Common Future Acquires Community Credit Lab, Expanding Access To And Control Of Financial Capital In Historically Excluded Communities
Common Future Acquires Community Credit Lab, Expanding Access To And Control Of Financial Capital In Historically Excluded Communities
09/20/22, 5:28 PM
Industry
non profit
communities
lending
financial services
Oakland-based Common Future announced that it is acquiring Seattle-based Community Credit Lab (CCL). Community Credit Lab will exist as an affiliated entity under Common Future. This acquisition would bring together two field-leading organizations known for ensuring those closest to the problem lead the development of solutions and for utilizing capital to build economic power in and with those communities.
Company Info
Company info
Common Future works to close the racial wealth gap. As a Black-led, multiracial organization, our diverse team of strategists, community organizers, financial activists, and policy enthusiasts provides capital, operational support, and strategic partnership to budding solutions addressing racial and economic injustice. This work has helped wealth-holders shift $280 million to communities of color, driving capital and attention to more than 200 community wealth-building institutions. Learn more about Common Future.