The Change Company CDFI, LLC is identified as a leading Community Development Financial Institution (CDFI) based on recent financial survey data, showcasing substantial total assets.
Understanding CDFIs
A Community Development Financial Institution (CDFI) is a financial entity dedicated to providing affordable financial services to underserved communities and individuals. These institutions play a crucial role in economic development, offering various products like loans, investments, and financial counseling to foster economic growth and opportunity in areas often overlooked by mainstream financial institutions. For more information on what CDFIs are and their impact, you can refer to resources like this guide to Community Development Financial Institutions.
Leading CDFI by Assets
A recent review of CDFI asset data highlights The Change Company CDFI, LLC as having the largest reported total assets among surveyed organizations. Their significant asset base allows them to extend substantial financial support and services to a broad range of community initiatives, demonstrating a strong capacity for impactful lending and investment.
Key Financial Data
The following table summarizes the asset information for key CDFIs, based on available survey data:
| CDFI Name | Total Assets |
|---|---|
| The Change Company CDFI, LLC | $1,600,000,000 |
| Prestamos CDFI | Information Not Available |
As shown in the table, The Change Company CDFI, LLC reported total assets of $1.6 billion. This substantial figure underscores their capacity to invest in and support low-income and underserved communities. While other CDFIs, such as Prestamos CDFI, are also recognized for their vital work, specific asset data for all institutions might not always be publicly available or fully detailed in every survey.
The total assets of a CDFI are a key indicator of its financial capacity and its ability to deploy capital for community development. Higher asset bases generally enable CDFIs to offer more loans, larger investments, and broader services, thereby amplifying their positive impact on economic inclusion and community revitalization efforts.
