NORTHAMPTON, MA / ACCESSWIRE / December 7, 2022 / Community financial institutions (CFIs), such as credit unions and community development banks, are the go-to resource for banking services, loans, and other financial tools in historically underserved communities across the United States.
For companies looking to invest through a social impact lens, CFI is a proven way to make a positive impact. Investing in CFIs represents an opportunity for businesses to create direct economic opportunities and channel funds that can increase financial inclusion in both urban and rural areas, which have long been overlooked.
The decision to invest in and partner with CFI can have many long-term benefits. These banks and credit unions have a long track record of directing funds to underserved communities to help address challenges. Today, CFI collectively manages over $200 billion. These funds will be used locally to create jobs, support small businesses, expand affordable housing, and provide historically underserved populations with opportunities to improve their economic well-being. It’s on loan.
Technology can help deploy these funds faster and to more targeted individuals. For example, the female-led impact investing platform CNote helped transfer corporate investment to her CFIs in underserved communities. CNote’s Impact Cash platform provides easy-to-use and measurable tools to streamline a company’s investments in her one interface.
One of CNote’s most recent partners, the tech company Merck KGaA (Darmstadt, Germany), has invested $20 million in the platform.
Join next week’s live stream event Learn more about how companies are using CFI to deploy social impact investments that make a real difference.
Mary MazzoniSenior editor at TriplePundit, Jeffrey WhitfordMerck KGaA, Darmstadt, Head of Sustainability and Social Business Innovation, Life Sciences Business Unit, Germany, Lenny Connollythe company’s Chief Diversity, Equity & Inclusion Officer, Head of Innovation HR Engagement and CEO of CNote Catherine Berman.
Join us on Wednesday, December 14th at 1pm ET (or watch the recording afterwards) Learn about the benefits of investing in CFI and how other companies can apply this new model to achieve their diversity, equity and inclusion goals. Click here to register for this free webcast.
See additional multimedia and other ESG storytelling from 3BL Media at 3blmedia.com.
Spokesperson: 3BL Media
sauce: 3BL media
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