News
Stories and news from Exodus Lending and the financial industry
March 2020 COVID-19 Update
In light of the COVID-19 outbreak and its implications, we wanted to share an update on how Exodus Lending is responding to the crisis and how you can help our efforts. Since we know that this crisis financially impacts all in our community, we expect to see an uptick in the number of Minnesotans seeking Read more March 2020 COVID-19 Update
March 2020 Update
Learning from Our Participants Last month, we hosted our first listening session with program participants, with the hopes of learning how to improve our current and future systems. In a small group setting, several participants shared their honest opinions of their experiences with our program. We are incredibly honored to work with such thoughtful, passionate Read more March 2020 Update
Michelle Grosz
Michelle Grosz Joined the Board of Directors in 2020 I am a widowed American Indian elder, enrolled in the Turtle Mountain Band of Ojibway; the first and only college graduate in my family with a Master’s in Higher Ed Adm from the U of M. I did not know about my real father and my Read more Michelle Grosz
Vienna Wilson
Vienna Wilson Joined the Board of Directors in 2020 I was born and raised in St. Paul, and have lived in South Minneapolis for the past 13 years. I have been working for the Metropolitan Council since late 2019, before that, I was the Office Manager for the non-profit HECUA. Growing up, I always wanted Read more Vienna Wilson
Sonia Palmer
Sonia Palmer Joined the Board of Directors in 2020 Hailing from Eagan and St Paul, today I live north of the metro in the Chisago Lakes Area with my husband of 21 years, teenage son and sweet dog. I enjoy kayaking, poker and card games, camping, genealogy, and spending time with my very loud family. Read more Sonia Palmer
Chelsea’s Story
We recently reached out to our participants and recent graduates in order to invite them to a participant-led listening session. There was much excitement from participants, like Chelsea, to attend because they were eager to share their experience. Similarly to thousands of Minnesotans, Chelsea struggled to pay off her payday loans. “I was very relieved Read more Chelsea’s Story
50/30/20 Budget
The 50/30/20 budget breaks down all your expenses into three broad categories: needs, wants, and savings. For budgeting beginners or those looking to avoid tracking every single transaction, this method can simplify personal money management in the present while still preparing for future needs and wants through savings. First, allocate 50% of your income to Read more 50/30/20 Budget
February 2020 Update
Payday Lending in Minnesota Payday lending should be illegal. That’s what we’ve been preaching for years. Why? Because lenders intentionally design their products to trap individuals experiencing financial hardship. Unfortunately for Minnesotans, payday lending is legal in Minnesota. Why? Because our elected officials in Minnesota allow it to be. Fortunately, we have the power to Read more February 2020 Update
How to Improve Your Credit
While limited credit access is a systemic issue, it is still important that individuals take small steps whenever possible to improve their credit. Here are four steps you can take to start this process. Step 1: Read Your Report Once you understand the difference between credit scores and credit reports, request your credit report from Read more How to Improve Your Credit
Missy Juliette
Melissa “Missy” Juliette Joined the Board of Directors in 2019 I live in Saint Paul, MN with my youngest kiddo and our cat, Rosie. I’ve been employed at the University of Minnesota for ten years. I am currently working as a Senate Associate in the Univesity Senate Office. Along with that, I recently completed a Bachelor of Read more Missy Juliette