Invest with CDFIs

  • CDFIs offer deep impact community investing opportunities

  • across a range of themes and geographies in the U.S.

The CDFI Opportunity

With decades of experience, strong local ties, and market-oriented approach to financing, community development financial institutions (CDFIs) are a leading force in impact investing. CDFIs are private financial institutions that are 100% dedicated to delivering responsible, affordable lending to help disinvested people and communities join the economic mainstream. CDFIs deliver social impact investments with near market returns that are closely aligned with impact investors’ values and commitment to improving their communities.

"I always describe CDFIs as low risk. A CDFI note is closer to cash than a private equity investment that you keep for a long time, it's low risk and provides deep social benefit."
–Marguerite Griffin, Northern Trust Philanthropic Advisory Services

Benefits:

  • Access market-based yields. CDFI community investment products meet social impact criteria while delivering yields comparable to traditional fixed income and short-term reserves options.
  • Diversify fixed income portfolios while adding social impact. CDFIs offer fixed income impact investments that can strengthen the risk profile of client portfolios.
  • Choose an impact investing option for short-term liquidity needs. CDFIs offer a social impact option for short-term reserves with yields that compare favorably with traditional cash instruments.
  • Explore CDFI instruments’ attractive risk profiles. CDFIs’ strong underwriting expertise and intimate local knowledge translate into reliable performance and a history of low default rates.

CDFIs create deep impact in communities large and small across the U.S. CDFI investment opportunities are as varied as the geographies and themes CDFIs serve. Investors can purchase notes or make deposits in CDFIs that reflect their specific values. Explore current offerings in the tabs above.

"There's a group of us at Hemenway Trust Company who are very focused on SRI. To us, impact investing and CDFIs are critical pieces of that puzzle."
–Nancy Gardiner, Managing Director, Hemenway Trust Company

Community Investment Notes and Bonds

Below is a sample of community investment debt products offered by CDFIs or for CDFIs. Explore deposit opportunities here.

To find a CDFI near you, search the complete list of more than 1,000 US Treasury-certified CDFIs, including CDFI banks, credit unions, loan funds, and venture funds.

Want your CDFI's investment products listed? Send us your product information using this form.

