Registration Guidelines
What organizations may register?
Any nonprofit registered in Guidestar and in good standing. Nonprofits must go here to register.
Financial institutions, subject to the following restrictions. They must have one of the federal designations:
1. Minority Depository Institutions (MDIs),
2. Not-for-profit credit union
3. Community Development Financial Institutions (CDFIs) or
4. Low Income Designated (LID)
Financial institutions must have documentation that they have a mission of community service, are accountable to their community and serve challenged communities, marginalized populations, and/or people experiencing moderate to low incomes.
The Opportunity Finder is trying not to marginalize further people already financially excluded. Each listing is by product, not by institution. The financial institution will appear based on a search specific to the help the user needs. As a result, there are product specification standards.
Standards
LOAN CRITERIA: Each product you register must underwrite nonprime credit at (or) below 640 FICO. Max APR 18% w/ fees except for "Payday Loan Alternatives," which must meet NCUA PAL standards.
PRODUCT SPECIFIC: Auto Refinances: Must approve above 100% LTV to help consumers with upside-down values. Mortgages: Must be inclusive with features like either DPA, technical assistance or alternative credit scoring. Business loans: Must include start-ups (personal loans for business purposes) or technical start-up assistance. Checking Accounts: Must include second chance or prepaid debit, ability to turn off ODP, and ODP must not exceed $20.
IMPORTANT NOTE: Any institution with significant or repeat fines from the CFPB will be denied registration.