ACC Members have an impressive lending record throughout their service areas, including Appalachia. The majority of members report their loan activities to Aeris (an information service that provides ratings for CDFIs based on their performance). Several members who are not Aeris reporters independently provided loan data for analysis. The charts below highlight the performance of 13 of 20 members.
Total assets for ACC Members grew at a compound annual growth rate (CAGR) of 11.4% from FYEs 2013-2017, with total assets of $613 million at FYE 2017. Total loans outstanding grew at a CAGR of 14.3% to $396 million at FYE 2017.
Over the last five-year period, from FYE 2013-FYE 2017, ACC Members have collectively provided $580 million in capital. The dollar amount of loans disbursed annually grew at a CAGR of 12.6% during this period.
1 ACC Member data included in this report: Access to Capital for Entrepreneurs (ACE), Alternatives Federal Credit Union, Carolina Small Business Development Fund, CommunityWorks, Finance Fund Capital Corp, Kentucky Highlands Investment Corporation, MACED, Mountain BizWorks Inc., Natural Capital Investment Fund Inc., Pathway Lending, People Inc., SKED, Virginia Community Capital and Woodlands Community Lenders. The data for this report was provided by the Aeris Cloud and Aeris Rating Reports.
From FYE 2013-FYE 2017, the ACC Member portfolio had an average rate of loans past due greater than 30 days of 3.6%.
Funding Sources of ACC Members at FYE 2017
Since the close of its 1st capital raise in 2015, ACC has:
*Charts prepared by Aeris