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Community Loan Center Corporation
642 East Washington Street, Brownsville, Texas, United States
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About the Community Loan Center Corporation
The Community Loan Center Corporation, located at 642 East Washington Street in Brownsville, Texas, is a finance institution founded in 1995 as the Rio Grande Valley Multibank (RGVMB). Certified as a Community Development Financial Institution (CDFI) by the United States Department of Treasury, our mission is to provide financial products and development services to the RGV, with a focus on affordable housing and consumer lending. We offer a safe and affordable alternative to payday and car title loans, with all earnings reinvested into the program for expansion and lending capital.
The Community Loan Center (CLC) was established in 2011 by RGV MultiBank to provide low-interest, low-fee personal loans. Since then, CLC has loaned $3.9 million to borrowers in the Rio Grande Valley. Administered by the Community Development Corporation of Brownsville, our member banks include Wells Fargo Bank, IBC Brownsville, IBC McAllen, IBC Zapata, Bank of America, Frost Bank, Lone Star National Bank, BBVA Compass Bank, and National Community Impact Corp.
With an average fee of only $120 for a $1000 loan repayable over 12 months, compared to the $775 in fees charged by payday lenders for a one-month loan, we strive to make borrowing affordable and manageable for our clients. Loans are automatically paid through your paycheck, and we work with employers to set up automatic payroll deductions for loan repayments. Our simple and fully automated software makes the process easy for both employees and employers.
If you are interested in partnering with us or learning more about our services, please contact us to sign a Memorandum of Understanding and schedule a training session for your payroll staff. We are committed to providing accessible and responsible financial solutions to the community.
642 E Washington St, Brownsville, TX 78520, United States
Opening hours of Community Loan Center Corporation
Monday:
08:30 - 17:30
Tuesday:
08:30 - 17:30
Wednesday:
08:30 - 17:30
Thursday:
08:30 - 17:30
Friday:
08:30 - 17:30
Saturday:
Day off
Sunday:
Day off
Reviews of Community Loan Center Corporation
"Stole my information and started taking payments out of my account......NEVER HEARD OF THIS COMPANY!!!! I TRIED CALLING SEVERAL TIMES PHONE GOING STRAIGHT TO Voicemail.... Scammers!!!!"
"Thank you community development team for helping get my first home. Thank you for helping me every step on the way and helping me reach my dream of owning a house. I would definitely recommend Community Development to everyone."
"It's a very good Loan Company, I applied for a loan last year and finally paid it off in August and I applied again. I would recommend anyone that need a Loan try Community Loan Service."
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