Category: Community Banking
-
How Community Investment Can Make a Positive Difference
Community investment can play a pivotal role in addressing water crises like the one in Jackson, Mississippi. By channeling funds into projects that improve water infrastructure, investors can help ensure that residents have access to safe, clean water. Community Development Financial Institutions (CDFIs) and other impact-focused financial entities are well-positioned to drive these investments, leveraging…
-
Impact Cash® – Making A Difference With Your Dollars
In a world where social and economic inequalities are increasingly visible, there is a growing demand for options that drive positive social change. CNote’s Impact Cash® offers a unique opportunity to support initiatives that empower underserved communities and foster economic inclusion. What is Impact Cash®? Impact Cash® directs funds into Community Development Financial Institutions (CDFIs),…
-
CNote’s Flagship Fund – A Path to Community Impact
Impact investing doesn’t have to be difficult or time-consuming. With CNote, you can quickly become an impact investor on the CNote platform and support under-resourced communities with vital capital for small business growth, affordable housing development, climate adaptation, and more; all while earning 4.00% APY*. The Role of CDFIs Community Development Financial Institution (CDFI) Loan…
-
Resources for LID Credit Unions
What are Low Income Designated Credit Unions Low-Income Designated (LID) credit unions cater to communities predominantly falling within specific low-income thresholds, as determined by Census Bureau data and NCUA regulations. The NCUA specifically describes a credit union that can be designated as low-income when “a majority of the credit union’s potential or actual membership qualifies…
-
Bank on Change: Diversifying Deposits for Financial Stability and Social Impact
In an ever-changing financial landscape, managing assets effectively is a priority for treasury professionals. Balancing risk and reward is crucial, and diversification has become an essential tool for risk mitigation. At the same time, treasurers are increasingly recognized as change agents driving corporate social responsibility. With cutting-edge technology at their fingertips, treasurers can now easily…
-
Innovating pathways to wealth creation for women of color entrepreneurs: a Wisdom Fund update
Co-authored by CNote’s VP of Business Development, Danielle Burns and CNote’s Director of Impact Evaluation, Tamra Thetford. Women of color (WOC) entrepreneurs continue to face intersectional and systemic barriers — such as discrimination, bias, and a lack of networks — that limit their access to capital. Business ownership is a powerful wealth-building tool, and supporting…
-
CNote Closes Series A Investment, Cementing the Women-Led Impact Platform’s Leadership in Closing the U.S. Wealth Gap Through Financial Innovation
CNote Closes Series A Investment, Cementing the Women–Led Impact Platform’s Leadership in Closing the U.S. Wealth Gap Through Financial Innovation September 19, 2022 // Oakland, CA // Building on the momentum of its impact platform—already adopted by corporate leaders including Apple, Mastercard, Netflix and PayPal as a scalable way to address wealth inequality in the…
-
5 Crucial Differences Between CDFIs and Traditional Banks
There are many American communities that are underserved by the traditional banking industry. Low-income and minority communities typically experience the most lack of access to quality financial products and services. According to a 2018 FDIC survey, 22 percent of households are underbanked or unbanked. This means that these individuals have no formal relationship with a…
-
Wealth Inequality: The Secret Cost of Unequal Access to Credit
America, “the land of equal opportunity”, isn’t delivering on its promise for the 90 percent that find themselves on the wrong side of the ever-widening wealth gap. In fact, the United States has a level of wealth inequality between the rich and poor that is larger than any other major developed country. According to the…
-
CNote CEO Catherine Berman Selected for InvestmentNews’ 2020 Icons and Innovators List
The entire CNote team is proud to announce that Cat Berman, our brave and inspiring leader, was selected as one of ten innovators driving change in the financial services industry! Read the full release below. OAKLAND, Calif., February 13, 2020 (Newswire.com) –InvestmentNews has recognized Catherine Berman as a 2020 Icons and Innovators honoree. Catherine was…