Geoff Bullock is a 33-year-old Financial Education Specialist at Firefly Credit Union ($1.1B) in Burnsville, Minnesota, United States. This is his Finalist presentation that he gave in Las Vegas, Nevada as part of the 2017 CUES Next Top Credit Union Exec competition.

1. Geoff
Bullock
Financial Education Specialist
Firefly Credit Union ($1.1B)
Burnsville, Minnesota

3. HOW MANY HERE
HAVE ADOPTED OR
ARE ADOPTED?
About 60% of Americans come into direct
contact with adoption* (pbs.org)

5. THE ORPHAN TRAIN
1854-1929

7. BRIDGING THE GAP
THE ORPHAN CRISIS OF 2017
▸ The orphan crisis of the 1850’s saw
30,000 orphans in the streets of
New York City
▸ Today more than 100,000 US
children are orphaned awaiting
adoption and 1 in 5 won’t find a
forever home
▸ According to UNICEF over 26
million children are double-
orphaned worldwide

8. THE NUMBER ONE OBSTACLE
FOR ADOPTIVE PARENTS IS
UP-FRONT COSTS.
Children’s Home Society/Lutheran Social Service
BRIDGING THE GAP

10. LOAN FEATURES:
LINE OF CREDIT
INTEREST RATE: 5.99%-7.99%
MAX 7 YEAR REPAYMENT
RANGE: $5,000-$40,000
COVERS UP TO 90% OF ADOPTION
RELATED COSTS
WELCOME CHILD GIFT OF $500
CONTROLLED DISBURSEMENTS
WORKING IN PARTNERSHIP WITH
ADOPTION AGENCIES
BRIDGING THE GAP ADOPTION LOAN

12. DOMESTIC INFANT
ADOPTION FLOW CHART
DOMESTIC INFANT ADOPTION FLOW AND COSTS
INFORMATION
MEETING
Firefly fliers
disbursed
APPLICATION
Fee: $500
Upon accepted
application
families can
qualify for loan
HOME STUDY
Fee: $2,300
Loan approved
upon completion
of home study
EDUCATION &
MATCHING
Education Fee:
$500
MATCHING &
PLACEMENT
Agency Fee:
$2,750
Matching Fee:
$0-15,000
FINALIZATION
Legal & Birth
Parent Services:
$6,000-11,500
POST-PLACEMENT
Supervision
& Visit Fees:
$2,500
Total
Cost:
$15,450
to
$35,959

14. Q&A with
Geoff