cdfis

Shining a light on an impact investing niche

A new web portal has been launched that offers investors a clearer entry into the world of community development finance institutions (CDFIs.)

CDFIs comprise a niche inside the impact investing realm, usually consisting of unregulated loan funds devoted to funding local businesses and non-profits. While there is growing interest in these entities, whose funded programs can range from solar power for affordable housing to financial services for immigrants, they operate mostly under the radar of analysts and can be a baffling market to assess.

To help investors explore the hundreds of funds that operate in the niche, the rating service formerly known as the CDFI Assessment and Rating System (CARS) this week rebranded itself and launched Aeris Cloud, an online portal that offers data and analytics on the financial performance and social impact of these community investments. Among other things, the portal includes a “CDFI Selector” that enables investors to search by impact area (women, food, healthcare, etc.) as well as various tools to compare CDFIs with one another.


To read the rest of the story, go here:
www.fa-mag.com/news/shining-a-light-on-an-impact-investing-niche-18284.html

For more info on Aeris (formerly CARS), see my prior story here:
www.fa-mag.com/news/a-go-to-place-where-advisors-can-evaluate-nonprofit-loan-fund-12679.html

In honor of wrapping up my amazing summer internship at Community First Fund yesterday, I wanted to say thank you to all of the staff and borrowers I interviewed over the past 11 weeks. I learned so much through this whole experience, but I especially learned that one person, one organization can have a huge impact on the communities around them. #dsonintern #bowtieintern #CDFI #communityfirstfund #socialjustice (at Community First Fund)

The Foundation for Louisiana is seeking a Community Investment Fund Manager for its Louisiana Community Investment Fund. The position would be based in New Orleans and Baton Rouge.  While not a CDFI, the fund is mission-driven.

Please let me know if you have any questions about the posting.

Tim O'Shea
oshea.tj@gmail.com
Chief of Staff, Carver Federal Savings Bank

===========================================================================================

Position Overview:

The Community Investment Fund Manager provides leadership to both the Foundation for Louisiana’s Community Investment Loan Fund while also serving as the coordinator of the One Table pilot initiative in New Orleans. This is a high responsibility position with significant autonomy and a high level of coordination between various partners and individuals involved in both community development lending and redevelopment. This full-time position reports to the Director of Programs and can be located in Baton Rouge or New Orleans.

Background:

Foundation for Louisiana (FFL) was originally established as the Louisiana Disaster Recovery Foundation (LDRF) in 2005 – just days after Hurricane Katrina struck Louisiana – to assist with the immediate disaster relief and recovery efforts and to help the thousands of displaced families return to their communities. In 2011, the foundation strategically transitioned to the Foundation for Louisiana - reflecting a new vision and set of strategies to address issues of social and economic inequity that affect Louisiana’s most vulnerable communities and people. The Foundation aims to invest in people and practices that work to reduce vulnerability and build stronger more sustainable communities statewide. FFL’s work is grounded in a commitment for building strong partnerships across sectors and increasing equitable outcomes.

One of FFL’s new partnerships is with the One Table, a coordinated funding mechanism that seeks to enhance the ability to attract and deploy capital effectively and efficiently to advance community development initiatives within the urban core of New Orleans that expand opportunities for low-and middle-income families and revitalize underserved communities. The One Table concept grew out of a series of focus groups and discussions convened in New Orleans in 2014 with support from Living Cities and the Ford Foundation. Stakeholders involved in the discussions reached consensus on the One Table goals, and with seed funding provided by the Ford Foundation, FFL is seeking to add to its staff a qualified individual who can both manage the foundation’s growing loan portfolio while helping to launch the One Table pilot initiative in 2015.

Responsibilities:
The Community Investment Fund Manager provides analysis of individual loan and combined loan portfolio performance, including loan fund cash flow projections, tracking current repayments and disbursements, long term projection of disbursements and repayments, assessing risk and assigning risk ratings, and preparing management level reports and analysis.

This position works closely with the CEO and CFO to prepare board reports, funder and investor reports, and management information. Competitive candidates must have demonstrated abilities in management information systems, including loan servicing software, generating and preparing MS Excel analysis that is not possible within the data base environment. S/he will also be responsible for the coordination of the One Table pilot initiative – a new, streamlined and collaborative process for assembling financing for high priority, high impact community development projects in New Orleans. In this capacity, s/he works closely with the One Table steering committee, comprising representatives from the public sector, philanthropy, financial intermediaries and developer intermediaries actively engaged in community development in New Orleans, and interacts directly with developers of proposed housing and community development projects applying for financing through the One Table process.

