Monthly Archives

October 2024

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By CDFIs, CNote, Migration V1

Empowering Communities to Rebuild: CNote’s Disaster Recovery and Resilience Program

The recent hurricanes on the East Coast of the United States have left a trail of devastation, impacting homes, businesses, and the lives of thousands. These storms, like many natural disasters, disproportionately affect low- to moderate-income (LMI) and Black, Indigenous, People of Color (BIPOC) communities—those least equipped to recover quickly. In times of disaster, financial support is critical to rebuilding, but for many in these underserved communities, the lack of resources deepens the already existing inequality. CNote’s Disaster Recovery and Resilience Program aims to bridge that gap, providing support through loans and insured deposits to community financial institutions that help these communities rebuild and prepare for future challenges.

Why It’s Important: 

Natural disasters do not affect all communities equally. LMI and BIPOC communities often reside in the areas most vulnerable to climate-related disasters, such as flood-prone regions or areas with inadequate infrastructure. The lower cost of living in these regions comes with a high price: frequent exposure to hurricanes, floods, and other climate risks. When disaster strikes, these communities face numerous challenges beyond financial constraints—they may lack transportation to evacuate, have jobs that do not offer time off, or experience inadequate housing that cannot withstand extreme weather.

Lacking financial support and experiencing high climate-related barriers, they struggle to rebuild, deepening inequality. The cycle is devastating: homes are destroyed, businesses shutter, and communities are left vulnerable to the next disaster. Without adequate resources, recovery is slow, and the long-term resilience of these communities becomes compromised.

Empowering Communities Through Mission-Driven Financial Institutions:

CNote’s Disaster Recovery and Resilience Program was created to respond to these urgent needs. By partnering with mission-driven financial institutions like Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), and Low-Income Designated Credit Unions (LIDs), CNote, through its Fixed-Income and Impact Cash® solutions, can quickly deploy capital to community financial institutions supporting areas in need. These institutions, deeply embedded in their communities, understand the unique needs of the residents they serve, offering tailored solutions to support recovery and future resilience.

Through Impact CashⓇ and Fixed Income solutions*, deposits and loans provide capital to support critical recovery efforts. This capital supports:

  • Home Reconstruction: These families can begin to rebuild, not just their houses, but the sense of safety and security that was ripped away. With access to the financial resources they need, parents can reassure their children that they will once again have a home—one built stronger, to withstand future storms. This is more than just bricks and mortar; it’s about restoring dignity and giving families back their futures.
  • Support for Small Businesses: Access to loans and grants from community financial institutions becomes the lifeline that allows small businesses to rise from the wreckage. It’s the difference between shutting down permanently and having the means to rebuild inventory, repair damaged equipment, and reopen their doors. With financial support, these businesses can continue to be pillars in their communities, providing not just services but also hope, jobs, and stability in uncertain times.
  • Climate Resilience Projects: With the support of mission-driven financial institutions, communities can invest in much-needed improvements. Imagine homes fortified against the next hurricane, with stronger roofs and raised foundations that stand resilient against floodwaters. Picture small businesses retrofitting their shops, ensuring they are not only prepared for future disasters but better equipped to stay open and continue supporting the local economy when the storms pass. These efforts give people more than just physical protection—they offer peace of mind and a sense of security for whatever the future may hold.

The Disaster Recovery and Resilience Program steps in to provide the critical financial support to mission-driven financial institutions needed to overcome these challenges. By working with local mission-driven financial institutions, this program supports that the funds go to those who need them most, helping families rebuild homes, replacing personal property, and getting businesses back on their feet.

The recent hurricanes throughout the Southeast USA are a reminder of how critical disaster recovery support is, especially for underserved communities. The Disaster Recovery and Resilience Program, through partnerships with mission-driven financial institutions, is helping to rebuild hope, restore livelihoods, and create a more resilient future for all.

 

*CNote Group, Inc. (“CNote”) is not a bank, a credit union, or any other type of financial institution. CNote is not a registered investment advisor with the Securities and Exchange Commission (SEC) or a broker-dealer authorized by the Financial Industry Regulatory Authority (FINRA). CNote is not a legal, financial, accounting or tax advisor. We encourage you to consult with a financial adviser or investment professional to determine whether or not the CNote platform makes sense for you. Fixed-Income Solutions: CNote offers unregistered securities consisting of various promissory notes (“Notes”) to eligible investors pursuant to Regulation A and Regulation D under the Securities Act of 1933, as amended. For more information on risks related to investing in our Flagship Fund Notes, for unaccredited investors please see our latest Flagship Fund Offering Circular as filed with and qualified by the SEC. For accredited investors please see our latest Flagship Fund Private Placement Memorandum Neither the SEC nor any state securities regulator has passed upon or endorsed the merits of any investment in CNote’s offerings. Investments in our Notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), or any other governmental agency. Investing in our Notes involves risk of loss, including the principal invested. Impact Cash: Impact Cash is not a security or investment. Impact Cash deposits are insured by the FDIC or NCUA, and subject to the terms and conditions of the Impact Cash agreements. CNote does not negotiate interest rates. 

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By CDFIs, CNote, Migration V1

Election Season Playbook: How Corporate Treasurers Can Manage Uncertainty

As the U.S. approaches another election cycle, corporate treasurers are prepared for a period marked by heightened uncertainty and cautious decision-making. Election periods often bring the potential for significant policy shifts, market volatility, and broader economic disruptions, making it crucial for treasurers to adopt a proactive approach to managing financial risks.

