The CLC local lender recruits employers in their community to offer the CLC loan program to their employees. The CLC program is offered at no cost to participating employers in their service territory. When an employee at a participating employer needs a loan, they go to the CLC website to apply.
Online Financial Education
How to Access
FOR ADDITIONAL INFORMATION ABOUT THE COMMUNITY LOAN CENTER PLEASE CONTACT:
Open to general public.
227 E. Washington Blvd
Fort Wayne, IN 46802
Brightpoint has two ways to access our financial education program: attend our scheduled workshops or go through the FDIC Money Smart Curriculum online. Both options are free of charge.
The CLC model is customer centric and engages community lenders who understand the needs of consumer loan borrowers. The overarching goal is to help CLC borrowers meet current and ongoing financial obligations and achieve a sense of security in their financial future.
CLC borrowers may access their account anytime through the CLC website. This innovative website eliminates the need for storefronts and high overhead costs resulting in much lower loan costs. The CLC program provides free, no obligation financial counseling to all CLC borrowers. The CLC financial counselors help borrowers become more financially empowered to manage their personal finances and to use credit responsibly.
Community Loan Center loans feature:
Financial Literacy classes are offered utilizing the FDIC Money Smart curriculum, a financial education program. Financial education is a key to financial stability, understanding how credit and banking services operate can lead to financial confidence.
An eligible employee can apply for a CLC loan online anytime. The CLC loan approval process is quick and easy since the entire loan application process is automated and credit underwriting is not required. After the employer verifies employment of the employee/borrower, the employee signs the CLC loan documents online. CLC loan proceeds (see diagram above) are transferred directly into the borrower’s bank account. CLC loan repayments begin on the employee’s next payday through payroll deduction. The CLC lender earns the interest from repayment of the CLC loans.
To access the FDIC Money Smart Curriculum you will need to go to their website and register. Once registered you have access to all the different modules listed, from an introduction to bank services to purchasing a home. If you are unable to complete a module, you are able to save your progress and log back in at a later time.
If you have any questions about Brightpoint’s financial education program please click here to contact us by email. Call (260) 423-3546. ext. 563
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