Essential Job Functions (FFL Loan Fund):

-Manage FFL’s lending activity including the processing of loan applications from borrowers, conducting review and underwriting for loans and making recommendations to leadership staff, loan advisory committee and Board of Directors.
-Communicating with applicants and borrowers throughout the application review process and understanding both the financial and social impact benefits of each project and FFL’s role as an investment partner.
-Assist with loan administration pre- and post-closing including, assist with loan document preparation and execution, and document requests. Work with loan officers and support staff on loan file document preparation, loan file maintenance.
-Utilize reporting tools to prepare loan fund cash flow analysis and projections, conduct loan fund performance analysis, prepare management dashboard reports, and individual loan and portfolio risk rating analysis.
-Monitor day to day lending activities to inform management of business cycles, loan demand, product demand, trends, historical performance and future scenarios to inform management and marketing.
-Work with the CFO to ensure seamless integration of lending data, accounting, financial analysis and management reporting. Reconcile internal financial information between various data sources to maintain data integrity and accuracy.
-Work with FFL staff and loan investment advisory committee to create and design new loan products that to meet new market needs and demands.
-Plan and conduct focus group meetings to solicit feedback on One Table design (developers, residents, public officials).
-Create all necessary materials and reports related to the One Table process, including but not limited to funder Memorandum of Understanding, Requests For Proposals, application forms, project budget template, scoring criteria, project summary form for distribution to participating funders and project pipeline report.
-Participate and become well-versed in recent and ongoing efforts to identify needs and set priorities for new investment, including the Housing NOLA planning process, Livable Claiborne Communities, and Prosperity NOLA.
-Keep up to date on notices of funding availability and requests for proposals related to housing and community development issued by City of New Orleans, Housing Authority of New Orleans, New Orleans Redevelopment Authority, Louisiana Housing Corporation, and other public agencies as relevant.
-Identify capacity needs across sectors; identify existing resources for capacity building; direct developers to capacity building resources as appropriate.
-Create and maintain an up to date project pipeline.
-Perform preliminary project and developer underwriting to determine suitability for One Table participation, readiness to proceed and to identify financing and capacity needs and opportunities.
-Convene participating funders and investors, create and provide meeting materials (including project summaries) in advance of One Table meetings, coordinate follow-up to One Table meetings.
-Develop quantitative and qualitative measures for determining progress towards meeting One Table goals.
-Assess progress of One Table in the context of the Capital Absorption Framework.
-Maintain relationships with funder and investor partners including the preparation of requests for funding support and progress reports.

Qualifications
-Personal maturity, emotional intelligence, strong work ethic, task oriented, highly responsive to the day to day needs of the organization, ability to work effectively with a range of personnel, including the CEO, the management team, other professional staff.
-Minimum of five years’ experience in banking and finance, real estate, real estate development or relevant field.
-Undergraduate degree is required. Master’s degree in business, economics, urban planning or real estate is strongly desired.
-Knowledge of and experience in the underwriting process for various affordable housing and community development finance programs.
-Experience in the low-income / affordable housing sector and knowledge of nonprofit organizations is desired.
-Extensive knowledge of real estate transactions, federal, state and local affordable housing and community development programs and products is highly desired.
-A high degree of comfort with an iterative analytical process, including extensive feedback, ongoing collaboration and input from peers, extensive scenario planning & business planning.
-Strong analytical skills, organizational skills, operational skills, problem solving capabilities.
-Ability to organize multi-faceted & diverse assignments, manage multiple priorities and projects simultaneously.
-Comfortable with team work and collaborative work products and interest in work process and work product critiques.
-A desire to work as part of a team in a collegial and collaborative environment.
-High energy, flexibility and drive to work in an entrepreneurial organization. High tolerance for ambiguity, changing demands, and multiple priorities.
-Passion for affordable housing, community development, social justice.

Compensation:

This position offers a competitive salary commensurate of work experience and qualifications. Foundation for Louisiana offers full-time employees a comprehensive benefit package that includes paid vacation, sick leave, retirement plan contributions, flex work schedule, and medical coverage.

