ITIN Lending Guide Enables Financial Institutions to Serve
Diverse Populations and Grow Revenue
Coopera, Inclusiv, PolicyWorks and Filene collaborate to enable rapid scale of needed financial access
For a large segment of the U.S. population without a social security number, access to vital financial resources or being able to build credit has been historically difficult. At the same time, community- oriented financial 
institutions, including both banks and credit unions, seek new and sustainable points of differentiation and sources of revenue.
An Implementation Guide for Individual Taxpayer Identification Number (ITIN) Lending is now available for financial institutions to provide access to loans for consumers that may not traditionally have access to these services. The guide consolidates best practices, tools, and resources from credit unions and other stakeholders that have refined ITIN lending over many years and are committed to serving the underserved. Filene, Inclusiv, Coopera, and PolicyWorks collaborated on the development of the guide and urge financial institutions to use it to launch their own ITIN lending program as part of a comprehensive strategy to serve immigrants and other vulnerable populations in their community.
The ITIN Lending Program was tested through Filene’s Reaching Minority Households Incubator and has proven successful for both the credit union and the individual receiving the loan. The ITIN Lending Implementation Guide was built as an actionable resource to enable replication and rapid scale among financial institutions far beyond the testing group.
The Reaching Minority Households Incubator, and resulting ITIN Lending Implementation Guide are available for all financial institutions’ use as a business growth strategy and to serve a growing population in need of this service. It is made possible by generous financial contributions, insights and guidance from Visa and the Ford Foundation.
Click here to download the ITIN Lending Implementation Guide.