“The Inclusiv Southern Equity Fund is designed to promote economic mobility among low wealth and underserved communities, preserve and build diversity in community-owned and controlled financial services, and increase the impact of scalable institutions throughout the American South,” Kim said.įreedom First President and CEO Paul Phillips said with funding from Inclusiv, “We are able to help more hard-working people overcome barriers and realize the dream of homeownership. “Financial exclusion has been a persistent problem in the South, particularly for communities of color,” said Director of Inclusiv/Capital Cathi Kim. Nearby Freedom First Credit Union locations: PREVIOUS. “Not only does the program offer potential homebuyers a non-conforming conventional mortgage, but a dedicated mortgage officer works with applicants, for years in some cases, to improve their credit through Impact Banking products and provides financial coaching to prepare them for responsible homeownership,” said Freedom First. Find out if you are eligible to join Freedom First Credit Union. The program strives to help potential home buyers “of modest means overcome conventional mortgage qualifying hurdles so they have a chance to become a homeowner,” according to a statement from Freedom First. Originally chartered in 1922 as the Western Massachusetts Telephone Workers Credit Union and renamed in 2004, Freedom Credit Union is an 11-branch, full-service financial institution. If none of your preferred times are available, we will contact you to find a time that works.
(WFXR) - Freedom First Credit Union has received a $5 million secondary capital investment from the Inclusiv Southern Equity Fund to boost its affordable housing program. Please Select Morning (between 9am-12pm) Afternoon (between 12pm-4pm) Appointments are filled on a first-come-first-serve basis.
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