To Apply:

Please submit a resume along with a cover letter including a statement about your personal interest in community development financing and relevant experience(s) to: mnunez@foundationforlouisiana.org no later than Sept. 7, 2015. No phone calls please.

Foundation for Louisiana follows an equal opportunity employment policy and employs personnel without regard to race, creed, color, ethnicity, national origin, religion, sex, sexual orientation, gender expression, age, physical or mental ability, veteran status, military obligations, and marital status.

This policy also applies to internal promotions, training, opportunities for advancement, terminations, outside vendors, members and customers, service clients, use of contractors and consultants, grantees, board members and dealings with the general public.

For more information about Foundation for Louisiana visit our website at: www.foundationforlouisiana.org

financialjuneteenth.com
Out of $3.5 billion given for community development, not one black bank was awarded – Financial Juneteenth

Banks owned by minorities are claiming that the federal government has blocked them out of tax credits that were intended to support economic development in neglected and underserved communities. They are raising their protests in the face of the distribution of funds by the Community Development Financial Institutions (CDFI) – an arm of the Treasury Department.

Down DDA 14.26 (DJIA VOLATILITY INDEX - OFFER S) ProShares Expands Largest Lineup of Leveraged and Inverse ETFs

“The Dow Jones U.S. Select Home Construction … Production Select Industry Index is equally weighted and includes domestic companies from the oil and gas exploration and production sub-industry. ProShares offers the nation’s largest lineup of alternative . …” said Sharice to Val on Friday, August 28, 2015.

“My dear Miss Val,” said Sharice, “have you heard that SSCM went up to 7142.27?”

“Schwab 1000 Index.”

Val replied that she had not.

“But it did,” said Sharice. “Century Housing Announces $100 Million Multi-Bank Syndicated Credit Facility to Finance Affordable Housing in California Aug. 25, 2015 /PRNewswire-USNewswire/ – Century Housing, a leading Community Development Financial Institution (CDFI), announced today that it closed a $100 million syndicated credit facility with Chase as agent and lead lender, and Charles Schwab Bank ..”

Val, with her usual reserve, made no answer.

Clearinghouse CDFI Announces Class A Shareholder Equity Investment from Farmers & Merchants Bank

LAKE FOREST, Calif., Aug. 27, 2015 (GLOBE NEWSWIRE) – via PRWEB - Clearinghouse Community Development Financial Institution (CDFI) announced today a $250,000 Class A equity investment from Farmers & Merchants Bank (F&M). This most recent investment by F&M positions it as Clearinghouse CDFI’s sixth largest Class A Shareholder and brings Clearinghouse CDFI’s total equity to over $44 million. It will allow Clearinghouse CDFI to continue its mission of serving low-income communities in underserved areas.

“We thank Farmers & Merchants Bank for their continued support for Clearinghouse CDFI, including this most recent investment,” said Douglas Bystry, President and CEO of Clearinghouse CDFI. “F&M’s support over the years, which includes serving on many of our Boards and Committees, has helped Clearinghouse CDFI achieve its mission benefiting distressed communities. We look forward to continuing our longstanding partnership.”

Clearinghouse CDFI will leverage the $250,000 investment to finance community facilities, affordable housing projects, commercial real estate, and small businesses. Clearinghouse CDFI has been an industry leader for over 19 years and is rated ‘AA’ Stable by Standard & Poor’s Ratings Services. Clearinghouse CDFI has issued $1.1 billion in total loans which have created or retained more than 12,100 jobs and benefit over 998,925 individuals. Clearinghouse CDFI loans have developed or rehabilitated 10 million square feet of community-based real estate and constructed thousands of affordable housing units.

“Farmers & Merchants Bank is proud to support Clearinghouse CDFI and their mission of bringing impactful change to distressed communities,” said W. Henry Walker, President of Farmers & Merchants Bank.

ABOUT CLEARINGHOUSE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI)

Clearinghouse CDFI addresses unmet credit needs in California, Nevada, Arizona, New Mexico, and Sovereign Nations in the Western United States. Clearinghouse CDFI bridges the financing gap between conventional lending standards and the needs of low-income and distressed communities. Clearinghouse CDFI is also a B Corp–a certification received from the nonprofit B Lab. B Corps are companies who meet rigorous standards of social and environmental performance, transparency, and accountability, and use business as a force for good. Today, Clearinghouse CDFI has over $232 million in assets. More information is available at: http://www.clearinghousecdfi.com.

