In today’s environment, managing cash isn’t just about maximizing returns. Institutions are increasingly seeking ways to align idle funds with financial goals while creating meaningful outcomes in local communities. CNote’s Impact Cash® program provides a streamlined path to do just that with full insurance, flexibility, and visibility into how deposits support real-world change.
What Is Impact Cash®?
Impact Cash® is a cash management solution that allows institutions to deploy large cash balances; up to $100 million, across a vetted network of community banks and credit unions. These deposits are fully insured through FDIC or NCUA coverage, offer competitive yields, and support local economies through targeted impact themes and geographies.
Why Institutions Use Impact Cash®
Impact Cash is designed with modern teams in mind. It offers a simplified way to turn cash into a tool for both financial return and positive change.
Key features include:
- Full FDIC and NCUA insurance on all deposits
- Flexible liquidity options, including overnight and term deposit products
- Competitive yields that support a range of cash management strategies
- Streamlined onboarding with built-in KYC and account setup
- Impact visibility through quarterly reports and borrower stories
- No need to manage multiple accounts or coordinate with dozens of institutions
Impact Cash enables organizations to meet operational needs while aligning cash deployment with values and measurable outcomes.
How It Works
Getting started is straightforward:
- Set goals – Share your organization’s liquidity preferences, timeline, and areas of interest for impact.
Deploy funds – CNote opens and administers accounts across its network of mission-driven financial institutions, performing all due diligence and account management. - Track results – Clients receive regular reports detailing where funds are placed, along with insights into how those dollars are being used in the community.
By replacing what would otherwise be a time-intensive, manual process, CNote simplifies access to impact-focused cash management.
What Makes the Impact Possible?
CNote works with a nationwide network of over 2,500 impact-driven community banks and credit unions. These financial institutions have demonstrated consistent financial strength and resilience, often outperforming larger banks during times of economic stress, such as the 2008 financial crisis (From Myths to Opportunity).
Deposits placed through Impact Cash support:
- Affordable housing and neighborhood revitalization
- Access to health services and education
- Local business growth and job creation
- Disaster recovery and climate resilience
- Economic opportunities for underrepresented entrepreneurs
Reporting and Integration
Each quarter, CNote publishes an Impact Cash® report that outlines where client funds have been deployed and what community outcomes they have contributed to. These reports include borrower stories, institutional profiles, and data insights drawn from CNote’s proprietary analytics engine, which sources information from public and private datasets.
For teams using Clearwater Analytics, CNote also offers API integration, delivering quarterly statement files with balances, interest rates, and account information, streamlined directly into your existing systems.
Getting Started
Onboarding is designed to be collaborative and efficient, typically occurring over several weeks. The timeline includes legal review, procurement, impact portfolio design, operational planning, and deployment. For teams looking to pilot the experience, an initial tranche (for example, $2 million) can be used to evaluate the platform and reporting before expanding further.
Final Thoughts
Every dollar on the sidelines represents a missed opportunity not just for financial growth, but for community advancement. CNote’s Impact Cash program makes it easy for institutions to align their cash holdings with impact goals while maintaining security, performance, and control.
If you’re seeking a better way to manage idle cash and contribute to a more inclusive and resilient economy, Impact Cash is built to deliver.
Learn more about Impact Cash here.
Disclosure: Impact Cash® deposits are insured by the FDIC or NCUA, subject to the terms and conditions of the Impact Cash agreements. 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 or a broker-dealer authorized by the Financial Industry Regulatory Authority. CNote is not a legal, financial, accounting or tax advisor. CNote does not negotiate interest rates. Impact Cash deposits are not securities or investments. 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 investment or financial advice. Any projected returns are illustrative, interest rates are set by the depository institutions and are subject to change at any time.
