Join an investment program that fuels transformation, not extraction.

We were founded as a nonprofit loan fund by and for the co-op community. With over 50-years of experience financing cooperatives, we know how to transform dollars into impact. 

Impact that looks like:

• Grocery stores owned by their consumers;
• Affordable housing owned by its tenants;
• Manufactured housing parks owned by their residents;
• Businesses of all sizes and sectors owned by the workers themselves. 

Every co-op has an impact, and each impact has a story. Read about some of the incredible co-op journeys we’ve supported on our Co-op Stories page!

Our Social Investment Notes are offered for sale only to investors located in states where CFNE has registered the Notes for sale or where the sale is exempt from registration requirements. By clicking the link below to download the Prospectus, you certify that you are located in one of the following states. If you don’t see your state, please check back frequently as our list of states is expanding.

Ready to transform your dollars into impact?

Step 1: Check the list of US states and territories above to see if we currently offer

our investment program where you’re located.

Step 2: Read through our prospectus to make sure we’re a good fit for you and your investment goals.

Step 3: If you’re eligible and ready to invest, fill out the Subscription Agreement and send it to us. You can find the Subscription Agreement as Appendix C in the Prospectus.

Step 4: If you have questions at any point, send us an inquiry or give us a call.

And here are a few more key details:

• Minimum investment: $1,000
• Minimum investment term: One year
• Term Notes: You may choose the amount of time you’d like to stay invested. Interest rates range from 1.5% – 3.5% depending on how long you stay invested, with the interest rate increasing the longer you stay invested.
• Demand notes: You may invest up to $100,000 in a note that has no specific maturity date, redeemable upon your request (after the one year investment mark) at an interest rate of 1.25%

Associated risks include:

• Investments are unsecured and uninsured by any government agency
• Investments are not liquid and will remain invested until maturity
• Investors have no control over CFNE operations
• Interest earned is taxable
• No guarantee of a return on your investment

To learn more or initiate an investment, get in touch with us!

Who are our investors?

CFNE is a certified Community Development Financial Institution (CDFI) with a unique capital stack. Our social note holders comprise the majority of our lending pool – i.e., the funds we use to finance our borrowers.

Josie Shagwert
Capitalization Manager

Write to Josie:
PO BOX 970
Watertown, MA 02471

Call or email Josie:
800-818-7833
josie@cooperativefund.org

* Past performance is no guarantee of future results. 

** CFNE may restructure loans experiencing repayment difficulties. The loan loss allowance was established based upon our best estimates. Ultimate losses may vary from current estimates.

*** Rates for new investments or renewals are subject to change. 

CFNE’s securities are unsecured debt securities subject to terms, conditions and risks described in our Prospectus, including risk of possible loss of the amount invested. Payment is dependent on CFNE’s financial condition at the time payment is due. This is not an offer to sell you our securities. The offering is made solely by the Prospectus and only in states or jurisdictions where authorized.  Before investing, you should read our Prospectus.

● Not FDIC or SIPC insured       ● Not a bank deposit      ● No CFNE guarantee