CDFI CDFI Product Rating1 Rates/Terms/Minimums Geography Impact Theme(s) Contact
Calvert Impact Capital
(invests in CDFIs)
Community Investment Note2   1% to 4%
1 to 15 years
$20 to $1,000 minimum
National and International
(70% domestic, 30% emerging markets)
nonprofits, microfinance institutions, social enterprises, CDFI loan funds info@calvertimpactcapital.org
800.248.0337
Capital Impact Partners Capital Impact Investment Note3 S&P AA note rating,4 Aeris-rated fixed interest
1 to 10 years
$1,000 minimum
National healthcare, healthy foods, affordable housing, education, eldercare Matt Glatting
Treasurer
703.647.2372
mglatting@capitalimpact.org
CNote
(invests in CDFIs)
CNote Community Innovation Note   2.5%
no minimum term
no minimum investment
no fees
quarterly withdrawals permitted
easy online access
National women, minorities, low-income communities, small business and job creation support@mycnote.com
424.262.6683
Craft3 Community Impact Investment Note
(accredited investors only)
Aeris-rated 1.25% to 3%
1 to 5 years
$20,000 minimum
Washington state, Oregon small business and job creation, renewable energy and energy efficiency, land preservation, community facilities Maggie Kirby
Development Manager
888.231.2170 x165
MKirby@Craft3.org 
LIIF LIIF Impact Note Aeris-rated 1% to 3%
6 months to 10 years
San Francisco Bay area, National, custom geographic targeting community facilities, affordable housing, education Tyler Jackson
Impact Investment Officer
415.489.6131
tjackson@liifund.org
Local Intiatives Support Corporation (LISC) LISC General Obligation Bond S&P AA bond rating 4.35%
5, 10 and 20 years
$5,000 minimum
National creating economic opportunity in distressed urban and rural communities  Christina Travers
Vice President and Treasurer
212.455.9331
Ctravers@lisc.org
Mountain BizWorks investment note5   up to 3%
1 to 7 years
$1,000 minimum
western North Carolina small business and job creation Matthew Raker
Director of Community Investments & Impact
matt@mountainbizworks.org
New Hampshire Community Loan Fund Opportunity NH Investments Aeris-rated fixed interest up to 5%
1 to 10 years
$1,000 minimum
New Hampshire affordable housing, small business and job creation, child care, community nonprofits Ken Kunhardt
Director of Investor Relations
603.856.0716
kkunhardt@communityloanfund.org
Northern California Community Loan Fund promissory notes Aeris-rated contact NCCLF for details Northern California housing development, business, nonprofit service agencies Eddy Lopez
Investor Relations Associate
415.392.8215 x320
elopez@ncclf.org
Reinvestment Fund Reinvestment Fund Promissory Note S&P AA overall rating, Aeris-rated fixed interest up to 4.5%
3 to 15 years
$1,000 up to $5,000,000
National organizations and businesses focused on poverty alleviation, economic opportunity and wealth-building for low-income, low-wealth people Richard D’Amico
Associate, Investor Relations
215.574.5819
invest@reinvestment.com
Reinvestment Fund Reinvestment Fund Impact Investment  Bond S&P AA overall rating, S&P AA- bond rating, Aeris-rated 3.166% to 3.513% paid twice a year
6 to 8 years
$5,000 + $1,000 denominations
National education, grocery stores, healthcare, other real estate Tim Gillespie
Assistant Treasurer
215.574.5806
invest@reinvestment.com
Vermont Community Loan Fund Social Investment Term Account Aeris-rated 0.85% to 3%
1 to 10+ years
$1,000 minimum
Vermont affordable housing, small business and job creation, community service organizations Susan Hood
Investment and Grant Coordinator
802.224.9133
susan@vclf.org
Vermont Community Loan Fund Social Investment Cash Account Aeris-rated 0.5% open-ended maturity date
$2,500 minimum
1 withdrawal permitted per month
Vermont affordable housing, small business and job creation, community service organizations Susan Hood
Investment and Grant Coordinator
802.224.9133
susan@vclf.org
Vermont Community Loan Fund Social Investment Graduating Account Aeris-rated 0.5%
1 year $250 minimum initial investment
$250 minimum monthly electronic deposit
Vermont affordable housing, small business and job creation, community service organizations Susan Hood
Investment and Grant Coordinator
802.224.9133
susan@vclf.org
Vermont Community Loan Fund Food, Farms & Forests Fund Aeris-rated up to 1%
no less than 5 years
Vermont farms, agricultural operations, food wholesalers and retailers, forestry and forest product enterprises Susan Hood
Investment and Grant Coordinator
802.224.9133
susan@vclf.org
Vermont Community Loan Fund Next Generation Fund Aeris-rated up to 1%
no less than 5 years
Vermont facilities for early care & learning programs  Susan Hood
Investment and Grant Coordinator
802.224.9133
susan@vclf.org
 
1Aeris is an information service for impact investors, and provides performance data, analysis, and ratings of both financial risk and impact management, helping investors screen, underwrite, and monitor investments that meet their risk parameters and social/environmental impact goals. Learn more at www.aerisinsight.com.
22Not available in Washington State.
3Capital Impact Investment Notes may not be offered for sale in all states. Please check the current pricing supplement for states where Notes are being offered for sale.
4Long-term issue credit rating assigned on September 7, 2017. An S&P credit rating is not a recommendation to buy, sell or hold notes and may be subject to suspension, reduction or withdrawal at any time by S&P. Please check the current pricing supplement for the S&P credit rating assigned to notes currently being offered for sale.
5Can only accept investments from indviduals located in NC. Can accept corporate investments from any geographic location.

