Creeperian Financial Assistance Corporation
 | |
Formerly | Calamarian Financial Assistance Corporation |
|---|---|
| Private | |
| Industry | Financing |
| Fate | Liquidated |
| Founded | 11 August 2020 |
| Founder | Calamari |
| Defunct | 1 January 2022 |
Number of locations | 1 (2020) |
Area served |  The League |
Key people | Creeperopolis, CEO & CFO |
| Services | Loans[1] |
| Revenue |  1,624,482 LC (August 2020) |
| 168,905 LC (August 2020) | |
| 99,090 LC (August 2020) | |
| AUM | Unknown |
| Total assets | 572,376 LC (August 2020) |
| Total equity | 473,286 LC (August 2020) |
| Owner | Creeperopolis |
| Members | 1 (May 2021) |
Number of employees | 1 (May 2021) |
| Website | cfac.org |
The Creeperian Financial Assistance Corporation, abbreviated as CFAC, and previously known as the Calamarian Financial Assistance Corporation, was a private organization in The League whose primary service is granting loans to private individuals. The corporation conducts its business through the Consulate Central Bank and exchanges loans in the Leaguecredit (LC), the official currency of The League.
The corporation was founded by Calamari in August 2020, who later transferred ownership of CFAC to Creeperopolis in late-August 2020. From May 2021 until the company's dissolution, Creeperopolis has held total ownership of the company. After 16 September 2020, the corporation did not grant a loan and ceased operations, but it continued to exist as a legal entity. The company was officially dissolved on 1 January 2022 after the Consulate Central Bank was abolished by the Consulate of the Republic.
In late-August 2020, CFAC was implicated with the LCN Mafia in illegally attaining contraband through a covert operation known as Operation Tim which had been occurring for about half a month. The corporation was given immunity by the Consulate of the Republic in exchange for handing over information regarding the operation.
Contents
History
The Calamarian Financial Assistance Corporation (CFAC) was established on 11 August 2020 by entrepreneur Calamari, two days after the Leaguecredit was adopted as the official currency of The League. Upon its establishment, CFAC became the first financial business in the history of The League.
On 12 August 2020, CFAC was declared to be tax exempted by the Consulate of the Republic.[2]
On 30 August 2020, CFAF ownership was transferred to Creeperopolis and was renamed to the Creeperian Financial Assistance Corporation.[3]
CFAF ceased to exist on 1 January 2022 after the Consulate Central Bank was abolished.
Corporate overview
Business area
Creeperian Financial Assistance Corporation is in the following business areas.
- Grant loans
- Legal tax evasion (Consulate Tax Exemption Status)[2][4]
- Protection rackets[citation needed]
- Loan sharking[citation needed]
Finances
| Month & Year | Revenue in LC- 
|
Operating Income in LC-
|
Net Income in LC-
|
Total Assets in LC-
|
Total Equity in LC-
|
Employees |
|---|---|---|---|---|---|---|
| 1,624,482
|
168,905
|
99,090
|
572,376
|
473,286
|
3
| |
 0
|
0
|
0
|
466,928
|
466,928
|
2
|
Loans
| Loanee | Loaner | Amount | Date Withdrawn | Interest | Date Paid | Amount Paid | Due | Score |
|---|---|---|---|---|---|---|---|---|
| Lovelton | CFAC | 7,500
|
August 11, 2020 | 10% upfront 5% per day |
August 11, 2020 | 8,250
|
August 14, 2020 | 700 |
| The Legion of Mankind | CFAC | 1,000
|
August 12, 2020 | 100% per day | August 12, 2020 | 1,000
|
August 14, 2020 | 300 |
| Lovelton | CFAC | 7,500
|