A Time of Pause for Corporate Treasurers

Election periods are commonly seen as a time of pause for corporate treasurers. The uncertainty surrounding potential changes in fiscal and monetary policies—such as adjustments in tax rates, regulatory shifts, and trade policies—can create a challenging environment for long-term financial planning. This is particularly true during closely contested elections where the outcomes and subsequent policies are highly unpredictable.

Treasurers typically respond to this uncertainty by tightening liquidity management, reassessing their hedging strategies, and delaying large capital investments. This approach helps protect their organizations from the potential economic instability accompanying election-related market reactions ​(KPMG).

What to Expect in the Coming Days

As the U.S. election draws nearer, treasurers should be mindful of the following:

  1. Increased Market Volatility: Elections often lead to heightened financial market volatility as investors react to the potential for policy changes. Indicators like the VIX index, known as the “fear index,” frequently spike during election periods, reflecting increased uncertainty about future financial conditions ​(KPMG).
  2. Economic Policy Uncertainty: Election periods can drive significant increases in economic policy uncertainty, which affects corporate business and investment decisions. Historically, U.S. policy uncertainty has been highest during election years, particularly in closely fought or highly polarized races. This uncertainty can lead to delayed business decisions as treasurers and executives wait for clearer policy signals ​(KPMG).
  3. Liquidity and Risk Management: To manage the risks associated with potential economic disruptions, treasurers are likely to focus on maintaining strong liquidity positions and refining their risk management frameworks. This involves close monitoring of cash flows, enhancing liquidity buffers, and stress-testing financial models against various election outcomes and their potential impacts on interest rates, currency fluctuations, and commodity prices​ (Chatham Financial, CTMfile).
  4. Scenario Planning and Strategic Flexibility: Treasurers are increasingly relying on scenario planning to anticipate and prepare for a range of possible election outcomes. By modeling potential policy changes, such as adjustments in corporate tax rates or new regulatory measures, treasurers can better position their organizations to respond effectively to shifts in the economic landscape ​(Citi).

Preparing for Election-Related Uncertainty

To navigate the complexities of the U.S. election period, corporate treasurers should consider the following strategies:

  • Stay Informed: Regularly monitor key economic indicators, policy developments, and market trends to stay ahead of potential changes that could impact financial strategies.
  • Engage Stakeholders: Ensure open communication with senior management and stakeholders, providing regular updates on potential risks and aligning on strategic responses.
  • Adopt Proactive Planning: Utilize scenario planning, stress testing, and advanced analytics to prepare for a variety of potential outcomes, enabling the organization to remain agile and resilient amid uncertainties.

By staying informed and adopting a proactive approach, corporate treasurers can effectively manage the challenges of the U.S. election period, ensuring that their organizations are prepared for whatever outcomes may arise.

This information should not be relied upon as research, investment or financial advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Investing involves risks, including possible loss of principal. The information does not purport to provide any legal, tax or accounting advice.

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CNote | Investor Contributions
By CDFIs, CNote, Migration V1

Unlocking Investor Contribution: How CDFIs Can Enhance Impact Through Capital Deployment

The CDFI industry has grown significantly in the past decade, in both the number of CDFIs and the capital providers helping supply the industry with crucial lending capital. For CDFIs and capital providers, scarce resources require them to consider investment decisions carefully. Determining investor contribution can help CDFIs and capital providers target their capital most effectively. To support this work, CNote recently partnered with Impact Frontiers in an Investor Contribution Pilot to help CDFIs and Capital Providers understand the less familiar concept of investor contribution and test simple tools to assess investor contribution as part of lending decisions.

CNote | Investor Contributions
What is Investor Contribution?

What is Investor Contribution? Impact Frontiers “Investor Contribution Toolkit for CDFIs and their Capital Providers” defines it as “investor actions that cause or are expected to cause a change in outcomes for end-stakeholders and/or the natural environment that would not have likely occurred in the absence of those actions.”

CNote was thrilled to have several of our community financial institution partners, including CDFI banks and credit unions, as well as CDFI loan funds, participate in the Impact Frontiers pilot alongside CNote, demonstrating their commitment to continuous learning.

As Maryanne Sorese, the Impact Measurement and Compliance Officer with Leviticus Fund noted

“We want to move beyond our current more reactive posture of collecting output data to meet compliance reporting obligations, and toward a more proactive position of identifying the kind of data that can inform our lending program development and alignment with Leviticus’ mission and values.”

And Kathleen Clark, VP/Chief Strategy Officer with Alternatives Federal Credit Union indicated that their initial interest in the pilot stemmed from its overlap with AFCU’s efforts to ensure the consistency and integrity of their data and emphasized the value of peer learning in the pilot,

”By connecting with peers and building on shared ideas through the pilot, we made progress much faster than we would have if we had tried to develop a program independently.”

Impact Frontiers Investor Contribution Pilot

Participating institutions reviewed tools developed by Impact Frontiers for understanding and assessing investor contribution. Separate tools were developed for CDFIs as well as their capital providers. Pilot participants then tested different investor contribution measurement approaches and shared in peer learning sessions about their process, reflections, and recommendations. Impact Frontiers incorporated the feedback and recommendations into an Investor Contribution Toolkit, which is due for release this year on the Impact Frontiers Website.

As Erica Quin-Easter, Genesis Fund’s Director of Lending noted,

“The Impact Frontiers conversations have been helpful in highlighting how we can best communicate the impact of our flexible financing and the specific roles CDFIs play, focusing not only on beneficiaries but on the borrowers themselves (e.g. building organizational capacity, providing financing opportunities they would not otherwise be able to access from other sources, and making projects possible that would not work without Genesis involvement).”

