CDFI Connect Community Discussions

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Updated: 8 min 23 sec ago

FY 2018 Side by Side

Mon, 2019-12-02 14:44
From : Communities>>Open Forum
Last week, OFN released the 21st edition of our Side by Side publication, an annual reference guide for CDFI industry practitioners, investors, and others interested in assessing the opportunity finance industry's activity and performance. This year's edition uses FY 2018 Annual Member Survey data from 214 OFN member CDFIs to illustrate numerous peer group analyses split by primary financing sector and asset size. New to this year's report, several lending sectors added peer groups due to OFN's increased [More]

RE: Refinancing Balloon Payments

Thu, 2019-11-28 10:12
From : Communities>>Open Forum
To Heather's question, you might find a variety of responses. What I can offer is from what we see across our client base. It really boils down to a couple of choices based on the reason the Balloon was negotiated vs the reason it's being refinanced. As you know, these Balloons are varied in use from preset periods to allow construction for example, a period of time you are prepared to support the Borrower or an option to renegotiate terms. What we see typically is a small percentage of balance fee [More]

Refinancing Balloon Payments

Wed, 2019-11-27 14:56
From : Communities>>Open Forum
Just when we thought we were done with our policies and procedures.... we have a refinance of a balloon payment. I'd be interested to know the following: 1. Do you charge new fees to refinance a balloon payment for an existing client? 2. Do you use a standard credit memo or do you use a different format? Thank you for your input! Heather Heather Gurewitz Executive Director Economic Development & Financing Corp 208 B. South Oak St. Ukiah, CA 95482 P: (707) 234-5705 C: (707) 376-8699 http://www.e [More]

RE: SEO and Search Marketing for CDFIs - Would training or resources be helpful?

Tue, 2019-11-26 14:38
From : Communities>>Open Forum
Hi Everyone, Thank you all for completing the survey I shared. Also, special thanks to the folks I've connected with directly who have helped me get a deeper understanding of the kind of marketing and SEO challenges you all are facing. Knowing some of the common challenges, I'm going to be hosting an Intro to SEO webinar on December 12th @ 10 AM PT / 1 PM ET. I hope you all can join!  You can register here: https://app.livestorm.co/cnote/intro-to-seo-for-cdfis  ​ Best, Mike ------------------------------ [More]

CDFI Connect Will Undergo Maintenance on Monday, November 25

Sat, 2019-11-23 21:31
From : Communities>>Open Forum
On Monday, November 25, between 10:00 AM EDT and 2:00 PM EDT CDFI Connect will be undergoing maintenance and you will be unable to login to your account.   We apologize for the inconvenience. ------------------------------ Seth Julyan Executive Vice President, Membership Opportunity Finance Network Philadelphia PA 215-320-4342 ------------------------------

RE: 2020 Oweesta Capital Access Convening - Call for Proposals

Fri, 2019-11-22 19:18
From : Communities>>Open Forum
@Jamie Strayer ​ ------------------------------ Crystal Martin Executive Assistant CU Strategic Planning Tacoma wA 253-200-0418 ------------------------------

Wisconsin Women in CDFIs - December Luncheon Invitation

Fri, 2019-11-22 16:17
From : Communities>>Open Forum
The Wisconsin Women in CDFIs December luncheon will take place on Monday, December 9th from 12 - 1:30 p.m. at The King and I restaurant in Milwaukee (a women-owned business and CDFI client) located at 830 N. Old World Third St. Bring in the holidays with Wisconsin Women in the CDFI industry!  Share highlights of the year Recognize accomplishments and goals met Open up for challenges and ideas for advancement Help plan for 2020, including quarterly events Lunch will be provided. Wisconsin women [More]

CDC Small Business Finance is hiring

Fri, 2019-11-22 09:52
From : Communities>>Open Forum
CDC Small Business Finance is hiring a Jr, Staff Accountant. The position is in our San Diego headquarters (yes, it's late November, sunny and 70 degrees this weekend!).  For additional information contact Natalie Moreno at NMoreno@cdcloans.com Job Responsibilities: Provide accounting and clerical assistance to the accounting department. Record journal entries to the general ledger system. Accountable for collecting timekeeping information and issuing pay and pay-related information to employees. [More]

RE: Examples of CDFI Anniversary Communications

Thu, 2019-11-21 10:48
From : Communities>>Open Forum
Jason - thank YOU for posting this. Next year will be Access to Capital for Entrepreneurs' (ACE) 20th year celebration and we are just beginning to brainstorm ideas and discuss. These responses will serve as a resource for our team. We don't have a person dedicated to Marketing and Communication, so gleaning all knowledge. Best to you! Martina Edwards ------------------------------ Martina Edwards Chief of Strategic Partnerships Access to Capital for Entrepreneurs (ACE) Atlanta GA (678) 335-5600 [More]

African American Female Loan Fund (??)

