News
Stories and news from Exodus Lending and the financial industry
Homeowner Resources
Owning a home is a major financial goal for many renters and a source of pride for anyone who is already a homeowner. However, achieving the dream of homeownership – and keeping up with all the related expenses – is difficult and, for many, seemingly impossible. While homeownership is not the right fit for everyone, Read more Homeowner Resources
September 2021 Update
Executive Director Transition After careful consideration, I have decided to retire in early 2022 and begin the transition process to find a new Executive Director. It has been an honor to serve as the Executive Director for the last five years. When I joined Exodus Lending back in 2016, one of the first things I Read more September 2021 Update
Planning for Retirement
Before diving in, we want to be clear: we strongly encourage you to seek professional guidance on retirement. For example, Prepare + Prosper’s Financial Continuum of Care page includes a good resource for financial planning. While many personal finance websites like NerdWallet, CNBC, or AARP have fairly comprehensive, easy-to-follow guides, talking with a trustworthy professional Read more Planning for Retirement
August 2021 Update
Exodus Lending in the News Exodus Lending strives to be a public voice speaking up against the harm caused by predatory lenders. To that end, our executive director, Sara Nelson-Pallmeyer recently spoke with a NerdWallet reporter on the importance of an interest rate cap on short-term loans to protect consumers. Additionally, program graduate and current Read more August 2021 Update
Be An Informed Borrower
Predatory lenders purposely and systematically offer unfair loan terms to borrowers, using a business model that “benefits the lender and ignores or hinders the borrower’s ability to repay.” While Exodus Lending is actively working to stop predatory lenders from operating in the first place, until then, you can become a more informed loan borrower with Read more Be An Informed Borrower
Practicing Self-Care
Self-care is any action done to consciously preserve one’s physical, mental, emotional, and spiritual health. This definition is purposely broad because self-care looks and feels different to everyone. Although some people may think self-care means buying fancy skincare products or going on expensive shopping sprees, according to psychotherapist Kathleen Dahlen deVos; “…spending excessive money or Read more Practicing Self-Care
July 2021 Update
Join us on Thursday, July 29th! We are no longer “a-loan” and can be together once again at our summer fundraiser. Exodus Lending is excited to resume hosting our annual fundraiser in person this year. We hope you can join us on Thursday, July 29th, from 6:30 to 8:30 pm at PAIKKA (located at Vandalia Read more July 2021 Update
June 2021 Update
Let’s Be “A-Loan” Together We are no longer “a-loan” and can be together once again at our summer fundraiser! Join us on Thursday, July 29th, from 6:30 to 8:30 pm at PAIKKA in St. Paul for an evening of games, merriment, and updates from Exodus Lending. Each ticket includes two beverages. Tickets are $5/person in Read more June 2021 Update
Banks and Credit Unions
While banks and credit unions are both financial institutions where you can keep, borrow, and grow your money, they are not exactly the same. Here is a chart breaking down the main differences between them: BANKS CREDIT UNIONS – Banks are for-profit financial institutions. Their primary focus is making money for their stakeholders. – No Read more Banks and Credit Unions
Annual Report 2020
Exodus Lending’s full Annual Report can be downloaded by following this hyperlink: Annual Report from 2020↗ (opens in a new tab) Annual Report 2020 by Anika Riewe