Leviticus Fund also noted that drilling down into the factors that affect the outcomes of lending was an important learning from the pilot. As Sorese explained,

“The “but for” is not always so clear. We pride ourselves on the flexibility of our lending terms and pass along the value of awarded grants in the form of lower interest rates when possible and pro-bono legal services that help lower costs for our borrowers, but we need to track this more to see if our objectives align with reality.”

Now What?

Pilot participants reported an array of next steps they were taking after the Investor Contribution pilot wrapped up:

  • Alternatives Federal Credit Union will build on the impact assessment process developed during the pilot program by incorporating feedback from front-line staff to streamline their contributions, enabling Alternatives to scale the process across all lending departments.
  • Genesis Fund will be focusing on how they document and communicate the contributions they make to their borrowers.
  • Locus Bank has joined Impact Frontiers Strengthening Impact Management cohort and is revising their internal impact assessment tool to include investor contribution factors.
  • Leviticus Fund is reviewing their internal assessment screening tool to consider how to factor investor contribution in and is exploring different scenarios to gather investor contribution data as part of their lending process.

The delicate balance of learning and reporting burden

And with all learning and research agendas in the CDFI space, it’s crucial to think about how to balance learning questions with the data and reporting burden put on CDFIs and their borrowers. Maryann Sorese has excellent guidance for navigating this tension.

“Set your IM framework to your own organization’s capacity and make sure the data you are collecting aligns with your mission and organization’s values. Is it “nice to know” or “need to know’ data”? Go with the latter.”

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By CNote, Financial Planning, Migration V1

Navigating Risk and Opportunity: Why Sustainable Investment Funds Offer a Safe Haven in a Volatile Market

In today’s ever-changing financial landscape, individual investors actively seek ways to shield their portfolios from market volatility. With mounting concerns about inflation and geopolitical instability, the factors fueling market uncertainty are multifaceted and far-reaching. While traditional investment strategies may expose investors to these shifts, sustainable investment funds confidently offer a robust alternative that delivers both stability and growth potential.

The Stability of Sustainable Investment Funds

Sustainable investment funds, which focus on businesses and projects that prioritize long-term positive impact, have consistently proven more resilient during periods of market turbulence. This resilience stems from their emphasis on sectors that are positioned for steady growth, such as renewable energy, clean technology, and essential services like healthcare and education. These industries are often less susceptible to short-term economic shocks and more likely to thrive as global demand for sustainable solutions continues to rise.

According to research by Morningstar, sustainable funds outperformed traditional equity funds during the market downturn in early 2020, with 70% of sustainable equity funds ranking in the top half of their respective categories. This demonstrates that sustainable investment funds not only withstand volatility but can also offer competitive returns when compared to conventional investments.

Learn more about Why Accredited Investors Should Consider Sustainable Investing

Tapping Into Long-Term Growth Sectors

The growth prospects for sustainable investment funds are closely tied to long-term global trends. One key driver is the accelerating transition to a low-carbon economy. As more countries and companies commit to reducing carbon emissions, investments in renewable energy and clean technology are expected to increase. The International Energy Agency (IEA) predicts that the renewable energy sector will grow by 50% between 2019 and 2024, creating significant opportunities for investors to participate in this expansion (IEA report).

Another factor contributing to the growth of sustainable investment funds is the increasing emphasis on solutions that address societal challenges. For example, the rise of affordable housing, and small business development as focal points for sustainable investments is creating both social impact, and financial returns. These sectors, essential for driving inclusive economic growth, present long-term opportunities for investors who seek to align their portfolios with industries that foster positive change while delivering returns.

Read more about What’s Behind the Growth of Impact Investing

Mitigating Risk in a Volatile Market

In addition to their growth potential, sustainable investment funds offer a layer of protection against certain market risks. Funds that invest in renewable energy, for example, avoid exposure to industries that may be at risk from future regulatory changes, or economic shifts, such as fossil fuels. By focusing on sectors that are aligned with future economic trends, sustainable investment funds allow individual investors to reduce their exposure to high-risk industries, offering a safer path forward in uncertain times.

Moreover, sustainable investment funds tend to emphasize sectors that are inherently more stable, such as healthcare and infrastructure, which are often essential regardless of broader economic conditions. This focus on essential services helps provide more consistent returns over time, even when traditional markets experience downturns.

Learn more about What Is Investment Risk & How Does It Impact Your Investment Planning?

The Case for Sustainable Investment Funds

For individual investors looking to navigate a volatile market, sustainable investment funds offer a compelling combination of risk mitigation and opportunity for growth. By focusing on sectors that are positioned for long-term expansion, these funds provide a hedge against market uncertainty while offering the potential for strong financial returns.

Incorporating sustainable investment funds into a well-diversified portfolio can help individual investors achieve both stability and growth. As market volatility continues to be a defining feature of the financial landscape, sustainable funds offer a forward-thinking approach to wealth management, protecting against risk while tapping into the industries shaping the future.

Disclosure: This information should not be relied upon as research, investment or financial advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Investing involves risks, including possible loss of principal. The information does not purport to provide any legal, tax or accounting advice.

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CNOTE-How-to-Choose-the-Right-CNote-Solution-for-you
By CNote, Financial Planning, Migration V1

What Is the Right CNote Financial Solution For You?

When it comes to aligning your financial goals with your values, CNote offers a variety of Solutions* to fit different needs. Whether you’re seeking liquidity, low-risk cash management, or are comfortable with a longer-term fixed-income investment, there’s a CNote solution designed for you. 

