CFRC is a Ca l i f o rn i a F inance Lender and cer t i f i ed by the U.S . Dep t . o f the Treasu ry as a Commun i t y Deve lopmen t

F inanc ia l Ins t i t u t i on (CDF I )

Los Angeles Landscape

• Disinvested…sort of• Disenfranchised• Asset poor• Shut off from the

financial mainstream

Our Role

• Provide asset building programs and services

• Bridge access between financial institutions and neighborhoods

• Point of financial resources

Stabilize Communities

of U.S. households (approx. 9m) are unbanked

of Hispanic households are

unbanked or underbanked

Micro-enterpriseHuman Capital

HomeownershipCash Flow Buffer/Emergency Fund

Roads to Asset Building

Platforms• Bank on LA campaign

challe nge s

• Historically-disinvested neighborhoods

challe nge s

• Historically-disinvested neighborhoods

ProductsProductsSavings Accounts – 18-23% interest subsidy

payoutsAsset Building Accounts – $1 for $1 match saving

accounts for education, business or homeownership

Capital Partners – Comprehensive program that offers loans, business training and education, group support, and networking opportunities to entrepreneurs and business owners with limited access to working capital

Business Lending – Loans starting from $5,000 to $250,000

Relationship-Building | CBO In order to foster successful community

collaboration between the agent and CBOs, partnering organizations must understand the value of the service being provided.

Leverage Factor In order to foster successful community

collaboration between the agent and CBOs, partnering organizations must understand the value of the service being provided.

Strong referrals + satisfactory experience = reinforces trust

Leverage Factor In order to foster successful community

collaboration between the agent and CBOs, partnering organizations must understand the value of the service being provided.

Why are you Why are you paying people to paying people to

save?save?

Outcomes

• Promote the HABIT of Savings• Help Families Increase or Establish an Emergency Fund

• Establish banking relationship with individuals and families who are out of the financial mainstream

Account Description

• Choose from 3 different savings accounts• Save monthly

• Interest Subsidy of 18-23% APY – TAX FREE!– Quarterly Interest Subsidy Deposits for 12 months– Quarterly Deposits earned are Yours to Keep– You can withdraw at any time– No fees, no penalties for early withdrawal