Industry: Financial Services
Mission: A community development lender that finances impactful projects to benefit underserved communities in the American Southwest. They are helping to bridge the gap between conventional lending standards and the needs of low-income and distressed communities. Have financed over 1,800 community projects that retain more than 16,500 jobs and benefit over 1.9 million individuals.
What 3 words best describe your company culture?
Family-Oriented, Purpose-Driven, Innovative
What quote best exemplifies your company?
“At Clearinghouse CDFI, we believe in people. We are bound by the core value that individuals in low-income, distressed communities deserve access to affordable capital. The resulting economic opportunity provides both a greater quality of life and hope for future generations.”
How is your product or service having a positive social and/or environmental impact?
Clearinghouse CDFI finances projects that create jobs and services to help people work, live, dream, grow, and thrive in healthy communities. We are also a Benefit Corporation (B Corp)—a company that meets rigorous standards of social and environmental performance, transparency, and accountability, and uses business as a force for good. Since inception in 1996, we have funded $1.9 billion in total loans for over 1,900 projects promoting community and economic development. These projects have created or retained 21,500 jobs and benefit over 1.9 million individuals.
What is your company’s vision for the future?
Since inception, the belief that making a difference is equally as important as making a profit has defined Clearinghouse CDFI as a company. This core value has cemented our reputation as a unique and caring financial institution and continues to help us raise equity capital from investors at a rate that is unprecedented in this industry. Today, with two decades of profitability and over $590 million in total assets, we remain one of the strongest and fasting growing CDFIs in the nation. Through all of our growth and geographic expansion, we hold strongly to the notion that the most important asset we have is our reputation.