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The mission of your FinTech partner can make or break community lending success. Discover why sharing values leads to better outcomes for local lenders and your communities. https://lnkd.in/e8m3EhqF

The gap between Gen Z and traditional financial institutions is wide - both sides don’t know how to communicate with each other. But Frich does! Our CEO & co-founder, Katrin Kaurov, was featured in The Fintech Times to talk about the highs and lows of the fintech industry, and the problems that Frich is solving for Gen Z. From breaking down financial taboos to providing real, authentic insights into how peers manage money, Frich is here to take the fear out of the word ‘money’. Whether it's managing student loans or budgeting for groceries, our community of over 350,000 Gen Z users is proof that financial empowerment starts with knowledge and transparency. Check out the article linked in the comments to find out more :rocket:

Earn passive income, support your community, and make a real impact as a lender. With flexible and low-risk opportunities, you can help others reach their goals while growing your own wealth. Let your money work for you! #LendSmart #CommunityGrowth #PassiveIncome

After a two week break, I just published my latest article covering the Community Reinvestment Act Dive into how this pivotal legislation, and the recently released Final Rule, has shaped community banking and continues to foster financial inclusion + learn more about some great tech companies that help community banks meet their CRA mandates (shout out CNote, Column Tax, Payitoff, and Ned!) Full article here 👉 https://lnkd.in/ejKdKayN And as always, feel free to add any questions or thoughts in the comments! cc: BankTech Ventures #CommunityBanking #FinancialInclusion #CommunityReinvestmentAct

Community Development Financial Institutions (CDFIs): Access loans and investments from organizations supporting underserved communities. Community Development Financial Institutions (CDFIs) play a crucial role in fostering economic growth and opportunity in underserved communities. These specialized financial institutions are dedicated to providing affordable credit, capital, and financial services to low-income, minority, and disadvantaged populations who may not have access to traditional banking services. One of the key benefits of CDFIs is their ability to provide loans and investments to individuals and businesses that may not qualify for financing from traditional banks. This includes small businesses, affordable housing developers, and community facilities like schools and healthcare centers. By supporting these initiatives, CDFIs help create jobs, improve access to essential services, and stimulate economic development in underserved areas. CDFIs are funded through a variety of sources, including grants from government agencies, private foundations, and individual investors. They also raise capital through deposits, investments, and loan repayments. This diverse funding model allows CDFIs to leverage their resources and maximize their impact in communities that need it most. In addition to providing financial support, CDFIs often offer technical assistance and training programs to help borrowers build their financial literacy and business management skills. This holistic approach helps ensure the long-term success of their investments and contributes to the overall vitality of the communities they serve. Overall, CDFIs play a vital role in promoting economic equity and empowerment by providing access to capital and financial services in underserved communities. Their work helps create a more inclusive and prosperous society for all. https://lnkd.in/ef4w_dV4  Need Capital For Your Business? Preferred SBA Financing And Conventional Business Loans. $250,000 To $15 Million Loan Sizes.

*Wealth Tip of the Week* 📝 Family Bank The average American will pay over $250,000 in interest over their lifetime. Instead of Banks and lending institutions profiting on this interest, how open-minded would you be to consider that YOUR Family Bank could make that $250,000? ✅. After initially funding a Family Bank, it then provides loans to family members for various purposes, such as education, business ventures, or down payments on car or home purchase 📚🏠. As the Family Bank facilitates internal lending within the family, it earns interest on these loans, fostering a self-sustaining financial ecosystem. 💰✨ Redirect profits from banks and institutions into your own Wealth-building Family Bank. #AEinvestments #WealthMindset #WealthBuilding

Do you have Devon Connect? It's easy-peasy. Make deposits, pay bills, transfer funds, and more, all from the comfort of your home. Why wait in line? #DevonBank #Community #BankWithUs #BankWithoutBorders #Glenview #Wheeling

Hey there! If you're looking for some extra cash to spruce up your home or tackle those pesky debts, I've got just the thing for you - a home equity line of credit, also known as a HELOC! It's a great way to access the money you need by using the equity in your home. Give me a call and let's chat about how I can help you out! 😊🏡💸 #HELOC #HomeImprovement #DebtFree #MoneyMatters

Nearly 6 out of 10 Americans are uncomfortable with their level of emergency savings, according to Bankrate. Forbes recently highlighted Let's Get Set, a fintech startup empowering low- and moderate-income households to build a more financially healthy future. Based on extensive user research, Let's Get Set found that access to emergency savings is a key piece of the puzzle for families – and created an innovative savings account that allows borrowers to access emergency funds without slipping into debt. Let's Get Set (VilCap alum) built a platform that helps everyday people navigate the tax filing process to claim tax credits they might be unaware they are eligible for. The company continues to scale its impact to meet families’ needs, like allowing users to borrow from savings accounts with a more reasonable interest rate than normal bank institutions. Read the full piece in Forbes: https://lnkd.in/gucXuU5y

Facing financial difficulties can feel overwhelming, and bankruptcy might seem like the only way out. However, with the right support and guidance from certified, nonprofit credit counselors on the CredEvolv platform, there's a path to financial stability and peace of mind. 🌟 I encourage you to share our latest blog with anyone who might be struggling financially. It outlines essential steps to take if bankruptcy feels imminent and offers strategies to potentially avoid it. Let's help each other achieve a brighter financial future!