CNOTE-How-to-Choose-the-Right-CNote-Solution-for-youUnderstand Your Financial Goals

Before deciding on a CNote product, it’s important to clarify your financial goals and consult with a financial adviser or investment professional to determine whether or not the CNote platform makes sense for you.  CNote is not a legal, financial, accounting or tax advisor. Are you looking for stable returns with liquidity through cash management tools, or are you open to committing your capital to long-term investments; both while aligning your values with your investment? CNote offers two primary categories of solutions to help you meet your objectives:

  • Cash Management Solutions*
    • Designed for clients seeking liquidity and low-risk returns.
    • Funds are deposited into FDIC or NCUA-insured accounts.
    • Best for corporate clients and individuals with short-term cash management needs or those who prefer high security and steady returns.
  • Fixed-Income Investments*
    • Ideal for clients comfortable with longer-term investments.
    • These funds can provide competitive returns while supporting CDFIs that drive social impact in underserved communities.
    • Great for those seeking to support affordable housing, small business growth, or other mission-driven initiatives with the potential for strong returns.
    • Returns are not guaranteed, and all investing includes risk. 

Assess Your Risk Tolerance

CNote’s Solutions* are designed to minimize risk, but different products offer varying levels of security:

  • Low-Risk Options*
    If safety is your top priority, CNote’s Impact Cash solution is an ideal fit. It offers insured deposits backed by FDIC or NCUA coverage, ensuring that your principal remains protected while earning steady returns.
  • Investment Risk Options*
    If you’re willing to take on investment risk in exchange for the potential of a fixed return, CNote’s Fixed-Income Investments provide an opportunity to support impactful causes with a longer-term commitment. These investments support mission-driven financial institutions that make loans to underserved communities, creating a positive social and environmental impact.

Consider Your Investment Horizon

  • Short-Term Needs
    If you require immediate or regular access to your funds, CNote’s Cash Management solutions are designed with liquidity in mind. You can deploy your capital into insured accounts, giving you flexibility while still earning a return.
  • Long-Term Impact
    For those focused on generating long-term impact, CNote’s Fixed-Income Offerings are a better fit. These funds have a longer investment horizon but offer the potential for fixed returns as they directly support community development projects like affordable housing and minority-owned businesses.

Define the Social Impact You Want to Drive

CNote’s mission is rooted in driving measurable impact in underserved communities. Consider the type of impact you want to contribute to when choosing a solution:

  • Economic Development & Financial Inclusion
    If your focus is on driving local economic growth, CNote’s Impact Cash® solutions allow your deposits to support mission-driven financial institutions, such as community banks and credit unions, which support small businesses and job creation.
  • Affordable Housing & Small Business Growth
    If you want to support projects that uplift underserved communities, the Flagship Fund might be the right option. This Flagship Fund investments focus on projects like affordable housing and small business growth, helping drive long-term positive change in local economies.
  • Empowering Women Entrepreneurs
    If you’re passionate about advancing gender and racial equality through providing access to capital and lending for women-owned businesses, CNote’s Wisdom Fund is a powerful tool. This investment directs capital to women-led small businesses, especially those owned by women of color, creating an avenue for financial inclusion and entrepreneurial growth in underserved communities. By investing in the Wisdom Fund, you directly contribute to closing the capital gap faced by women entrepreneurs.
  • Supporting Climate Initiatives
    If your goal is to invest in initiatives that combat climate change, CNote’s Climate Cash™ solution allows your deposits to flow into mission-driven financial institutions working on sustainable projects. This is perfect for those wanting to support environmental initiatives while still seeking low-risk returns.

CNote | Social Impact

CNote Solutions*: A Breakdown

Impact Cash®

  • Who It’s For: Clients looking for insured, low-risk returns with liquidity.
  • Key Benefits: FDIC and NCUA-insured deposits, measurable community impact, and easy access to funds.
  • Perfect For: Corporate clients and individuals with cash reserves who want to contribute to local economic growth while ensuring security.

Climate Cash™

  • Who It’s For: Clients who want to support environmental sustainability while earning a safe return.
  • Key Benefits: FDIC and NCUA-insured deposits, support climate-friendly projects through mission-driven financial institutions.
  • Perfect For: Investors and corporations committed to climate action and seeking low-risk cash management.

Flagship Fund

  • Who It’s For: Clients comfortable with a longer commitment and seeking competitive returns.
  • Key Benefits: Invests in a diversified portfolio of CDFI loan funds, and supports affordable housing and economic development.
  • Perfect For: Those looking to support impactful community development projects.

Wisdom Fund

  • Who It’s For: Clients committed to advancing gender and racial equality through providing access to capital and lending for women-owned businesses.
  • Key Benefits: Provides capital to women-led small businesses, focuses on lending to women of color and underserved communities, and competitive returns.
  • Perfect For: Investors passionate about empowering women entrepreneurs and addressing racial inequality in financial access.

Learn more about CNote’s Financial Solutions* here. 

Conclusion

Choosing the right CNote Solution depends on your financial goals, risk tolerance, and the type of social impact you want to drive. Consult with a financial adviser or investment professional to determine whether or not the CNote platform makes sense for you. Whether you’re looking for a safe, low-risk option with immediate liquidity, want to support climate-friendly projects, or are ready to commit to a longer-term investment to create lasting change, CNote makes it easy to align your values with your financial decisions. Explore the different solutions and see how your dollars can make a difference while achieving your goals.

