Cheryl Fatnassi considers it a success when a small business owner outgrows the Opportunities Credit Union she heads in rural Vermont.
As a community development credit union, her institution helps business owners start their companies. "A lot of financial institutions don't do start-up loans anymore because they're not profitable," Fatnassi, the credit union's president/CEO, said.
But using funds provided through the Community Development Financial Institutions program, Opportunities can make those loans, with the hope that one day, the business owners will need the financial services and resources that only a larger institution can provide.
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