ABOUT FARMERS & MERCHANTS BANK

Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank has 24 branches across Orange County, Long Beach and the South Bay. The Bank specializes in commercial and small business banking, business loan programs, home loans, and a robust offering of consumer retail banking products including checking, savings and youth accounts. Farmers & Merchants Bank is a California state chartered bank with deposits insured by the Federal Deposit Insurance Corporation (Member FDIC) and an Equal Housing Lender. For more information about F&M, please visit http://www.fmb.com.

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2015/08/prweb12921156.htm

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Raven sells MU 14.42: Micron Tech's stock drops to near two-year low after analyst downgrade

“Micron Technology Inc.’s stock (NASDAQ:MU) dropped 5.4% in active midday trade Thursday, putting it on course to close at the lowest level since Sept. 3, 2013, after Robert W. Baird & Co. downgraded the semiconductor company on concerns over industry …” said Marvel to Laronda on Thursday, August 27, 2015.

“My dear Miss Laronda,” said Marvel, “have you heard that SSCM went up to 7142.27?”

“Schwab 1000 Index.”

Laronda replied that she had not.

“But it did,” said Marvel. “Century Housing Announces $100 Million Multi-Bank Syndicated Credit Facility to Finance Affordable Housing in California Aug. 25, 2015 /PRNewswire-USNewswire/ – Century Housing, a leading Community Development Financial Institution (CDFI), announced today that it closed a $100 million syndicated credit facility with Chase as agent and lead lender, and Charles Schwab Bank ..”

Laronda, with perfect unconcern, made no answer.

Mortgage Loan Officer position, Modesto, CA

Self-Help Federal Credit Union (SHFCU) is a CDFI dedicated to outreach and community development through providing financial services to low-wealth and other traditionally underserved communities.  Chartered in 2008, we have 20 branches throughout California and three in Chicago, serving over 70,000 people, and have provided over $5.6 billion in financing to help more than 64,000 low-wealth borrowers buy homes, start and build businesses.



As part of the larger Self-Help family of organizations, we are committed to helping and encouraging financial stability for the people who need it most, by offering responsible and transparent savings and transaction accounts, along with a full suite of lending products (small-dollar, citizenship, unsecured consumer, auto, and mortgage loans). For more information about our specific products and services, please visit our website at www.self-helpfcu.org.



Mortgage Loan Officer

Full-time, exempt

Modesto, CA

We are seeking a Mortgage Loan Officer to work with our Mortgage team under the direction of our Mortgage Team Manager.  This is a hands-on role where your efforts have a meaningful impact to the growth goals of the organization.

Responsibilities:

 *   Help working class and underserved individuals and families achieve their homeownership goals in alignment with Credit Union mission and objectives.
 *   Build a strong presence and business opportunities in the area, establish strong community relationships.
 *   Attract and counsel mortgage loan applicants.
 *   Approve or deny pre-qualifications.
 *   Meet lending growth objectives, cross-sell Credit Union consumer loan and membership products and services.
 *   Travel to local branches and businesses to meet with potential borrowers realtors, community leaders, etc., and work with branch staff.
 *   Other duties as assigned.

Requirements:

 *   Sensitivity to the social, economic and cultural needs of a diverse community including people of color and immigrants.
 *   3-5 years of experience working as a mortgage loan officer in a financial institution, preferably a credit union.
 *   Proven ability to develop new mortgage lending business and expand existing relationships.
 *   Working knowledge of mortgage loans both conforming and non-conforming.
 *   Working knowledge of mortgage related Federal Regulations.
 *   Must be able to be NMLS certified.
 *   Some travel required for business development and training.

*         Fluency in Spanish and English.
Please apply to our Human Resources Department:
Interested individuals please send a resume and cover letter to cahiringmanager@self-helpfcu.org and reference this job, “Mortgage Loan Officer” in the subject line of your message.

Compensation:
Competitive salary, based on experience, plus a generous benefits package that includes health, dental, life insurance, flexible spending plan, retirement plan, paid parental leave, and domestic partners policy.