 

 

* Returns are not guaranteed. CNote Group, Inc. (“CNote”) is not a bank, a credit union, or any other type of financial institution. CNote is not a registered investment advisor with the Securities and Exchange Commission (SEC) or a broker-dealer authorized by the Financial Industry Regulatory Authority (FINRA). CNote is not a legal, financial, accounting or tax advisor. We encourage you to consult with a financial adviser or investment professional to determine whether or not the CNote platform makes sense for you. Information provided herein is for educational purposes only and is not tailored for any individual investor or client. It should not be relied upon as financial or investment advice. Any projected returns are illustrative, based on interest rates offered currently or in the past, which may be subject to change, and may not reflect the ultimate rate of return for any particular investor or client. Past performance is no guarantee of future results, and future returns may vary. Flagship Fund and Wisdom Fund: CNote offers unregistered securities consisting of various promissory notes (“Notes”) to eligible investors pursuant to Regulation A and Regulation D under the Securities Act of 1933, as amended. For more information on risks related to investing in our Flagship Fund Notes, for unaccredited investors please see our latest Flagship Fund Offering Circular as filed with and qualified by the SEC. For accredited investors please see our latest Flagship Fund Private Placement Memorandum Neither the SEC nor any state securities regulator has passed upon or endorsed the merits of any investment in CNote’s offerings. Investments in our Notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), or any other governmental agency. Investing in our Notes involves risk of loss, including the principal invested. CNote does not negotiate Impact Cash® and Climate Cash™ interest rates. Impact Cash is not a security or investment. Impact Cash® and Climate Cash™ deposits are insured by the FDIC or NCUA, subject to the terms and conditions of the Impact Cash® agreements. Impact Cash and Climate Cash: Impact Cash is not a security or investment. Impact Cash® and Climate Cash™ deposits are insured by the FDIC or NCUA, subject to the terms and conditions of the Impact Cash® agreements. CNote does not negotiate interest rates.

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By Borrower Stories, CDFIs, CNote, Migration V1

The Story of Jeff Trudeau and Concrete Washout Solutions

In 2012, Jeff Trudeau, a seasoned concrete truck operator, saw a growing environmental crisis within the industry he knew so well. Every day, concrete trucks across New England faced a major problem: the improper disposal of washout water. This water, laced with concrete particles and possessing a dangerously high pH, posed a significant environmental threat, its acidic nature comparable to drain cleaner. The potential harm to local waterways and ecosystems was alarming. However, few in the industry seemed to recognize this looming danger—except for Jeff.

Determined to find a solution, Jeff took matters into his own hands. He traveled across the country, visiting businesses in California, Florida, and New Jersey that had found ways to separate the harmful concrete particles from the water, allowing clean water to be safely discharged on-site. It was a brilliant idea—but it wasn’t being implemented in New England. Jeff saw an opportunity not just to address an environmental hazard but to create a business that could make a meaningful impact.

With a clear vision and a well-researched plan, Concrete Washout Solutions of New England was born. Jeff meticulously developed a business plan, forecasting growth and detailing how his services would protect New England’s waterways. However, when he approached banks for funding, many dismissed his idea, unable to grasp its full potential. Some banks estimated his annual sales at only $250,000, a far cry from what Jeff knew he could achieve.

A Vision Backed by Millbury National Bank

When Jeff approached Millbury National Bank, a woman-led community bank focused on supporting small businesses in Massachusetts, he found the support he was looking for. Unlike other financial institutions that doubted his projections, Millbury National Bank saw the environmental and business value of Concrete Washout Solutions of New England. They believed in Jeff’s vision and provided him with a $347,000 startup loan and a $30,000 working line of credit. But their support didn’t end there.

Millbury National Bank offered guidance beyond just financing. From helping Jeff manage deposits to navigating online banking and setting up checking services, they ensured he had the tools and knowledge to succeed. They became more than a bank; they became Jeff’s partner in building a sustainable, impactful business.

Over the past 12 years, Millbury National Bank’s belief in Jeff’s mission has proven to be well-placed. His business has grown exponentially, expanding its operations with additional vehicles, roll-off containers, and excavators. By 2022, Concrete Washout Solutions of New England had doubled its sales, with Jeff successfully repaying all his loans. Through determination and savvy, Jeff built a thriving enterprise that remains the only company in the region offering this crucial service to protect local waterways.

Today, even when Jeff can afford to pay cash for his business needs, he still turns to Millbury National Bank. Their ongoing support and belief in his vision have made them his first call when new opportunities or challenges arise.

CNote’s Impact Cash®: Supporting Banks Like Millbury National to Drive Innovation

Jeff Trudeau’s story is a powerful example of what can happen when local banks like Millbury National take a chance on innovative, impactful ideas. At CNote, we believe in empowering mission-driven financial institutions like Millbury National to continue driving change in their communities. Through CNote’s Impact Cash® program*, corporate clients can deposit their funds into community banks and credit unions, allowing these institutions to make loans to entrepreneurs like Jeff, whose businesses deliver both financial returns and environmental impact.

When clients choose CNote’s Impact Cash®, they’re not just parking their money—they’re fueling growth for small businesses and contributing to local economic sustainability. With 100% FDIC and NCUA insurance for peace of mind, Impact Cash® helps ensure that entrepreneurs like Jeff get the support they need to build a better, greener future for all.

By choosing CNote, you’re helping to fund stories like Jeff Trudeau’s—where innovation, community support, and environmental sustainability intersect to make a lasting impact.

*CNote Group, Inc. is not a bank, a credit union, or any other type of financial institution. CNote is not a registered investment advisor with the Securities and Exchange Commission (SEC) or a broker-dealer authorized by the Financial Industry Regulatory Authority (FINRA). CNote is not a legal, financial, accounting or tax advisor. CNote does not negotiate interest rates. Impact Cash is not a security or investment. Impact Cash® deposits are insured by the FDIC or NCUA, subject to the terms and conditions of the Impact Cash® agreements. We encourage you to consult with a financial adviser or investment professional to determine whether or not the CNote platform makes sense for you.This information should not be relied upon as research, investment or financial advice. This material is strictly for illustrative, educational, or informational purposes and is subject to change.

