Annual Report

A Look Back at
Our 2024

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Highlights

ToTal Assets

$123M

Reflections

CEO Reflections

From Charley Cummings

Ambitions

Looking Forward

Ambitions for the Year Ahead

Spotlight

Borrower Spotlight

Keap Candles

Our Theory of Change

Pie chart Transportation 28%, Agriculture 10%, Electric Power 25%, Industry 23%, Residential & Commercial 13%.

Spotlight

Borrower Spotlight

Dolcezza Gelato

Our Team

The Board

Oversight

Leaders from Across Industries

Spotlight

Borrower Spotlight

Finicky Farms

Financial Results

Net Income

3,356M

Total Assets Bar chart showing Walden Mutual’s total assets: $22.65M in 2022, $75.59M in 2023, and $123.76M in 2024.

Impact Metrics

How We Did

Partners, Individuals and Ourselves

End Notes

The Fine Print

Additional Context
on Our Results

Annual Percentage Yield. Grow Local account rates current as of May 12th, 2025. Interest is compounded daily, posted monthly. Rates are subject to change without notice. Tiered rates apply only to individual Grow Local accounts. Extra 1.00% (total of 2.90%) of annual percentage yield applies to balances $10,000-$99,999.99. Balances below ($9,999.99 and under) and above ($100,000 and more) do not qualify for the extra 1.00% of annual percentage yield (resulting in 1.90% APY). Fees could reduce the earnings on the account.

Annual Percentage Yield. Spend Local Community account rates current as of May 12th, 2025. Daily compounding, posted monthly. Rates are subject to change without notice. Fees could reduce the earnings on the account.

Annual Percentage Yield. Local Impact CD rates current as of May 12th, 2025. Interest is compounded daily, posted monthly. Rates are subject to change without notice. $1,000 minimum to open. Penalties may apply for early withdrawals. Fees could reduce the earnings on the account.

Federal Deposit Insurance Corporation. Insurance coverage limited to $250,000. Additional insurance coverage available upon request.

Account charges & fees are listed at waldenmutual.com/fees.

Summer Farm Dividend Terms & Conditions apply.

Partner Perks Terms & Conditions apply.

Sustainability Certification Reimbursement Terms & Conditions apply.

Source: https://www.latimes.com/opinion/story/2023-01-18/fossil-fuel-expansion-bank-financed-emissions

As of May 8th, 2024; average across accounts offered by four largest U.S. banks; assumes location of Concord, NH and highest available savings rate.

We'll reimburse up to $15 per month in fees assessed by ATM providers. A full description of our account charges can be found at waldenmutual.com/fees.

Desktop check deposit also available, but requires purchase of a compatible scanner, and free enrollment and configuration of the service. Send us a note if you're interested!

Walden Mutual Partner Business Card is a Visa® Debit Card issued by Walden Mutual Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa International Service Association.

Annual Percentage Yield. Assabet 12-month Local Impact CD rate current as of April 1, 2025. Interest is compounded daily, posted monthly. Subject to change without notice. $1,000 minimum to open. Penalties may apply for early withdrawals. Fees could reduce the earnings on the account. Signed pledge agreement required.

Annual Percentage Yield. Save Local Business account rates current as of May 12th, 2025. Interest is compounded daily, posted monthly. Rates are subject to change without notice. Extra 2.00% (total of 2.90%) of annual percentage yield applies to balances $10,000-$99,999.99. Balances below ($9,999.99 and under) and above ($100,000 and more) do not qualify for the extra 2.00% of annual percentage yield (resulting in 0.90% APY). Fees could reduce the earnings on the account.

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Table of Contents

Table of Contents

Annual Report