Friday, April 23, 2021

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Oportun: Submitted an application with the OCC to establish Oportun Bank

  • Oportun a mission-driven Community Development Financial Institution (CDFI)
  • Oportun provides inclusive, affordable financial services powered by a deep, data-driven understanding of its customers
  • A national bank charter will allow us to reach the estimated 100 million low- and-moderate income (LMI) consumers
  • Oportun maintains dozens of state licenses in order to offer affordable and responsible financial services to LMI communities
  • The proposed bank will be a wholly-owned subsidiary of Oportun Financial Corporation
  • Oportun’s customers earn on average a gross income of $46,000 per year, with many of them supporting a family on this modest income

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