We are an equal opportunity employer:
Self-Help is committed to providing equal employment opportunities to all persons regardless of race, color, class, age, religion, disability that can be accommodated, marital status (including domestic partner status), ancestry, nationality, national origin, religion (and lack thereof), family status, sex (including pregnancy, childbirth, and related medical conditions), other medical condition and/or disability: physical or mental, AIDS/HIV status, genetic information, sexual identity, gender identification (including transgender status), sexual orientation, political activities or affiliations, and veteran status.

Excelsior Growth Fund lanza su plataforma de préstamos en línea

Excelsior Growth Fund (EGF), Institución Financiera para el Desarrollo Comunitario (CDFI) sin fines de lucro formada por la New York Business Development Corporation (NYBDC) con el propósito de responder a las necesidades de los mercados insuficientemente atendidos y de implementar programas específicos para las necesidades de los propietarios de pequeñas empresas de bajos ingresos o insuficientemente atendidos en algún otro aspecto, ha creado una plataforma de préstamos en línea para los propietarios de pequeñas empresas.

Diseñada por Mirador, socio de EGF, la plataforma ha sido personalizada según los criterios crediticios de Excelsior y todo el proceso de aplicación se completa por Internet. Los interesados pueden obtener una primera aprobación de requisitos en minutos y, en caso de ser elegibles, pueden completar la solicitud del préstamo en línea. Las solicitudes enviadas pueden ser aprobadas en un día hábil y los préstamos se pueden cerrar en una semana. La nueva aplicación de préstamos en línea será especialmente atractiva para las pequeñas empresas que prefieren tener acceso rápido al capital, pero con pagos reducidos y términos y condiciones más flexibles que los ofrecidos por la mayoría de las alternativas.

«Los propietarios de pequeñas empresas que cumplan los requisitos ahora pueden solicitar capital en cualquier momento, todos los días del año. Como Institución Financiera para el Desarrollo Comunitario, nuestra misión es respaldar a las empresas de la comunidad y proporcionar capital en forma rápida y mediante condiciones atractivas —dijo Steve Cohen, presidente de Excelsior Growth Fund—. Esta nueva plataforma de préstamos en línea, en combinación con el conjunto cada vez más amplio de servicios de asesoramiento que presta EGF, hará posible que estas empresas reciban el capital que necesitan para generar nuevos puestos de trabajo y hacer crecer sus negocios».

«Las pequeñas empresas, en especial las que son rechazadas por los prestamistas tradicionales, son presa fácil de los prestamistas lucrativos, pero al mismo tiempo representan el futuro de nuestra economía. Debemos establecer nuestros límites; como prestamistas con una misión clara, debemos tomar parte en esta lucha y evitar que las pequeñas empresas caigan en las garras de estos depredadores antes de que sea demasiado tarde —comentó Mark Pinsky, presidente y director ejecutivo de Opportunity Finance Network, red líder a nivel nacional de instituciones financieras privadas que actúan como CDFI—. OFN celebra los esfuerzos de Excelsior Growth Fund para lanzar esta nueva plataforma en Internet, exclusiva para préstamos responsables».

«Hoy en día, los préstamos en línea pueden resultar una propuesta extremadamente cara. Mientras los prestamistas en línea ofrecen un servicio altamente práctico para los propietarios de pequeñas empresas, nosotros nos dedicamos a educar a los negocios de la comunidad acerca de la manera de adquirir los mejores productos —explicó Jim King, director del Centro de Desarrollo Empresarial del estado de Nueva York (NYSSBDC, por sus siglas en inglés)—. Contar con una plataforma rápida y razonable en línea de la mano de una organización fiable como Excelsior Growth Fund será una opción crediticia realmente responsable para nuestros clientes». NYSSBDC proporciona servicios de gestión y asesoramiento técnico a emprendimientos nuevos y empresas ya establecidas de todo el estado. NYSSBDC es administrado por la Universidad Estatal de Nueva York, y recibe financiamiento de la Administración de Pequeñas Empresas de los Estados Unidos, el estado de Nueva York y otros complejos educativos auspiciantes.

Las entidades financieras y privadas que trabajan en colaboración con EGF también pueden mejorar los servicios que les ofrecen a sus clientes brindándoles acceso a otras soluciones de financiamiento para pequeñas empresas que no cumplen los requisitos establecidos por los prestamistas tradicionales. Nuestros socios podrán ofrecerles a sus clientes un acceso personalizado y enlaces al portal.

