Goals & Accomplishments

Through 2016, Community First Fund will work to complete the following six goals identified in the Strategic Plan that provide the structure for growth.

Strategic Development: Become the leader of providing responsible financial products and advisory services for low weath individuals and communities, especially for People of Color and women.

Impact: Deliver significant improvements to the lives of low-income and low wealth individuals, especially People of Color and women in terms of personal asset growth, business formation and business growth, quality housing and tangible improvements to the economic health of community.

Regional Leadership and Visibility: Become the primary leader of responsible financial resources for low- income communities and become a vocal advocate for community development finance.

Advocacy and Public Policy: Advocate on behalf of its constituents and itself for expanded resources and public policies that benefit low-income communities.

Capitalization: Grow its assets under management from the current level of $18.8 million at July 2011 to $35 million by the fifth year of the plan, while maintaining a net asset ratio of no less than the industry standard of 20%.

Sustainability: Maintain a high standard of financial and portfolio performance for the organization by setting annual benchmarks.  The organization will also periodically evaluate its business model and, as needed, will implement other effective models employed by high performing CDFIs and other responsible financial service companies.

Year Awards and Recognition
2010
  • 2010 Eastern Pennsylvania Community/Rural Lender of the Year Award [U.S. Small Business Administration]
2009
  • Feature Business Article:  USA Today2009
  • Eastern Pennsylvania SBA Minority Business Champion of the Year Award: Miriam Soto, Director of Training and Business Lender and Counselor at Community First Fund [U.S. Small Business Administration]
  • Semi-Finalist: Wachovia NEXT Awards for Opportunity Finance Network
2008
  • Finalist: Wachovia NEXT Awards for Opportunity Finance Network
  • K. L. Shirk Award for Community Service:  Daniel Betancourt, President and CEO [Urban League of Lancaster County] 
  • 2008 Eastern Pennsylvania SBA Women in Business Champion of the Year Award: Joan Brodhead, Director of The Women’s Business Center at Community First Fund, and Vice President and COO [U.S. Small Business Administration]
  • Pennsylvania’s 50 Best Women in Business 2008 Award: Marilyn Hedge, Board Member [Central Penn Business Journal]
2007
  • Finalist, Nonprofit Innovation Award; Nonprofit Leadership Excellence: Daniel Betancourt, President and CEO [Central Penn Business Journal]
  • Semi-Finalist: Wachovia NEXT Awards for Opportunity Finance Network
  • Nonprofit and Philanthropy Mover and Shaker: Daniel Betancourt, President and CEO [Central Penn Business Journal]
2006
  • Finalist: Nonprofit Innovation Award: Operations & Technology, [Central Penn Business Journal]
  • Nonprofit and Philanthropy Mover and Shaker: Daniel Betancourt, President and CEO [Central Penn Business Journal]
2005
  • Eastern Pennsylvania Minority Small Business Champion of the Year Award [U.S. Small Business Administration-Philadelphia District Office]
  • AA Rated [CARS® - CDFI Assessment Rating]
2004
  • 2004 Governor’s Latino Commission Pride Award Finalist: Excellence in Economic Development Award [U.S. Commerce Department]
2003
  • Top Forty Under 40: Daniel Betancourt, President and CEO [Central Penn Business Journal]
2002
  • Excellence in Lending [Association for Enterprise Opportunity and Deutsche Bank]
Certifications
  • Community Development Financial Institution [U.S. Treasury Dept.]
  • Microlender [U.S. Small Business Administration]
  • Microlender [U.S. Department of Agriculture]Microlender [U.S. Department of Housing and Urban Development]
  • Accreditation [Community Development Bank of PA - DCED]
  • Licensed [PA Department of Banking]