August 12, 2020 | 10% upfront 5% per day |
August 12, 2020 | 8,250
|
August 14, 2020 | 350 |
| Lovelton | CFAC | 8,250
|
August 12, 2020 | 10% upfront 5% per day |
August 12, 2020 | 9,075
|
August 14, 2020 | 325 |
| Lovelton | CFAC | 17,325
|
August 12, 2020 | 10% upfront 5% per day |
August 12, 2020 | 19,057
|
August 14, 2020 | 300 |
| Gagium | CFAC | 21,000
|
August 13, 2020 | 10% upfront 5% per day |
August 13, 2020 | 23,100
|
August 14, 2020 | 300 |
| Gagium | CFAC | 36,000
|
August 13, 2020 | 20% upfront 10% per day |
August 13, 2020 | 43,200
|
August 14, 2020 | 300 |
| San Carlos Islands | CFAC | 20,000
|
August 13, 2020 | 10% upfront 5% per day |
August 14, 2020 | 23,000
|
August 16, 2020 | 850 |
| The Black Hat Organization | CFAC | 90,000
|
August 13, 2020 | 10% upfront | August 13, 2020 | 99,000
|
August 13, 2020 | 850 |
| Gagium | CFAC | 90,000
|
August 14, 2020 | 10% upfront | August 14, 2020 | 99,000
|
August 14, 2020 | 850 |
| Gagium | CFAC | 90,000
|
August 14, 2020 | 10% upfront | August 14, 2020 | 99,000
|
August 14, 2020 | 850 |
| Gagium | CFAC | 100,000
|
August 14, 2020 | 10% upfront | August 14, 2020 | 110,000
|
August 14, 2020 | 350 |
| Gagium | CFAC | 200,000
|
August 14, 2020 | 10% upfront | August 14, 2020 | 220,000
|
August 14, 2020 | 350 |
| Gagium | CFAC | 250,000
|
August 30, 2020 | 10% upfront | August 30, 2020 | 275,000
|
August 30, 2020 | 850 |
| Gagium | CFAC | 297,000
|
August 30, 2020 | 15% upfront | August 30, 2020 | 341,550
|
August 30, 2020 | 300 |
| The Legion of Mankind | CFAC | 10,000
|
August 30, 2020 | 10% upfront | August 30, 2020 | 11,000
|
August 30, 2020 | 300 |
| The Legion of Mankind | CFAC | 50,000
|
August 30, 2020 | 10% upfront | August 30, 2020 | 55,000
|
August 30, 2020 | 300 |
| The Legion of Mankind | CFAC | 200,000
|
August 30, 2020 | 10% upfront | August 30, 2020 | 220,000
|
August 30, 2020 | 300 |
| The Constitutional Republic of Zion | CFAC | 50,000
|
September 14, 2020 | 10% upfront | September 20, 2020 | 62,700
|
September 15, 2020 | 300 |
| Gagium | CFAC | 387,000
|
September 16, 2020 | 10% upfront | September 16, 2020 | 425,700
|
September 16, 2020 | 850 |
| Poor (300–579) Fair (580–669) Good (670–739) Very Good (740–799) Exceptional (800–850) | ||||||||
| [a] [b] [c] [d] [e] | ||||||||
Individual credit scores
| Loanee | Total Amount Loaned | Total Amount Repaid | Score |
|---|---|---|---|
| Gagium | 1,093,000
|
1,210,850
|
300 |
| The Legion of Mankind | 261,000
|
287,000
|
300 |
| The Black Hat Organization | 90,000
|
99,300
|
850 |
| Lovelton | 40,575
|
44,632
|
300 |
| San Carlos Islands | 20,000
|
23,000
|
850 |
| Poor (300–579) Fair (580–669) Good (670–739) Very Good (740–799) Exceptional (800–850) | |||
| [a] [b] [c] [d] [e] | |||
Marketing and advertising
The Creeperian Financial Assistance Corporation is primarily advertised as a fair loaning firm in the Consulate Central Bank. Calamari and Creeperopolis are commonly seen in the Consulate Central Bank offering loans to individuals, most of whom are either poor or have gambling addictions.[citation needed]
CFAC has been successful enough to enrich the CEO into the top ten wealthiest citizens, despite Calamari receiving significantly less in pensions than the other 9 members.
— Calamari, 13 August 2020
We have witnessed a common man being elevated to the heights of wealth all thanks to the opportunities CFAC provides. This is clear evidence of the good CFAC strives for and the prosperity one can achieve by taking a loan from us.