«La industria está cambiando —dijo Cohen—. Cada vez son más las empresas que buscan un acceso rápido a capital en línea, y esta plataforma innovadora ofrece una opción asequible, fiable, segura y práctica para las distintas pequeñas empresas de todo el estado de Nueva York».

Acerca de Excelsior Growth Fund

Excelsior Growth Fund (EGF) fomenta el desarrollo económico y la creación de puestos de trabajo en el estado de Nueva York mediante el ofrecimiento de préstamos sencillos para pequeñas empresas y servicios de asesoramiento en materia empresarial. EGF es una entidad comunitaria sin fines de lucro, clasificada bajo la categoría 501©(3) según el Régimen Tributario Interno de los Estados Unidos (IRC, por sus siglas en inglés); y cuenta con la certificación de Institución Financiera para el Desarrollo Comunitario (CDFI) del Departamento del Tesoro de los Estados Unidos. La misión de Excelsior Growth Fund es ayudar a que las empresas crezcan. EGF proporciona soluciones financieras innovadoras y servicios de asesoramiento en materia empresarial a las pequeñas empresas y los mercados insuficientemente atendidos del estado de Nueva York. El producto de la marca EGF SmartLoan™ está disponible a través de un portal de Internet seguro. La cantidad máxima de préstamo es de U$S 100.000.

Excelsior Growth Fund es una filial de New York Business Development Corporation (NYBDC). Puede consultar más información sobre NYBDC en www.NYBDC.com. Para consultar más información sobre EGF, puede visitar www.excelsiorgrowthfund.org.

El texto original en el idioma fuente de este comunicado es la versión oficial autorizada. Las traducciones solo se suministran como adaptación y deben cotejarse con el texto en el idioma fuente, que es la única versión del texto que tendrá un efecto legal.
Vea la versión original en businesswire.com: http://www.businesswire.com/news/home/20150825006370/es/

Branch Manager position, Porterville, CA

Self-Help Federal Credit Union (SHFCU) is a CDFI dedicated to outreach and community development through providing financial services to low-wealth and other traditionally underserved communities.  Chartered in 2008, we have 20 branches throughout California and three in Chicago, serving over 70,000 people, and have provided over $5.6 billion in financing to help more than 64,000 low-wealth borrowers buy homes, start and build businesses.

As part of the larger Self-Help family of organizations, we are committed to helping and encouraging financial stability for the people who need it most, by offering responsible and transparent savings and transaction accounts, along with a full suite of lending products (small-dollar, citizenship, unsecured consumer, auto, and mortgage loans). For more information about our specific products and services, please visit our website at www.self-helpfcu.org<http://www.self-helpfcu.org>.
Self-Help Federal Credit Union (SHFCU), a non-profit community development financial institution, is looking for a strong leader to help manage our Porterville branch. This is an opportunity for an experienced manager to join a national leader in community development finance, to help continue the expansion of its impact serving low-income and otherwise underserved communities.



Branch Manager, Porterville

Self-Help Federal Credit Union (SHFCU), a non-profit community development financial institution, is looking for a strong leader to help manage our Porterville branch. This is an opportunity for an experienced manager to join a national leader in community development finance, to help continue the expansion of its impact serving low-income and otherwise underserved communities.

The Branch Manager will assume overall responsibility for driving SHFCU’s successful service to residents of Porterville and surrounding areas.

Responsibilities Include:

*         Helping to establish priorities and goals for the branch

*         Serving as the primary “face” of SHFCU in the community, including appropriate involvement with community organizations

*         Leading branch outreach and business development efforts and assisting/coaching other branch staff to contribute effectively

*         Achieving branch goals, including member, deposit and lending growth and other goals as agreed

*         Effectively hiring and managing branch staff, with a focus on staff training and development

*         Ensuring adherence to operating policies and procedures and that branch operations deliver excellent member service

*         Learning all branch operations in order to effectively coach staff and fill in when necessary

*         Generally overseeing branch facilities and equipment

*         Fully understanding and embracing Self-Help’s culture, building and reinforcing it throughout the Porterville operation

*         Perform other duties and projects as assigned


Requirements:

*         Strong commitment to our mission - creating economic opportunity for traditionally underserved communities

*         Strong cultural competency and a preference for working in organizations that values diversity, teamwork and collaboration

*         Demonstrated capacity to successfully lead business activities, build relationships and manage staff


*         8-10+ years of work experience, including 3-5+ years of management/supervisory experience

*         Experience involving customer service, selling, business development and/or operations; banking or credit union experience preferred but not required

*         Prior community development or community service work strongly preferred

*         Strong communication skills - verbal and written

*         Good listening skills

*         Strong computer skills and aptitude, with knowledge of Microsoft Office (Word, Excel, PowerPoint) and banking, credit union or Point of Sale software preferred

*         Bilingual Spanish/English strongly preferred


Compensation:

Competitive salary, based on experience, plus a generous benefits package that includes health, dental, life insurance, flexible spending plan, retirement plan, paid parental leave, and domestic partners policy.


