Nonprofit lender Community First Fund has changed its name to Finanta.
The name is that of a Philadelphia-based financial nonprofit with which Community First Fund merged in 2020. It is a “consumer-friendly” variation on the word “finance” and will be easier for customers to remember, the organization said in a FAQ.
Along with the rebranding, Finanta is changing its website to www.finanta.org and that of its affiliated Community First Fund Credit Union, now Finanta Credit Union, to www.finantacreditunion.com.
The products and services offered by Finanta and its credit union remain unchanged, it said.
Finanta is a community development finance institution, a type of nonprofit lender designed to serve disadvantaged communities and demographics. Its footprint is a 20-county region in south-central and southeast Pennsylvania, northern New Jersey and Delaware.
Formerly based in Lancaster, it is now headquartered in Philadelphia. Besides those two cities, it has offices in Allentown, Harrisburg, Reading and York.
As of fiscal 2024, it had $241.8 million in capital under management, including $75 million in federal New Markets Tax Credits.
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