Management
Stakes
| Stakeholder | Position | Amount |
|---|---|---|
| Creeperopolis | CEO/CFO/Bookkeeper | 82% |
| Greater Sacramento | Legal Consultant | 5% |
| Willdavie | Investor | 10% |
| Lyoa | Investor | 3% |
List of CEOs
| No. | CEO | Took office | Left office | Time in office | |
|---|---|---|---|---|---|
| 1. | Calamari (born 2018) | 11 August 2020 | 30 August 2020 | 19 days | |
| 2. | Creeperopolis (born 2015) | 30 August 2020 | 1 January 2022 | 1 year, 124 days |
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List of CFOs
| No. | CFO | Took office | Left office | Time in office | |
|---|---|---|---|---|---|
| 1. | Creeperopolis (born 2015) | 11 August 2020 | 1 January 2022 | 1 year, 143 days |
List of Legal Consultants
| No. | Legal Consultant | Took office | Left office | Time in office | |
|---|---|---|---|---|---|
| 1. | Greater Sacramento (2019–2022) | 11 August 2020 | 3 April 2021 | 235 days |
Controversies
Gagium incident
On 13 August 2020, Gagium gambled away 50,000 of his own money through gambling on blackjack. He then requested a loan from the Calamarian Financial Assistance Corporation for 21,000. He negotiated a deal for 21,000 with a 10% upfront interest rate with 5% interest every day. He then proceeded to gamble it all away via blackjack. He then requested another loan for 36,000, which was negotiated to a 36,000 loan with a 20% upfront interest rate with 10% interest every day. He then proceeded to gamble away the 36,000.
The Consulate Central Bank intervened and returned 66,300 to the Calamarian Financial Assistance Corporation, putting Gagium into 66,300 of debt. The Consualte then seized his Council Delegate Estate after he attempted to sell it to Creeperopolis for 62,000 and after he attempted to sell it to Karimun earlier in the day for 17,000 and 22,000.[6]
Gagium singlehandedly deflated the currency through his gambling.[7]
Involvement in Operation Tim
See also
 The League portal |
Notes
- ↑ 1.0 1.1 Poor (300–579) – Applicants in this range may not be approved for credit at all.
- ↑ 2.0 2.1 Fair (580–669) – Applicants in this range are considered to be subprime borrowers.
- ↑ 3.0 3.1 Good (670–739) – Applicants in this range are adequate and are likely to receive similar rates.
- ↑ 4.0 4.1 Very Good (740–799) – Applicants in this range are likely to receive better than average rates from lenders.
- ↑ 5.0 5.1 Exceptional (800–850) – Applicants in this range are at the top of the list for the best rates from lenders.
References
- ↑ Quebecshire (12 August 2020). "Consulate Central Bank – Loaning". Consulate of the Republic. NationStates. The League: Consulate of the Republic. p. 1. Retrieved 12 August 2020.
- ↑ 2.0 2.1 Hire, Quebec S. (August 12, 2020). "CONSULATE CENTRAL BANK - TAXATION". Consulate of the Republic. NationStates. The League: Consulate of the Republic. p. 1. Retrieved August 12, 2020.
- ↑ Polis, Creeper O. (30 August 2020). "Take loans, blackjack it, get rich quick". Creeperian Financial Assistance Corporation. NationStates. The League: Creeperian Financial Assistance Corporation. p. 1. Retrieved 30 August 2020.
- ↑ Hire, Quebec S. (August 15, 2020). "CONSULATE CENTRAL BANK - FIRST PUBLICATION OF TAX CODES AND FINANCIAL PENALIZATION CONDITIONS". Consulate of the Republic. NationStates. The League: Consulate of the Republic. p. 1. Retrieved August 15, 2020.
- ↑ Mari, Cal A. (14 August 2020). "Calamarian Financial Assistance Corporation - Why Loans Work". NationStates. The League: Calamarian Financial Assistance Corporation. p. 1. Retrieved 14 August 2020.
- ↑ Hire, Quebec S. (13 August 2020). "CONSULATE CENTRAL BANK - CONSULATE DEBT ROLE". Consulate of the Republic. NationStates. The League: Consulate of the Republic. p. 1. Retrieved 13 August 2020.
- ↑ Hire, Quebec S. (13 August 2020). "CONSULATE CENTRAL BANK - GAGIUM DECREASING CURRENCY". Consulate of the Republic. NationStates. The League: Consulate of the Republic. p. 1. Retrieved 13 August 2020.
