Brightpoint Brightpoint
March 24, 2025 | Fort Wayne, Indiana – Brightpoint Development Fund has received a generous $50,000 grant from Flagstar Bank to support its Personal Financial Foundations program. This impactful program helps participants build financial stability through practical education on budgeting, credit improvement, and banking fundamentals.
Throughout the educational series, participants gain hands-on experience in creating effective budgets, managing and reducing debt, and tracking their personal spending habits. In 2024 alone, Brightpoint empowered over 300 individuals, equipping them with essential knowledge and practical tools to secure stronger financial futures.
Participants in the program have reached significant financial milestones, transforming their lives for the better. One recent graduate successfully increased her credit score by 100 points, significantly reduced her debt, and qualified for a mortgage to purchase her first home. Reflecting on her experience, she shared, “Before taking the course, I didn’t think homeownership was within my reach. The knowledge and support I received helped me build financial confidence and turn my dream into reality.”
Founded in 2011, Brightpoint Development Fund, a subsidiary of Brightpoint, is a nonprofit organization that provides affordable business loans, financial education, and housing development services. It is a U.S. Small Business Administration (SBA) micro lender and a U.S. Department of the Treasury Community Development Financial Institution (CDFI.)
Brightpoint is a private, 501(c)(3) nonprofit organization serving nearly 55,000 people across northeast Indiana each year. Through a wide range of programs, Brightpoint helps communities, families, and individuals remove the causes and conditions of poverty. All Brightpoint services are provided without regard to race, age, color, religion, sex, sexual orientation, disability, national origin, ancestry, or status as a veteran.
Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. It operates over 400 locations across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and West Coast. In addition, the Bank has approximately 80 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net worth individuals and their businesses. At December 31, 2024, the Company had $100.2 billion of assets, $69.2 billion of loans, deposits of $75.9 billion, and total stockholders’ equity of $8.2 billion.
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