BOULDER, Colo.—NCUA Monday announced that it has granted a federal charter and Share Insurance Fund coverage to Clean Energy FCU here.
Clean Energy will serve the 4,300 members of the American Solar Energy Society. The new credit union’s primary mission will be meeting the financing needs of Society members, NCAU said. Using regular share and share certificate accounts, Clean Energy plans to provide consumer financing for the purchase and installation of solar panels and high-efficiency home energy improvements as well as the purchase of electric and hybrid vehicles.
Once the credit union’s operations can support additional services, Clean Energy plans to offer:
- Share drafts,
- ATM access
- IRAs
- Home equity loans
- Mortgage loans for homes that are net-zero-energy, Energy-Star-certified, or have a low home energy use rating
Founded in 1954, the American Solar Energy Society is a non-profit organization of renewable energy professionals, advocates, and enthusiasts. As the U.S. section of the International Solar Energy Society, the organization works with individuals and groups to accelerate the transition to a 100% renewable energy and sustainable living society.