Rhodes
  • Paula Planthaber
  • Phebe Quattrucci
  • David Roddick
  • Cliff Rosenthal
  • Helen Scalia
  • Norman E. Taylor
  • Sima Thakkar
  • Rosa Rios Valdez
  • Jennifer Vasiloff
  • Mary Vasys
  • Sridevi (Shree) Veeramachaneni
  • Stacie Whisonant
  • Lisa Wright
  • Organizations

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    Nusenda Credit Union Ally Type: Organization
    Albuquerque, NM

    Nusenda Credit Union

    Contact Name: Robin Brule
    Phone Number: 505-889-2527
    Category: CDFI
    Website: http://www.nusenda.org

    Services Offered:

    In additional to traditional financial services, Nusenda Credit Union is committed to seeking out new and innovative programs and services that meet the needs of our member owners, community members, and community partners. Examples of this philosophy include Co-Op Capital and our Financial Capability Curriculum. Co-Op Capital is an innovative financial product offered through Nusenda that changes how low-income entrepreneurs secure capital by establishing new access points and changing the roles of lender and borrower. Nusenda works with trusted member organizations, such as associations or co-ops, to offer microloans to low-income entrepreneurs or those who have difficulty accessing traditional or alternative lending. The program has been highly successful in its launch phase and is positioned to expand. Nusenda Credit Union has taken an innovative and collaborative approach to providing financial capability, training, and workshops for community and non-profit organizations. Nusenda’s financial capability philosophy is to integrate and embed financial capability into existing programming to make it more robust, rather than adding new and more programs. Integrating financial capability into existing systems increases the potential for sustainability, deeper impact, and lasting partnerships.

    Description:

    Since its beginning in 1936, Nusenda Credit Union has operated under a fundamental principle: do well, so that we can do good. This principle has fueled the credit union’s growth from its nine founding members to more than 160,000 member-owners. Nusenda Credit Union believes that giving means more than just writing a check. Our financial and non-monetary contributions are shared with our partner organizations and nonprofits to strengthen and support the needs of the communities where our members live and work. Our unique approach to philanthropy incorporates the “Power of WE” as our members help guide our investments toward five focus areas: Education, Healthcare, the Arts, Environment and Wildlife, Community Services and Support. Nusenda Credit Union has been recognized locally and nationally for the innovative nature of the programs we have created. This commitment to community is focused on improving financial outcomes for our member-owners, our employer group partners, and the larger community.

    Oportun Ally Type: Organization
    Redwood City, CA

    Oportun

    Contact Name: Sarah Livnat
    Phone Number:
    Category: CDFI
    Website: http://www.oportun.com

    Services Offered:

    Oportun’s unsecured installment loans range from $300 “starter” loans to $7,000* for returning customers. Customers receive a short "just in time" credit education at the time the loan is disbursed.

    Oportun loans are responsible:

    Our proprietary system – which leverages advanced data analytics and ten years of insights gained from serving customers – determines every loan applicant’s ability to repay and approves loans to those it calculates are likely to repay on time. Our underwriting also includes verifying income for all loan applicants. Payment terms are realistic: We use our data analytics to determine loan amounts and terms that fit individual budgets. Our loans feature fixed, affordable payments over 7 to 35 months. There are no “surprise” balloon payments. There is no penalty for pre-payment. Payments align to customer pay periods. Our loans are affordable: Compared to the alternatives typically available to people with limited credit history — including payday, auto-title, and pawn loans — Oportun loans are affordable. Those alternatives are on average more than four times more expensive than Oportun loans but can be up to seven times more expensive, according to a study conducted on Oportun’s behalf by the Center for Financial Services Innovation (CFSI), a leading authority on consumer financial health.

    ** We help customers establish credit history: Customer accounts are reported to credit bureaus to help borrowers establish credit history. (As of September 30, 2015, approximately 48 percent of all Oportun customers had no credit score when they first applied with Oportun.)

    *** *Loan approval and terms may vary per applicant. $7,000 loans are for returning customers upon approved credit.

    **CFSI developed a product cost model that took into account the size of a loan, the monthly cash-flow borrowers have available to service a loan, and the rates and terms offered at Oportun and at alternative small-dollar credit providers that are generally used to fulfill similar borrowing needs in some of the geographic areas served by Oportun (Arizona, California, Illinois, Nevada, Texas, and Utah). Data was collected in December 2016.

    ***No Credit Score Population was defined as all first-time loan applicants who received a loan from Oportun, who did not have a Vantage score at the time of their application.

