Community Check Cashing (CCC) is a program of Community Development Finance (CDF). CDF is a 501c3 nonprofit organization located in California. Our mission is to assist low-income and very low-income households, communities and businesses with increased access to capital and financial literacy by offering below-market rate financial services and products to the low-income, underserved and unbanked people in the neighborhood. It is also our mission to create new partnerships and assist other institutions in increasing access to capital in these neighborhoods.
Community Development Finance opened what we believe to be the first and only nonprofit, full-service, stand-alone check cashing store in the country in May 2009 in the Fruitvale neighborhood of Oakland, California. CDF offers below-market rates, prices and fees and a broad range of targeted financial services designed to help low-income families move out of poverty, including financial coaching and small business services. CDF operates the store on a social enterprise model: a nonprofit check cashing institution in which the check cashing services component of the operations are financially sustainable through earned revenue while using donations and grants to support the coaching, social services and administration.
Community Check Cashing
We are a nonprofit organization with a goal of helping people in the local community to obtain below-market priced financial services and products as well as additional assistance to help them increase their income and assets, save money and improve their financial position and knowledge of financial issues in their lives. We believe that access to fair financial services and access to capital are critical elements for low-income people to reduce poverty in order to offer better futures for themselves, their families and their communities.
To accomplish that goal, we offer below-market priced financial services and products, financial coaching and small business assistance. We work with banks and credit unions to refer customers when they want to create an account or obtain a loan. We respond to the local needs in the neighborhood and develop new programs as we understand the need for them.
Through our programs, we are able to save our low-income customers a great deal of money which will allow them to have more funds to spend on other basic necessities and help strengthen the surrounding community.