MISSOULA, Mont.–Clearwater Credit Union, which said it is the leading solar lender in Montana, has launched a new Clean Energy Certificate of Deposit.
The credit union said its new 24-Month Clean Energy CD provides depositors with an opportunity to earn market competitive returns while “simultaneously making a positive impact with their deposits.”
Unlike traditional CDs, Clearwater said it designates the pooled deposits to fund loans for clean energy initiatives that help Montana homeowners and businesses improve energy efficiency, reduce environmental impact, and help build a “thriving clean energy economy.”
‘Aligns With Commitment’
“Clearwater’s Clean Energy CD aligns with our commitment to protect the environment and preserve Montana’s natural resources for future generations, while also empowering more Montanans to embrace clean energy solutions," President and CEO Jack Lawson said in a statement. "This CD is ideal for people who want their deposits to have a meaningful impact.”
According to Clearwater Credit Union, its Clearwater’s Clean Energy Banking program includes a suite of products and services that help Montana homeowners and businesses “embrace clean energy solutions.”
Additional Program Offerings
In addition to the Clean Energy CD, the program also includes:
- A solar loan to finance solar panel installations
- An Energy Efficiency Loan to help homeowners improve energy performance and indoor air quality while providing added cooling during summer months
- A Clean Energy Mortgage option that offers discounted pricing for utilizing energy efficiency or conservation measures
- A Clean Energy Commercial Loan for financing high performance new construction, solar panel installation, or energy-efficient retrofits.
Set to Bloom in the Spring
By Spring 2025, Clearwater CU said it will also offer a Clean Energy Advisory service.
“Free to Clearwater members, this service will help members understand their options for improving the efficiency and comfort of their homes or businesses, get advice in selecting improvements, and connect with trusted contractors,” the credit union said.