Your donations and social investments (below-market rate CDs) go a long way in our community! Opportunities Inc. develops funding sources so Opportunities Credit Union can provide affordable loans to Vermonters. From minority-owned business loans to assistive device loans, we make our communities stronger.
Opportunities Credit Union creates wealth and promotes economic development by bringing affordable capital and financial services to low-income and other traditionally underserved populations.
We focus on 6 Key Areas of Need. Here is our 2023 Impact.
Addressing the Financial Needs of Low-Income Vermonters
Grew our loan portfolio to a point where 71.7% of our loans are to low-income Vermonters and 39% are to individuals with poor credit histories.
Eased burdens and promoted financial stability with 96 loans designated for debt consolidation or refinancing.
Spearheaded financial independence by opening 42 accounts for individuals with no other banking options.
Brightened financial horizons by granting 126 credit-building loans.
Fostered financial literacy and health by counseling 546 individuals through our Money Sense Program.
Making Housing More Affordable and Attainable
Accelerated the journey toward homeownership by obtaining 22 downpayment grants for over $1.1 Million for Vermonters with dreams of an affordable home.
Put keys into the hands of 18 first time home buyers and 35 low-income Vermonters.
Building a Financial Home for New Americans
Provided stability to Immigrants and Refugees with 60 loans totaling over
$8 Million including $7 Million for housing.
Removing Barriers for BIPOC Vermonters
Supported the dreams of people from all backgrounds with 25% of our loans going to BIPOC Vermonters.
Championed diversity by providing 15 small business loans to minority-owned enterprises.
Driving the Growth of Small Business
Backed entrepreneurial ventures with over $2 Million in small business loans that ignited 33 new job opportunities.
Removing Barriers for Disabled Vermonters
Provided $1.6 Million in loans to disabled Vermonters for equipment and modified vehicles that improved their access and independence.