Wed, 2019-11-20 19:10
From : Communities>>Open Forum
My organization - CEDS Finance - has partnered with a business incubator for female, African American entrepreneurs. As a CDFI, we'll be managing all aspects of the fund and the respective loans for this partnership. Does anyone know of other American American female specific loan funds in the country? We've found dedicated loan funds to women of color and African Americans (but none that are specific our target population).  Please do share of any loan fund that you are aware of, and we're open [More]

RE: Community Development Credit Union

Wed, 2019-11-20 14:35
From : Communities>>Open Forum
Thank you! Jodi K. Rathbun-Briggs Senior Vice President Chief Lending Officer NMLS# 864062 413-236-4191 150 West Street, Pittsfield, MA 01201 Fax: 413-442-0292 NOTICE: The information in this email message is legally privileged and confidential and is intended only for the use of the addressee(s) named above. If you are not the intended recipient, you are hereby notified that you should not further disseminate, distribute, or forward this email message. If you have received this email in error, [More]

RE: Examples of CDFI Anniversary Communications

Wed, 2019-11-20 14:32
From : Communities>>Open Forum
Thank you! ------------------------------ Jason Anderson Sr. Director, Marketing & Communications Capital Impact Partners Arlington VA (703) 647-2308 ------------------------------

RE: Examples of CDFI Anniversary Communications

Wed, 2019-11-20 14:32
From : Communities>>Open Forum
Thank you! ------------------------------ Jason Anderson Sr. Director, Marketing & Communications Capital Impact Partners Arlington VA (703) 647-2308 ------------------------------

RE: Community Development Credit Union

Wed, 2019-11-20 13:39
From : Communities>>Open Forum
Sharon Hall was the Executive Director of Express Advantage ( now the National Council of Financial Opportunities). It was Express Credit Union's non-profit foundation. She was also the credit union CEO who managed the build-out of the foundation with funding from The Bill and Melinda Gates Foundation, Medina Foundation and Ford Foundation. I highly recommend you connect with Sharon. Her contact is: Sharon@CreditUnionStrategicPlanning.com (253) 200-0418 x110 ------------------------------ Jamie (Chase) [More]

RE: Community Development Credit Union

Wed, 2019-11-20 11:11
From : Communities>>Open Forum
@Jamie Strayer ​​ ------------------------------ Crystal Martin Executive Assistant CU Strategic Planning Tacoma wA 253-200-0418 ------------------------------

Community Impact Investing

Wed, 2019-11-20 08:46
From : Communities>>Open Forum
Hello,  The new  "Community Impact Investing"  issue from the award-winning  GreenMoney Journal  is now online. The Nov 19 issue features articles by Self-Help Credit Union, Gurtin Municipal Bond Mgmt, LOCUS Impact Investing, Capital Good Fund, and CDC Deposits.  In many ways Community Investing is the most personally impactful part of SRI. From affordable housing to financial literacy to small business funding   – community investing changes people's lives . All at-   https://GreenMoney.com ------------------------------ [More]

Files Attached Document
Community Impact Investing

Community Development Credit Union

Tue, 2019-11-19 20:01
From : Communities>>Open Forum
Hello!    My organization is a community development credit union (CDCU) and we are a CDFI.  We are still learning to use our CDFI muscle and I was happy to connect with this group.   We are considering the formation of a foundation to further support our financial literacy and lending work.  I am interested in resources (consultants, discussion groups, conferences) that could help me assess this possibility and/or help me execute.   I am already well connected with Inclusiv (the former Federation [More]

RE: Innovations in Underwriting

Tue, 2019-11-19 19:38
From : Communities>>Open Forum
Wow!  Thank you for sharing.  I wasn't looking for it, but it was a nice surprise! ------------------------------ Jodi Rathbun-Briggs Senior Vice President Greylock Federal Credit Union Pittsfield MA 4132364191 ------------------------------

New CRA research suggests incremental approach to reform

Tue, 2019-11-19 12:07
From : Communities>>Open Forum
Dear Colleagues: Just wanted to share this with you as we gear up for CRA reform proposals...likely in December. New Penn Institute CRA Research Compendium Suggests Incremental Change Is Best Path For CRA Reform https://ncrc.org/new-penn-institute-cra-research-compendium-suggests-incremental-change-is-best-path-for-cra-reform/ Josh Silver Josh Silver Senior Advisor National Community Reinvestment Coalition 202.464.2733 202.628.9800 (fax) jsilver@ncrc.org Pronouns: He/Him/His 740 15th Street [More]

RE: CDFI FA Award announcement date?

Tue, 2019-11-19 12:06
From : Communities>>Open Forum
Emily - it was announced today   https://www.cdfifund.gov/news-events/Pages/news-detail.aspx?NewsID=362&Category=Press%20Releases  Congrats to our clients for a fantastic year! ------------------------------ Jason Friedman Principal Friedman Associates 319-341-3556 jasonj@friedmanassociates.net www.friedmanassociates.net ------------------------------

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