As we wrap up 2019, we'd like to welcome and introduce OFN's newest members. With the addition of the following CDFIs, OFN's network has reached its largest size ever with 278 members and 150 allies! Thank you to all this year's new and returning members and allies for helping strengthen our collective impact in communities across the U.S.
Cheers to a fantastic 2019 as we look forward to 2020!
- Catalytic Development Funding Corp. of Northern Kentucky – Based in Covington, Kentucky–right across the Ohio River from Cincinnati–the Catalytic Fund focuses on commercial real estate and has been lending since 2013.
- FORGE, Inc. – Based in Huntsville, Arkansas, FORGE, Inc. serves those in the Ozarks region with microenterprise lending. A CDFI since 2010, FORGE, Inc. claims to be the oldest loan fund in Arkansas and was founded in 1988 by a group of organic farmers who lacked access to capital.
- Guadalupe Centers Federal Credit Union – While the Guadalupe Centers have been around since 1941, their credit union is relatively new, having started in 1995 in Kansas City, Missouri. Becoming a certified CDFI in 2013, GCFC focuses on general consumer lending and helping members achieve personal financial success.
- Lummi Community Development Financial Institution – Lummi is a native CDFI loan fund located in Bellingham, Washington. Becoming a certified CDFI in 2008 with a focus on business lending and helping community members strengthen their personal credit, Lummi's vision is to support a "a vibrant, resilient economy supporting our community’s spiritual and economic wellbeing."
- The Real Estate Council Community Fund – TREC Community Fund is a subsidiary of the Real Estate Council, based in Dallas, Texas. With lending starting in 2012, TREC's loans have contributed to the development of 145,000 square feet of community space, 21,000 square feet of commercial real estate space, and 25 single family and 14 multi-family homes.
Are you interested in joining OFN? We offer two ways to join:
OFN members are performance-oriented CDFIs that finance community businesses and consumers, delivering both sound financial returns and real change. As an OFN member, CDFIs can leverage a network of more than 270 CDFIs to increase their impact and help shape the industry. Membership also offers discounts on OFN products and services, as well as access to members-only services.
OFN allies are organizations and individuals that share our mission and want to be active partners in the opportunity finance industry. Allies—which include CDFIs that do not meet our eligibility criteria—support our core purpose of aligning capital with social, economic, and political justice. Allies receive priority access to discounts, OFN resources, and enhanced access on CDFI Connect.