If you’ve been following along, you already know that we believe deeply that the path to a sustainable future is paved with many individual actions–we all get to choose how we spend our money, and those choices can impact climate progress. We also get to choose where we invest it. That’s why we’re thrilled to introduce our partnership with Walden Mutual Bank. Choosing to work with Walden was easy, because the overlap of our missions is so natural. We both stand on the common ground that individual choices have the power to drive significant collective change.
Curious about banking with Walden? Read on for a special opportunity to sign up for an individual account!
Why Walden Mutual? A Line of Credit for the Planet
In need of working capital, we found a mission-aligned partner in Walden Mutual. Their understanding and support of our vision made them the ideal lender for us. Support from Walden marks a significant step in Elephant’s journey, and will enable us to confidently pursue our next phase of growth.
To understand why Walden’s philosophy is so unique, it’s important to first understand what a mutual bank is! Put simply, it’s a financial institution that’s owned by its own depositors (everyday people, like you and me) rather than shareholders, which in turn allows the bank to focus on serving the needs of its members and local community. So, while corporate banks continue to invest deposits in unsavory segments like the fossil fuel industry, Walden only lends to 100% mission-aligned borrowers with a focus on farms, local food businesses, nonprofits, and other sustainable businesses (like us!).
For context, the concept of a Mutual Bank model isn’t new – but it has also become increasingly uncommon. When Walden Mutual opened its doors in 2023, it was the first of its kind in almost 50 years.
A Partnership with Perks
Ready to reexamine where your money is being put to work? Opening an account with Walden may be for you. If you decide to open an account with Walden Mutual and use promo code ELEPHANT, you’ll receive a $100 credit to spend at a range of Walden’s partner businesses, including right here at Elephant Energy.
Importantly, with Walden Mutual, your savings stretch much further than simply earning interest. They become an actionable tool for change when they are invested in renewable energy projects, sustainable agriculture, and local communities. Have questions? Check out Walden’s offerings here.
Join Us
At Elephant, a key part of our mission is empowering homeowners to take personal climate action – knowing that the impact of that action spans so much further than the four walls of our own homes. Choosing to bank with Walden Mutual is another one of those choices–a choice that we have made, too. Using your savings not only to earn dividends, but also fund a more sustainable future, sounds like a win-win to us.
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Eager to make more climate-friendly choices? Check out our tool, Your Electrification Roadmap®. A few simple questions will get you a personalized plan for a sustainable home. Together, we can make choices that truly make a difference.