News
Stories and news from Exodus Lending and the financial industry
December 2018 Update
Thank You! Living paycheck-to-paycheck, Jan* knew all too well that hitting unexpected bumps in the road could quickly detour her financial journey. Jan worked hard every day to support her family, and then her car broke down. Her car was her lifeline – without it, her job security, housing stability, and sense of well-being were Read more December 2018 Update
November 2018 Update
Give to the Max Day With Give to the Max Day a week away, we celebrate the season with our participant stories, as Melissa and Isabella* highlight the importance of our work – and the reasons why we need your help to reach our $12,000 goal. Melissa’s Story on Minnesota Public Radio (MPR) As Read more November 2018 Update
October 2018 Update
Trick or Treat! Is there anything scarier than the almost 400% average APR on payday loans in the U.S.? We can think of something… 12,000%. Yeah, that’s not a typo. 12,000%. That’s how much one recently enrolled participant was paying on an online payday loan. According to the terms, this borrower – who initially took Read more October 2018 Update
September 2018 Update
Over 100 program graduates! This month, we surpassed 100 program graduates of Exodus Lending! That’s 100 of our neighbors who no longer dread payday, watching their hard-earned check evaporate into the pockets of predatory lenders. Instead, that’s 100 people who can breathe easier, knowing their payday debt is gone, and they can focus on their Read more September 2018 Update
August 2018 Update
Welcome, Anna and Anika! We are delighted to announce the addition of Anna and Anika to our team at Exodus Lending! Anna will be working directly with our program participants as our Program Coordinator, and Anika is serving as our Outreach and Fundraising VISTA for next year. Welcome to the team! Anna graduated from Augsburg Read more August 2018 Update
July 2018 Update
Exodus Lending is Hiring! Exodus Lending is looking for someone who is passionate about helping people get out from under the payday loan debt trap. We’re looking to hire a program coordinator to manage and take part in all participant-facing activities of the organization, including outreach, enrollment, and participant engagement. Review the full job description Read more July 2018 Update
June 2018 Update
Exodus Lending in the News! Our executive director, Sara Nelson-Pallmeyer, spent this past Monday, June 4th, in Moorhead. She, along with co-hosts Mayor Del Rae Williams, Minnesota House Rep. Ben Lien and city council member Heidi Durand, held a meeting with church leaders, nonprofits, county agencies and financial institution representatives to talk about the payday Read more June 2018 Update
May 2018 Update
Raise a Glass at our Annual Fundraiser! Join us at Urban Growler Brewery on June 26th from 5:30 pm to 8:00 pm to celebrate with Exodus Lending at our annual fundraiser with a fun twist – trivia! Show off your smarts while showing up in support of our important work. Tickets are $20 until June Read more May 2018 Update
Goal-Setting
Here are some sample short and long-term goals, as well as action steps to take to help you achieve them. But first – make sure you have a budget in place to help you stay on track toward attaining your financial goals. If you need help starting and sticking with a budget, check out this Read more Goal-Setting
Annual Report 2017
Exodus Lending’s full Annual Report can be downloaded near the bottom of this page or by following this hyperlink: Annual Report from 2017. Annual Report 2017 by Anika Riewe on Scribd