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 CEO's Blog: CSL Acquires Next Step KC to Grow Small-Dollar Lending
If you've followed CSL closely in the last five years, you know our commitment to helping families access credit at reasonable rates. In 2014, we partnered with Holy Rosary Credit Union to develop our Small-Dollar Lending Program. Here's a quick recap of some of the more notable program statistics (as of April 30, 2019):
- 300+ loans
- $750,000+ in original loan values
- Those seeking refinancing of a toxic loan came with an existing average APR of 275%
- The average credit score at loan origination was 490
- We've been able to reduce APRs to an average of 14%
- The average credit score at loan origination was 490
- We've been able to reduce APRs to an average of 14%
- We opened two state-licensed micro-branches of Holy Rosary Credit Union inside CSL offices, and hired a full-time loan officer to provide the staffing
- Our loan charge-off rate is only 7.8%
- We secured philanthropy to back the loans so the Credit Union's risk was mitigated
- We opened more than 500 traditional banking accounts/products (savings/checking account, direct deposit, debit card, secured credit card, etc.)
Along the way, we've had a similar relationship with Next Step KC, another program designed to provide short-term access to credit, but at a fraction of the rate of a predatory payday loan. CSL was a referral partner...
Read the rest of this blog
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60 Barrels in 60 Days!
While school is out for the summer, the next 60 days are critical at CSL! Our staff is hard at work raising support to ensure 2,500 students will have the necessary tools to be successful in the classroom in the Fall. Filling backpacks with school supplies, and stocking shelves with brand new pairs of shoes is top of mind at seven CSL locations.
Today, CSL is kicking off a 60 Days of Summer Campaign to raise support for our upcoming Back to School Fairs! In the next 60 days, we hope to place 60 barrels at businesses, churches, and other locations across the metro to collect school supplies, backpacks, and tennis shoe donations for this year's Back to School Fairs. We currently are 1/3 of the way towards our goal!
Follow us on Facebook to join us in thanking our barrel partners! Interested in joining the Campaign? Contact us today!
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CSL, Mid-Continent Public Library, Fort Osage, and Comcast Team Up to Open Farview Neighborhood Library and Farview Food Pantry
As we reported last month, a unique collaboration has brought new life to a building that might otherwise have remained unused in Northeast Independence. The former Fort Osage School District Early Childhood Center has been converted to a Mid-Continent Public Library branch, and it will house the new CSL Farview Food Pantry. The Library will opens its services the week of June 10, and CSL's first day will be Wednesday, June 19. Stay tuned for grand opening information!
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Monthly Giving. Monthly Good.
 The 1916 Club is CSL's monthly giving program that allows supporters to make sustained gifts through monthly credit card charges or checking/savings account withdrawals.
In 1916, a group of 22 forward-thinking women founded CSL as a way to support children and families in need in our community. More than 103 years later, members of the 1916 Club share the same vision and provide monthly support to ensure that the mission of CSL is met every day.
By joining the 1916 Club, you can be assured that you're doing your part to make our Eastern Jackson County community a better place to live by providing resources for families to achieve economic stability.
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 Celebrating 10
y
ears, the Coalition of Women Helping Children is hosting the "Fashion for Compassion" Fashion Show and Brunch on Saturday, August 24, 2019
to benefit CSL's Children's Services.
Annually a sell-out, make plans now to attend this fun morning of food, fellowship and fashion at the Adam's Pointe Conference Center in Blue Springs. Donna Pitman, KMBC 9, will serve as this year's emcee and the show will feature community models in the latest fall fashions from Dillard's, Independence Center! We are grateful for the continued support of St. Mary's Medical Center, the Presenting Sponsor for the third year, along with Silver Sponsor - CBD American Shaman, Bronze Sponsor - Truman Medical Center, and Table Sponsors Stewardship Capital, Foster Dental Care and Blue Ridge Bank and Trust Co. Sponsorship and Ticket Information
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 Fore! Make plans to break out your clubs on
Monday, September 23, 2019,
for CSL's sixth annual
Go
lf Classic
,
presented by
Central Bank
, at
Winterstone Golf Course
in Independence. Featuring a scramble format, with separate flights and contests for women and men, a full breakfast and delicious lunch, join us for what promises to be a spectacular day of golf and support for CSL. Sponsorship and Player Information.
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 Luminous - lighting pathways to change, presented by Edward Jones, is slated for Saturday, November 9, 2019 at the Intercontinental Hotel at the Plaza. Plan now to join us for a magical night celebrating Community Services League with a delicious dinner, drinks, an exclusive Live Auction and dancing to the sounds of Lost Wax. Sponsorship and ticket information now available.
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| Interested in sponsoring a specific event in 2019, or supporting CSL throughout the year? Contact us today for a customized sponsorship package. |
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