FINANTA CREDIT UNION OPENS FIRST BRANCH IN READING

New financial center provides consumer and business services and financial education in English and Spanish

Reading, PA – On Wednsday April 8th, Finanta launched its first credit union in Reading at 240 Penn Street. This location is fully bilingual, Spanish and English, and will act as a financial center serving its current commercial operations and now providing new consumer services and financial education offerings to families and individuals.

Finanta is a 34-year-old non-profit community development financial institution (CDFI) advancing economic opportunities for individuals, families and entrepreneurs in low-income communities by offering accessible financial services and education. Finanta Credit Union’s strategy builds on this mission of creating economic mobility opportunities throughout the communities it serves and is responsive to the needs of each community where it’s located, and asks members in each geography what financial products and services they need to succeed. It also hires from the community and offers services in Spanish and English.

“As a CDFI, Finanta exists to provide fair, affordable financial services to people who have too often been left out of financial institutions,” said Daniel Betancourt, CEO of Finanta. “By pairing Finanta Credit Union services with financial education and one-on-one support — in both Spanish and English — we build real relationships with our members and design solutions that help families build wealth and strengthen their communities.”

Building on the successful launches of credit union branches in Lancaster and Philadelphia, the Reading location advances its community-focused strategy to ensure products and services are reflective of the needs of its customers. As such, Finanta Credit Union’s offerings will evolve as it builds relationships and longevity in the community and solicits and receives members’ feedback in order to develop financial solutions driven by their needs.

This new financial center blends the services of Finanta’s business loan fund with the credit union to provide access to financial education and loans to support establishing savings, accessing and managing personal loans, buying a car, starting a business or becoming a homeowner. In addition to offering free checking and savings, and low-cost loans, Finanta Credit Union will offer a financial education workshop series on building wealth in Spanish and English on topics such as :

How to buy a car or a home
Understanding credit
Obtaining a loan
Budgeting

Finanta Credit Union will also forge partnerships to meet the needs of the Reading community with other local nonprofits, like Tech Centro, as well as national and international brands, like Félix, which allows customers to safely send money to Latin America at a low-cost. Another partnership from which Finanta members benefit is no-fee ATM transactions at partner institutions CitiBank, Santander, M&T Bank, and more.

For an interview with CEO Daniel Betancourt, a tour, or more information, please contact Stef Arck-Baynes at stef@achievinggood.co or 917-710-1901.

ABOUT

Finanta Credit Union was established in 2022 by Finanta, a nonprofit Community Development Financial Institution (CDFI). Finanta Credit Union offers fair, accessible financial products and services and creates economic stability through wealth building opportunities. Our approach to fostering financial well-being and community revitalization includes being deeply integrated in the communities we serve, nurturing growth and opportunity. Learn more at: FinantaCreditUnion.com.

Finanta, formerly Community First Fund, is a nonprofit Community Development Financial Institution (CDFI) advancing economic opportunity in low-income neighborhoods through a loan fund and credit union. Since 1992, Finanta has provided innovative and responsible financing solutions to entrepreneurs, small businesses, and nonprofits in greater Philadelphia, eastern and southern Pennsylvania, New Jersey, and Delaware. As of 2025, Finanta’s manages over $250 million in safe, reliable, and inclusive capital to build vibrant and healthy communities. For more information, visit www.finanta.org.