We’re a Community Development Financial Institution (CDFI)
Quontic Bank is designated a Community Development Financial Institution (CDFI) by the U.S. Treasury—a designation that we work hard to uphold.
Since our founding, we’ve made it our mission to promote economic development, job creation, business development, affordable housing, financial literacy and philanthropic support to underserved people and economically distressed communities.
What's a CDFI? Learn more from the U.S. Treasury CDFI Fund.
To that end, we:
- Donate our time and resources. Members of our leadership team serve on a variety of nonprofit boards and merchant associations. From supporting children’s and healthcare organizations and promoting financial literacy education to students and seniors to sponsoring holiday food drives, we donate our time and leverage our resources to do all we can to make our neighborhoods better places to live and work.
- Purposefully direct banking services and lending to underserved communities, low- to moderate-income consumers and minority populations. Historically, approximately 60 percent of the bank’s financial product activity has fallen into one of these categories. We strive to maintain at least that concentration.
- Work to make credit affordable and accessible to small businesses. We offer a suite of flexible lending solutions to underserved small businesses in the markets in which we operate.