 

 

Disclaimer: This webpage is not an endorsement of any product listed. This webpage is intended only as a summary of certain CDFI instruments and is not intended to capture every potential CDFI instrument. Potential investors must review the offering materials of each CDFI instrument and consult with their financial, tax and other advisers before deciding to invest. CDFI instruments are not available for purchase through this website. Potential investors interested in a CDFI instrument must contact the sponsor of such CDFI instrument to arrange any investment. OFN does not receive any referral fees related to investments in any CDFI instrument. However, the sponsors of certain CDFI instruments may be members of OFN and OFN will have an incentive to feature CDFI instruments sponsored by its members. All investments entail substantial risk of loss. There can be no assurance that the investment objectives of any CDFI instrument listed above will be achieved and losses may occur under certain circumstances.

Deposits

There are more than 400 CDFI banks and credit unions across the country. Like all regulated financial institutions, CDFI bank and credit union deposits are federally insured up to $250,000. Below are examples of CDFI deposit products. Search the list of all certified CDFIs below to find a CDFI bank or credit union near you.

CDFI CDFI Product Rates/Terms/Minimums Geography Impact Theme(s) Contact
Community Bank of the Bay Bay Area Green Fund FDIC-insured Impact Deposit Account posted rates + 10 basis points
30 days to 5 years
project financing for northern California; deposit accounts available nationwide environmentally sustainable projects and businesses Oakland full-service and administrative branch
510.433.5400
Self-Help Federal Credit Union1 DTC-eligible Term Certificate





Term Certificates
Posted Rates via link
1 to 3 years
$70,000 minimum for 2 and 3 year certificates
$100,000 minimum for 1 year certificate
Posted Rates via link
3 months to 5 years
National affordable consumer financial services, affordable housing, small business and job creation, commercial loans, poverty alleviation, economic opportunity, wealth-building Annie McShiras
877.369.2828 x5530
amcshiras@self-helpfcu.org
Self-Help Credit Union1 DTC-eligible Term Certificate





Term Certificate
Posted Rates via link
1 to 3 years
$70,000 minimum for 2 and 3 year certificates
$100,000 minimum for 1 year certificate
Posted Rates via link
3 months to 5 years
National affordable consumer financial services, affordable housing, small business and job creation, commercial loans, poverty alleviation, economic opportunity, wealth-building Ebony Perkins
877.369.2828 x5530
ebony.perkins@self-help.org
 
1All our deposit products are federally insured up to $250,000 or $500,000, depending on whether you invest in one or both of our credit unions.

 

 

Disclaimer: This webpage is not an endorsement of any product listed. This webpage is intended only as a summary of certain CDFI instruments and is not intended to capture every potential CDFI instrument. Potential investors must review the offering materials of each CDFI instrument and consult with their financial, tax and other advisers before deciding to invest. CDFI instruments are not available for purchase through this website. Potential investors interested in a CDFI instrument must contact the sponsor of such CDFI instrument to arrange any investment. OFN does not receive any referral fees related to investments in any CDFI instrument. However, the sponsors of certain CDFI instruments may be members of OFN and OFN will have an incentive to feature CDFI instruments sponsored by its members. All investments entail substantial risk of loss. There can be no assurance that the investment objectives of any CDFI instrument listed above will be achieved and losses may occur under certain circumstances.

All Certified CDFIs

The U.S. Treasury Department's CDFI Fund certifies that a financing entity meets the CDFI requirements. As of December 31, 2017, the US Treasury had certified more than 1,109 CDFIs (557 loan funds; 305 credit unions; 231 banks, thrifts and bank holding companies; and 16 venture funds). Search the map and the CDFI Fund’s list below to find a CDFI near you.

 

*Click on any column header to sort in ascending order or click twice to sort in descending order*

Additional Resources

For additional information on CDFIs and the CDFI industry, explore the OFN website, including the What Are CDFIs? and CDFI Coverage Map pages.

And contact the following organizations:

 

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