National Association of Counties and cashVest by three+one Announce $1.3 Billion in New Revenue for Public Agencies in 2024
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WASHINGTON – The National Association of Counties (NACo) and cashVest by three+one today announced their collaborative efforts generated over $1.3 billion in new revenue for public entities in 2024, while simultaneously saving them millions in bank fees. This achievement highlights the impact of untapped sources of revenue, providing essential financial stability during uncertain times.
NACo partnered with three+one in 2020 to strengthen county finances using the cashVest portal. The portal allows counties to put dollars on deposit to work while still maintaining necessary cash flow balances. The partnership has supported hundreds of County governments to date and generated over $3 billion in new revenue for public entities.
County finance departments benefit from the cashVest program, which combines powerful liquidity data with hands-on guidance from a dedicated relationship manager. As a third-party data provider, cashVest by three+one analyzes cash flow and investment history on behalf of the county, providing data-driven insights and actionable recommendations. This empowers finance professionals to strategically allocate funds, optimize liquidity and maximize interest earnings, all while ensuring transparency and financial strength for the communities they serve.
"For county finance departments, the ability to generate new revenue while gaining insights into their financial future is invaluable," said NACo CEO/Executive Director Matthew Chase. "This partnership ensures public entities are better equipped to manage uncertainties and prepare their 2026 budgets and beyond."
The generation of new revenue is due in large part to three+one’s innovative MC Liquidity Forecast Model®. Built on decades of expertise in public finance, higher education and business, this tool integrates over 2.4 trillion data points from various economic cycles. The tool offers liquidity forecasts extending six to nine months ahead, enabling public agencies to confidently navigate critical financial decisions.
For more information about NACo’s partnership with cashVest by three+one, click here.
About National Association of Counties (NACo)
The National Association of Counties (NACo) strengthens America’s counties, including nearly 40,000 county elected officials and 3.6 million county employees. Founded in 1935, NACo unites county officials to advocate for county government priorities in federal policymaking; promote exemplary county policies and practices; nurture leadership skills and expand knowledge networks; optimize county and taxpayer resources and cost savings; and enrich the public’s understanding of county government. www.naco.org
About three+one
three+one is a cutting-edge financial technology company committed to optimizing liquidity management for public entities. By leveraging advanced data analytics and financial expertise, three+one helps public agencies maximize their financial potential and achieve greater fiscal health.
Contact
three+one contact: Samantha Rothschild, slr@threeplusone.us
NACo contact: Nicole Weissman, nweissman@naco.org
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Nicole Weissman
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Banking on Experience: Takeaways from three+one’s Recent Banking RFPs and Client Insights, a NACo EDGE Webinar
Join Mike Ablowich of three+one for a practical webinar on the latest trends shaping banking RFPs nationwide. With decades of public finance experience, Mike will share actionable takeaways from three+one’s recent work with counties—focusing on what’s changing and how it can benefit your operations. This session offers real-world strategies to strengthen banking relationships and optimize taxpayer funds.
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Upcoming Events
The Current State of Student Debt and Forgiveness (NACo's Partnership with Savi Simplifies Student Debt Relief), a Public Promise Insurance Webinar
A webinar for HR and county leadership looking for ways to engage county employees
Did you know that over 9 million public service workers, including full-time county employees, are eligible for student debt forgiveness through the Public Service Loan Forgiveness program? Yet, fewer than 2% have received relief, and only 15% have submitted the required forms to access this benefit
The real question is: Are they aware of it? Are they maximizing their student debt forgiveness?
Please join us as we speak with student debt forgiveness expert Tony Raffa, who will clear up much of the confusion over:
Executive orders and what they mean for employees
Changes in the Department of Education and its impact
Current student debt relief programs and who is eligible
Common issues with applying for and receiving student debt forgiveness
A new tool is available to help your employees calculate their potential student debt relief and cut through the red tape when applying
Show how the tool helps employees save an average of $2,244 a year, freeing up space for them to hit their financial goals
This webinar is brought to you by NACo EDGE, establishing people, purchasing, and performance cost-saving solutions that can be applied to counties nationwide. EDGE is owned by NACo, advised by county leaders and 100% focused on solutions for U.S. Counties. Learn more about NACo EDGE here and about Public Promise Insurance here.
For more information check out the event page!