We are an equal opportunity employer:
Self-Help is committed to providing equal employment opportunities to all persons regardless of race, color, class, age, religion, disability that can be accommodated, marital status (including domestic partner status), ancestry, nationality, national origin, religion (and lack thereof), family status, sex (including pregnancy, childbirth, and related medical conditions), other medical condition and/or disability: physical or mental, AIDS/HIV status, genetic information, sexual identity, gender identification (including transgender status), sexual orientation, political activities or affiliations, and veteran status.

Please apply to our Human Resources Department:

Interested individuals please send a resume and cover letter to cahiringmanager@self-helpfcu.org <mailto:cahiringmanager@self-helpfcu.org> with “Branch Manager, Porterville” in the subject line of your message.

Clearinghouse CDFI Announces Class A Shareholder Equity Investment from Pacific Premier Bank

LAKE FOREST, Calif., Aug. 25, 2015 (GLOBE NEWSWIRE) – via PRWEB - Clearinghouse Community Development Financial Institution (CDFI) announced today its partnership with new shareholder Pacific Premier Bank, who recently provided a $500,000 Class A equity investment to finance projects benefiting California’s underserved communities. This investment by Pacific Premier Bank, which brings Clearinghouse CDFI’s total equity to over $44 million, will help Clearinghouse CDFI continue its mission to serve distressed communities throughout the state.

“Clearinghouse CDFI and Pacific Premier Bank share a common goal to finance impactful projects that bring jobs and services to California,” said Douglas Bystry, President and CEO of Clearinghouse CDFI. “This partnership will help Clearinghouse CDFI continue doing exactly that. We are excited to be working with Pacific Premier Bank.”

Clearinghouse CDFI will leverage the $500,000 investment to finance community facilities, affordable housing projects, commercial real estate, and small businesses. Clearinghouse CDFI has been an industry leader for over 19 years and is rated ‘AA’ Stable by Standard & Poor’s Ratings Services. Clearinghouse CDFI has issued $1.1 billion in total loans which have created or retained more than 12,100 jobs and benefit over 998,925 individuals. Clearinghouse CDFI loans have developed or rehabilitated 10 million square feet of community-based real estate and constructed thousands of affordable housing units.

“Clearinghouse CDFI plays a key role in providing financing that positively impacts communities and enriches the lives of individuals,” said Steve Gardner, President and CEO of Pacific Premier Bank. “We could not be more excited to partner with and support their important mission.”

ABOUT CLEARINGHOUSE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI)

Clearinghouse CDFI addresses unmet credit needs in California, Nevada, Arizona, New Mexico, and Sovereign Nations in the Western United States. Clearinghouse CDFI bridges the financing gap between conventional lending standards and the needs of low-income and distressed communities. Clearinghouse CDFI is also a B Corp–a certification received from the nonprofit B Lab. B Corps are companies who meet rigorous standards of social and environmental performance, transparency, and accountability, and use business as a force for good. Today, Clearinghouse CDFI has over $232 million in assets. More information is available at: http://www.clearinghousecdfi.com.

ABOUT PACIFIC PREMIER BANK

Pacific Premier Bank is a business bank primarily focused on serving small and middle market businesses throughout Southern California. Pacific Premier Bank offers a diverse range of lending products including commercial, commercial real estate, construction, residential warehouse and U.S. Small Business Administration loans, as well as specialty banking products for homeowners associations and franchise lending nationwide. Pacific Premier Bank serves its customers through its 16 full-service depository branches in Southern California located in the cities of Corona, Encinitas, Huntington Beach, Irvine, Los Alamitos, Newport Beach, Palm Desert, Palm Springs, Riverside, San Bernardino, San Diego, Seal Beach and Tustin.

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2015/08/prweb12921113.htm

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