    Description:

    Oportun is a financial technology company and CDFI founded in 2005 with the mission of providing affordable loans to people in the US with little or no credit history, so they can establish credit and build a better future. Oportun uses advanced data analytics and technology to score the “unscorable” and offer responsible, affordable, credit-building loans to individuals with limited credit history. We offer bilingual (English/Spanish) servicing and documentation via telephone, Web, mobile, or in-person through over 215 locations in California, Illinois, Nevada, Texas, Utah and Arizona. Since making our first loan in 2006, we have helped over 890,000 people, the vast majority of whom live in low-to-moderate income communities. We have provided access to $3.3 billion in needed credit which has helped save our customers an estimated $920 million in fees and interest they would have otherwise paid to more expensive alternatives typically available to people with limited credit history. (According to a study conducted on Oportun’s behalf by the Center for Financial Services Innovation (CFSI), a leading authority on consumer financial health.)* * As of December 31, 2016

    Paragon, Florida Ally Type: Organization
    West Palm Beach, FL

    Paragon, Florida

    Contact Name: Pamela Stewart
    Phone Number:
    Category: CDFI
    Website: https://www.paragonfl.org/

    Services Offered:

    Description:

    People Trust Ally Type: Organization
    South Freeport, ME

    People Trust

    Contact Name: Arlo Washington
    Phone Number: (501) 590-1700
    Category: CDFI
    Website: http://peopletrustloans.org

    Services Offered:

    • Consumer signature
    • Micro loans
    • Student Bridge loans
    • Small business startup loans
    • Financial Literacy

    Description:

    CDFI with two parts: Lending/Community Development with 3 products: student bridge loan, consumer signature loan (micro loans) and small business startup. CFEI certified

    Rainier Valley Community Development Fund Ally Type: Organization
    Seattle, WA

    Rainier Valley Community Development Fund

    Contact Name: Wayne Lau
    Phone Number:
    Category: CDFI
    Website: http://rvcdf.org/

    Services Offered:

    Description:

    Religious Communities Investment Fund Ally Type: Organization
    Oakland, CA

    Religious Communities Investment Fund

    Contact Name: Corinne Florek
    Phone Number:
    Category: Nonprofit
    Website: http://rcif.org/

    Services Offered:

    Description:

    Renaissance Economic Development Corp. Ally Type: Organization
    New York, NY

    Renaissance Economic Development Corp.

    Contact Name: Jessie Lee
    Phone Number: 212.964.6022
    Category: CDFI
    Website: http://www.renaissance-ny.org

    Services Offered:

    Microloans, Small Business Loans, and Small Business technical assistance

    Description:

    Renaissance Economic Development Corporation (REDC) is a 501(c)(3) nonprofit organization and a U.S. Treasury-certified Community Development Financial Institution. REDC’s mission is to transform low-to-moderate income (LMI) communities in New York City by increasing economic opportunity and improving the business climate for the disadvantaged and low income immigrant and minority populations of Kings, Queens, Bronx, Richmond, and New York Counties. REDC provides direct technical and financial assistance services to small businesses throughout New York City with an emphasis on increasing business opportunities for minority, women and immigrant entrepreneurs in communities where cultural and language barriers and lack of access to conventional credit have stymied the growth of small businesses.

    Reynders McVeigh Capital Management Ally Type: Organization
    Boston, MA

    Reynders McVeigh Capital Management

    Contact Name: Carrie A. Endries, Ph.D.
    Phone Number: (617) 226-9999
    Category: Service Provider
    Website: http://www.reyndersmcveigh.com

    Services Offered:

    Reynders, McVeigh Capital Management's services include the research and selection of equity and fixed income instruments and the appropriate allocation of these assets, in combination with a cash reserve, for client portfolios. We also offer financial advice and assistance in the review and implementation of retirement and estate planning, as well as trust services and selected alternative impact investments. We tailor our advisory services to clients’ objectives, values and constraints. We assist the client in determining his or her appropriate investment and impact objectives, help set reasonable and responsible goals, and design an investment plan that meets the client’s needs.

    Description:

    Reynders, McVeigh Capital Management LLC. ("Reynders, McVeigh") is a socially responsible investment (“SRI”) management firm that provides tailored investment advice designed to meet clients’ long-term investment objectives. Charlton Reynders, III and Patrick McVeigh founded Reynders, McVeigh on November 21, 2005 on the belief that progressive thinking, rigorous fundamental research, careful portfolio management and social responsibility work together and lead to outperformance. The Firm's clientele include: high net-worth individuals; trusts, estates and charitable organizations; corporations and other businesses; pension and profit sharing plans; and investment companies registered under the Investment Company Act of 1940 (e.g., mutual funds).

    Rural Dynamics, Inc. Ally Type: Organization
    Great Falls, MT

    Rural Dynamics, Inc.

    Contact Name: Alicia Ayers
    Phone Number:
    Category: Service Provider
    Website: http://ruraldynamics.org/

    Services Offered:

    Description:

    Rural Investment Corporation (RIC/REAP) Ally Type: Organization
    Lyons, NE

    Rural Investment Corporation (RIC/REAP)

    Contact Name: Jeff Reynolds
    Phone Number: 402-656-3091
    Category: CDFI
    Website: http://www.cfra.org/reap

    Services Offered:

    The Rural Investment Corporation offers financing and technical assistance to small and very small businesses in rural Nebraska. Its affiliate/partner, REAP, provides microenterprise loans (less than $50,000) as well as training and technical assistance, primarily through its Women’s Business Center and Latino Business Center.

    Description:

    The Rural Investment Corporation (RIC), a Nebraska nonprofit 501(c)(3) corporation, is a wholly-owned subsidiary corporation of the Center for Rural Affairs (CfRA). RIC was incorporated in 1997, but was not capitalized until 2011. RIC was certified as a Community Development Financial Institution (CDFI) in 2013. RIC is a lending partner to the Center’s REAP program – the Rural Enterprise Assistance Project – with both organizations sharing a market, staff, facilities, infrastructure and relationships.

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