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CNote | Community Banks
By CNote, Migration V1

How Corporate Treasurers Can Approach Cash Management Solutions

Corporate treasurers play a vital role in managing a company’s cash holdings, ensuring that deposits are secure, accessible, and positioned to generate returns. In today’s economic landscape, the need for secure, impact-aligned deposit strategies is more pressing than ever. Treasurers often face the challenge of balancing capital preservation, liquidity, and return—while also fulfilling corporate mandates related to sustainability and impact.

Depositing funds in community banks offers treasurers a unique opportunity to achieve these financial objectives while contributing to local economic growth, and helping meet their company’s corporate mandates.

 

CNote | Community Banks

Preservation of Capital


Capital preservation is fundamental for corporate treasurers, especially when dealing with large cash balances that need to remain secure. Deposits with community banks present a safe and stable option for preserving capital due to the conservative lending practices and strong capitalization of these institutions. Community banks have long been regarded as prudent lenders, focusing on sustainable growth and minimizing exposure to riskier assets (FDIC Community Banking Study, 2020).

Additionally, deposits in community banks are protected by FDIC (Federal Deposit Insurance Corporation) and NCUA (National Credit Union Administration) insurance, covering up to $250,000 per depositor, per institution. These insurance programs ensure that corporate treasurers can safeguard their cash deposits with minimal risk, offering a layer of protection that supports their capital preservation goals.

Liquidity


Liquidity is crucial for corporate treasurers to meet short-term obligations and capitalize on business opportunities. Community banks provide a range of flexible deposit options, such as certificates of deposit (CDs), savings accounts, and money market accounts, that align with corporate treasury needs. These deposit vehicles provide security up to $250K as well as maintain the liquidity treasurers require for day-to-day operations.

For example, short-term CDs from community banks offer competitive rates while ensuring that treasurers can access their funds as needed, depending on the chosen terms. This flexibility allows treasurers to strike the right balance between liquidity and earning a return on their deposits.

Read more about Why Next-Day Liquidity Has Become the Common Currency

 

Return


While ensuring capital preservation and liquidity, corporate treasurers must also find ways to generate returns on cash. Community banks often provide competitive interest rates through deposit products tailored to meet the needs of businesses. Importantly, by working with community banks, treasurers can also meet corporate mandates related to sustainability and impact.

Deposits in community banks can help companies align their cash management strategies with broader corporate sustainability goals. Many organizations today have mandates focused on supporting social responsibility, and impact. Community banks play a crucial role in driving local economic growth, supporting affordable housing, and enabling small business development, which directly ties into these corporate mandates. In this way, community bank deposits can fulfill both financial and corporate responsibility objectives.

Read more about How Treasurers Can Lead Their Company’s Impact Investing 

How CNote Supports Corporate Treasurers with Impact Cash® Solutions


CNote offers corporate treasurers a streamlined way to integrate impact-aligned deposits into their cash management strategies. Through CNote’s Impact Cash® solution*, treasurers gain access to a vetted network of CDFIs (Community Development Financial Institutions) that are proven to drive meaningful impact in underserved communities. These mission-driven institutions fund initiatives like affordable housing, small business growth, and financial inclusion—providing treasurers with a trusted way to meet both capital preservation and liquidity goals, while contributing to local economic growth and helping reach their corporate mandates.

CNote simplifies the process by vetting these CDFIs and making it easy for corporate treasurers to open FDIC and NCUA insured accounts with them. Treasurers save valuable time by leveraging CNote’s network and streamlined deposit process, eliminating the need to conduct lengthy research.

Read more about Corporate Treasurers Get Serious About Shifting Cash to Communities

How Impact Cash® Works


CNote’s Impact Cash® solution allows treasurers to deposit funds with CDFIs that focus on empowering financially underserved communities. CNote places deposits in FDIC and NCUA insured accounts at these CDFIs, which then use the capital to support local projects such as small business loans, affordable housing, and community revitalization efforts.

For corporate treasurers, this approach offers a dual benefit: they can preserve capital, maintain liquidity, and generate returns, while, in turn, helping their company meet corporate mandates that benefit local economies and sustainability goals. CNote provides detailed reporting on the social and economic impact of these deposits, giving treasurers insight into how their deposits are driving positive outcomes while supporting their broader corporate objectives.

Impact Story: Norma Fralin and Responsible Rides

 

How Corporate Treasurers Can Approach Cash Management Solutions

A prime example of the impact generated through CNote’s network is Norma Fralin, who benefited from Freedom First Credit Union, part of CNote’s Impact Cash® Program. Freedom First helped Norma through its ‘Responsible Rides’ program, financing the purchase of a vehicle that allowed her to maintain her employment. This initiative not only helped Norma but also contributed to local economic stability—demonstrating how CNote’s Impact Cash® deposits can create real, positive change while supporting corporate treasurers in meeting their impact mandates.

Learn more about Norma Fralin’s story 

Conclusion


Community banks provide corporate treasurers with a secure, reliable way to preserve capital, ensure liquidity, and earn competitive returns, all while contributing to local economic growth and helping meet their corporate mandates. Through CNote’s Impact Cash®* solution, treasurers can streamline this process and confidently deposit funds into FDIC and NCUA insured accounts that drive meaningful community impact.

To learn more about how CNote can help you align your cash management strategy with impact and corporate sustainability goals, explore how Impact Cash® can be a part of your broader treasury approach.

