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Why Deposits Are Crucial Right Now
There is a frightening issue for many community-minded financial institutions across the country and the under-resourced communities they serve: a lack of deposits at their local banks and credit unions. Depository institutions like banks and credit unions take in funds—called deposits—from those with money, pool them, and lend them to those who need funds in…
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Celebrating Women’s History Month: 3 women-led firms changing the financial industry for good
Authored by CNote’s VP of Business Development, Danielle Burns. As we celebrate Women’s History Month here at CNote, it’s important to recognize the vital role that women have played in the financial industry. The financial industry has long been dominated by men, leading to significant gender disparities in pay and leadership positions. A 2020 report…
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New Covenant Dominion Credit Union’s Small Staff Has Big Dreams For The Bronx—And Beyond
Since New Covenant Dominion Credit Union came to life in 2007, Rachel Macarthy has worn many different hats. She served as one of the credit union’s founding board members, and in 2019, she stepped in as the organization’s acting CEO. Despite becoming the permanent CEO in 2021, Rachel has done everything from working as a…
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Leveraging Corporations to Support Community Impact
CNote is proud to share a new case study with Optus Bank: Leveraging Corporations to Support Community Impact. Since 2017, Optus has seen the notoriety for their work skyrocket with a seven-fold growth. These investments allowed Optus to add staff and update its digital presence — allowing them to scale operations to serve more under-resourced…
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Meet Chung H Lee, The Small Business Owner Helping New York Metro’s Graying Residents Age In Place
It was 2014, and Chung was tired of traveling for work. The business consultant’s job required him to travel around the globe, but Chung was tired of sitting in airports and sleeping in hotels. He wanted to work closer to home and be able to spend more time with his kids. Armed with years of…
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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…
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How Opportunities Credit Union Is Setting Up Itself—And Its Community—For Financial Success
From a young age, Kate Laud dreamed about someday being a CEO. At Dartmouth, Kate was an English major who liked numbers, and her father encouraged her to aspire to “run something interesting” one day. Although that advice didn’t narrow down Kate’s list of possible career trajectories, over the years, her ambition to eventually lead…
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Revolutionizing sustainable growth: Black-led financial institutions unleash potential with capital access and financial resources
Authored by CNote’s Director of Due Diligence, Julia Phipps In the U.S. much of how we define success can only be achieved with access to sufficient capital. Pursuing an education, providing security and food for your family, and even employment mobility is often limited by an individual’s capital. Inadequate access to capital continues to be…
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CNote’s Q4 2022 Impact Report
CNote is excited to share our Q4 2022 Impact Report. Our Q4 report features CNote’s exciting firm growth, the impact our mission-driven partners have had in communities, and a deeper look at the Wisdom Fund. Additionally, CNote shares details around some of the events our Director of Impact Evaluation, Tamra Thetford, and our Community Development…
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CNote Has Been Re-certified as a B Corporation™
We’re excited to share that CNote has been re-certified as a B Corporation™, a company that uses the power of business to solve social and environmental problems. This certification shows that CNote meets high standards of verified performance, accountability, and transparency across various areas including employee benefits, charitable giving, supply chain practices, and input materials.…
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Where finance meets impact.