 

*CNote Group, Inc. is not a bank, a credit union, or any other type of financial institution. CNote is not a registered investment advisor with the Securities and Exchange Commission (SEC) or a broker-dealer authorized by the Financial Industry Regulatory Authority (FINRA). CNote is not a legal, financial, accounting or tax advisor. CNote does not negotiate interest rates. Impact Cash is not a security or investment. Impact Cash® deposits are insured by the FDIC or NCUA, subject to the terms and conditions of the Impact Cash® agreements. We encourage you to consult with a financial adviser or investment professional to determine whether or not the CNote platform makes sense for you.This information should not be relied upon as research, investment or financial advice. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Any projected returns are illustrative, based on interest rates offered currently or in the past, which may be subject to change at any time, and may not reflect the ultimate rate of return. Past performance is no guarantee of future results, and future returns may vary.

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By Community Partners, Migration V1

Meet Clean Energy Credit Union, The Member-Owned Cooperative Making It Easier For Everyone To Access Affordable Green Lending

Like the majority of people, Nicole Burford sometimes feels weighed down by the challenges presented by climate change. But as someone who’s long been passionate about environmental protection and sustainability, Nicole has found a way to keep her chin up. 

“When we think about what we can control as an individual,” she said, “we can make sure our money aligns with our values, and we can control many of the things in our homes. People have more power than they think.”

Nicole puts those beliefs into practice each and every day at Clean Energy Credit Union, where she’s the vice president of market development and sustainability. Clean Energy Credit Union is a fully online credit union based out of Colorado that was founded by a group of self-proclaimed clean energy geeks in 2017 to fill a gap in the marketplace; while clean energy technologies were expanding, they felt it was too difficult for most people to find affordable financing to take advantage of those emerging green opportunities. In other words, the credit union’s founders wanted to help make it easier for everyone to participate in the clean energy movement. 

The member-owned cooperative deployed its first loan in 2018. Since then, Clean Energy Credit Union has financed over $250 million in green projects, offsetting nearly a million pounds of carbon dioxide in the process. While each and every one of those loan dollars funds clean energy or energy-efficiency projects, Clean Energy Credit Union’s definition of “clean energy” has evolved over time. 

While a large portion of Clean Energy Credit Union’s portfolio is solar financing, they’ve evolved their financing solutions to help remove obstacles that might prevent homeowners from going solar. This includes incorporating costs like tree removal and new roofing into the solar loan itself, reducing the need for borrowers to take out multiple loans. “Clean energy shouldn’t have to be a luxury,” Nicole said. “We don’t want people to have to take out multiple loans or drain their bank account to have solar on their house. Our goal really is to help people do this more effectively and to make clean energy accessible to more individuals throughout the country.”

Clean Energy Credit Union also offers green home improvement loans. Today, U.S. homes make up approximately 21% of the total energy usage in the country. Therefore, according to Nicole, home improvement loans stand to both reduce energy consumption and increase homeowners’ savings. That’s why the credit union deploys fixed-rate loans ranging from $1,000 to $50,000 for projects like energy efficient water heaters and appliances, air-source heat pumps, LED lighting, weatherproofing installation, battery systems, and much more. Clean Energy Credit Union also has a robust geothermal heat pump system loan program, which helps borrowers to make their homes more energy efficient while swapping their fluctuating energy bill for a lower, fixed loan payment instead. 

Beyond residential clean energy loans, Clean Energy Credit Union also offers electric vehicle (EV) and plug-in hybrid vehicle loans, as well as electric bicycle (e-bike) loans. According to Nicole, the latter came about thanks to feedback from members, and partners.

Mission Aligned Membership

When Nicole refers to Clean Energy Credit Union’s “partners,” she’s not only talking about service providers and clean energy installers, but she’s also talking about the credit union’s 23 field of membership partners. Clean Energy Credit Union is unique in the sense that unlike how many other credit unions memberships are tied to specific guilds, employers, or geography, Clean Energy Credit Union’s field of membership includes a variety of mission-aligned organizations focused on clean energy, environmental protection, and diversity. Therefore, members of any of those 23 organizations are eligible to join the credit union. Those field of membership partners include groups like Solar United Neighbors, American Solar Energy Society, and EVHybridNoire. “We’re very fortunate that there are a lot of like-minded individuals and organizations that believe in what we’re doing and want to be a part of it,” said Nicole.

In support of their work making clean energy more accessible, Clean Energy Credit Union recently became a CNote Climate Cash™ partner. Climate Cash™ is the industry’s first 100% Carbon Positive deposit solution, enabling corporations to enjoy FDIC or NCUA insurance and competitive returns while contributing to carbon-reduction lending activities. Climate Cash™ enables corporations to deploy cash in the form of deposits into a network of mission-driven banks and credit unions like Clean Energy Credit Union to combat climate change. Importantly, participating corporations can monitor, administer, and report their Climate Cash™ through a single interface.

Looking to the future, Nicole says that Clean Energy Credit Union wants to continue to remain at the forefront of green financing and to expand its loan offerings. For example, one new loan program that the credit union is investing in is called Clean Energy for All, which aims to increase access to affordable clean energy loans for Black, Indigenous, and other People of Color (BIPOC), as well as for low-income individuals and those who have faced credit challenges, systemic racism, economic injustice, and/or other forms of injustice. Specifically, the loan program offers borrowers a 0.50%+ rate discount on all of the credit union’s loan types. 

Since its launch, Clean Energy Credit Union has deployed $1.2 million through its Clean Energy for All loan program: a number that Nicole and her team plan to grow, whether that be through grant dollars, deposits, or another way, with the help of the credit union’s partners. She’s also hopeful that one day, the credit union can work with its partners to increase the rate discount . “We recognize that 50 basis points isn’t going to be what makes someone able to afford solar, but it’s a step in the right direction” she said. “We’ve gotten the program off the ground, and now it’s time for us to expand it, to get more organizations involved, and hopefully to make a bigger impact in these communities that really want to invest in clean energy, but struggle to do so.” 

As new challenges arise in the climate landscape and more consumers embrace the green economy, Clean Energy Credit Union will continue to be a steadfast partner. Their work in making solar installations, energy-efficient home upgrades, and EV and bike loans affordable is not just incremental progress but a sustainable approach to chipping away at the larger problem. We try really hard to keep up with what is going on in the industry and to listen to our members,” Nicole says. “People might not feel like they’re making that big of a difference, but collectively, our loan dollars are having a huge impact on the environment.”

Learn More:

  • Climate Cash™ is the industry’s first 100% Carbon Positive deposit solution, enabling corporations to enjoy FDIC or NCUA insurance and competitive returns while contributing to carbon-reduction lending activities.
  • Clean Energy Credit Union is a federally chartered, low-income designated, not-for-profit financial cooperative that provides affordable loans for solar energy systems, electric vehicles, and other clean energy technologies, helping members across the U.S. finance their transition to renewable energy.
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By CNote, Impact Investing, Migration V1

What is CNote? Where Your Financial Goals Meet Your Values

What is CNote? Where Your Financial Goals Meet Your Values

In today’s world, more and more people want to grow their money while also making a positive impact. CNote is a platform that makes it easy for clients to align their financial goals with their values by offering seamless financial products through two primary categories: fixed-income investments and cash management solutions. But how does CNote help clients put their values where their dollars are? Let’s dive into the details.

The CNote Platform: Connecting Capital to Communities

CNote is not a bank, a money market fund, or a treasury management system. CNote is a financial tech company that connects clients’ capital with mission-driven financial institutions focused on supporting underserved communities. CNote enables clients to deploy their capital to create real impact, whether through cash management solutions or fixed-income investments.

CNote bridges the gap between clients with cash on hand and communities in need of capital, offering flexible and impactful ways to make a difference.

Cash Management Solutions: Impact Cash® and Climate Cash™ 

CNote’s cash management solutions, including Impact Cash® and Climate Cash™, provide FDIC/NCUA insured options for clients seeking both safety and social responsibility. These solutions are designed for people who want a competitive yield, need liquidity, and prefer low-risk cash solutions. With Impact Cash, deposits are placed with mission-driven financial institutions such as CDFI banks, credit unions, and community banks. These institutions focus on providing services to underserved communities, supporting affordable housing, small business growth, and more while ensuring liquidity and capital preservation.

For clients looking to support environmental initiatives, Climate Cash focuses on directing funds to institutions that prioritize sustainability efforts, helping combat climate change through responsible banking practices. Both products allow clients to maintain liquidity and safety while knowing their deposits are making a tangible impact in the world.

Fixed-Income Offerings: Flagship Fund and Wisdom Fund

For clients interested in longer-term commitments, CNote’s fixed-income investments, including the Flagship Fund and the Wisdom Fund, provide diversified ways to create deep community impact. These products are ideal for people who want a competitive return and are comfortable with a longer investment horizon. They involve loans made to CDFI loan funds, which finance critical initiatives like affordable housing, small business development, and women-led ventures.

The Flagship Fund provides the potential for consistent returns while helping underserved communities grow economically through various community development projects.

The Wisdom Fund supports women entrepreneurs by providing capital to help them launch or grow their businesses, fostering economic empowerment and gender equity.

Both of these fixed-income investments allow clients to generate meaningful social impact with the potential to achieve competitive financial returns.

Why Choose CNote?

So, why choose CNote? CNote makes impact investing easy by offering access to a wide range of vetted CDFIs, impact measurement tools, a secure platform, and innovative financial solutions. With financial products forged at the intersection of technology, financial innovation, and social conscience, CNote empowers clients to make a meaningful difference while aligning with their financial goals.

Whether through cash management solutions like Impact Cash and Climate Cash or fixed-income investments like the Flagship and Wisdom Funds, CNote is designed to align your financial goals with your values—helping you invest in both your future and the future of underserved communities.

Disclosures: Returns are not guaranteed. CNote Group, Inc. (“CNote”) is not a bank, a credit union, or any other type of financial institution. C Note is not a registered investment advisor with the Securities and Exchange Commission (SEC) or a broker-dealer authorized by the Financial Industry Regulatory Authority (FINRA). CNote is not a legal, financial, accounting or tax advisor. CNote offers unregistered securities consisting of various promissory notes (“Notes”) to eligible investors pursuant to Regulation A and Regulation D under the Securities Act of 1933, as amended. For more information on risks related to investing in our Flagship Fund Notes, for unaccredited investors please see our latest Flagship Fund Offering Circular as filed with and qualified by the SEC. For accredited investors please see our latest Flagship Fund Private Placement Memorandum Neither the SEC nor any state securities regulator has passed upon or endorsed the merits of any investment in CNote’s offerings. Investments in our Notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), or any other governmental agency. Investing in our Notes involves risk of loss, including the principal invested. We encourage you to consult with a financial adviser or investment professional to determine whether or not the CNote platform makes sense for you. Information provided herein is for educational purposes only and is not tailored for any individual investor or client. It should not be relied upon as financial or investment advice. Any projected returns are illustrative, based on interest rates offered currently or in the past, which may be subject to change, and may not reflect the ultimate rate of return for any particular investor or client. Past performance is no guarantee of future results, and future returns may vary.