>> Back to September 2024 Issue
As the impacts of climate change become more evident, the urgency to transition away from fossil fuels is clear. Investing in renewable energy is crucial for the future of our planet, yet it remains a challenge for many. Clean Energy Credit Union is poised to change that narrative. Our not-for-profit model focuses on making clean energy affordable and accessible to a wide range of people across the country by providing an attainable entry point for individuals to invest in the clean energy movement with a $5 minimum deposit. This innovative approach advances sustainability and democratizes access to renewable energy investing.
The Bold Mission of Clean Energy Credit Union
At the heart of Clean Energy CU lies the vision to create a world where everyone can participate in the clean energy movement. We are making this vision a reality by:
- Making it easier for everyone to afford clean energy and energy saving products and services by offering clean energy loans with amazing terms.
- Making it easier for everyone to invest in the clean energy movement by offering federally insured checking accounts, savings accounts, and clean energy CDs whereby the deposits are solely used to help others pursue their clean energy and energy saving projects.
Clean Energy CU operates as a not-for-profit financial institution, enabling us to prioritize the needs of members. This unique structure allows the credit union to offer competitive interest rates on clean energy loans, high dividends on share accounts including 3.5% interest on rewards checking, and minimal fees.
“We are proud to say that we have never charged an overdraft fee. We care about our members and are focused on helping more people be a part of this movement without deterring them with fees or high rates.”
– Clean Energy Credit Union CEO, Terri Mickelsen
The credit union\’s mission isn\’t just about dollars and cents — it\’s a commitment to environmental stewardship, social responsibility, and a sustainable financial future.
Transformative Impact and Unmatched Benefits
Choosing to invest with Clean Energy CU isn\’t just a financial decision—it\’s a commitment to a brighter, cleaner future. Here’s why:
Environmental Impact: Every loan issued by the credit union reduces carbon emissions. Financing solar panels, electric vehicles, or energy-efficient upgrades contribute to building a sustainable future. To date, the credit union\’s financing efforts have offset over 970,000 estimated tons of carbon dioxide equivalent.
Financial Savings: The competitive rates and favorable terms offered, can lead to substantial financial savings. Homeowners financing solar energy systems or energy saving home improvement projects often see lower energy bills, while EV loans make electric vehicle ownership more financially feasible.
High-Yield Savings and Checking Accounts: Beyond loans, Clean Energy CU offers savings and checking accounts that not only align with its clean energy mission but also provide attractive interest rates. These accounts give members a financially rewarding way to support renewable energy initiatives.
Ethical Banking: For those who prioritize ethical considerations in their financial choices, Clean Energy CU offers a transparent, values-driven alternative to traditional banks. Members can rest assured that their money supports initiatives aligned with their environmental values.
Take pride knowing what your dollars support, as every dollar that is deposited into the credit union goes towards funding other members clean energy or energy saving projects. Plus, our carbon offset calculator allows you to see what your dollars can do when deposited at the credit union.
Clean Energy Credit Union Overview
Clean Energy Credit Union solely finances clean energy / energy saving projects. Meaning you can leverage the competitive rates with the added bonus of working with an institution that prioritizes your best interest over profits.
Wide Array of Clean Energy Loan Options
Solar PV Loans: Clean Energy CU’s solar loans are a beacon for those looking to harness the power of the sun. With lower interest rates and extended repayment terms compared to traditional financing, these loans make solar energy systems a realistic and appealing option for homeowners and businesses alike.
Electric Vehicle (EV) Loans: In the race to reduce greenhouse gas emissions, electric vehicles are speeding ahead, and Clean Energy CU\’s is right there in the passenger seat. Offering financing for new and used electric vehicles at competitive rates, as well as refinancing options.
Green Home Improvement Loans: For those with grander sustainability projects in mind, the credit union offers green home improvement loans. Whether it’s adding a heat pump, updating your windows or replacing a water heater, these loans provide the financial backing needed to improve the efficiency of your home and reduce your energy needs. See the full list of qualified improvements here.
Our Clean Energy Expertise
Renewable Energy Team: The credit union demonstrates its commitment to members by staffing a clean energy team. This team reviews each project to ensure pricing aligns with market standards and that the systems meet quality expectations. They identify and address any red flags with the contractor or member, ensuring a smooth and reliable process.
Green Lending Expertise: With over $250 million in clean energy loans, Clean Energy CU has established itself as an expert in the field. We leverage our expertise to develop products and processes that prioritize the best interests of our members.
Registered Dealer Program: To enhance service for members and contractor partners, Clean Energy CU requires solar contractors to become registered dealers before offering financing options. This involves a thorough review process to assess the financial stability and quality of the contractors, ensuring reliable and trustworthy service.
Clean Energy for All: Expanding Access and Equity in Renewable Energy Financing
Clean Energy Credit Union has recognized that clean energy has been disproportionately unavailable to underserved populations. In response, the credit union has taken proactive steps to address this disparity by creating the Clean Energy for All loan program. This initiative aims to dismantle financial barriers, enabling a broader range of individuals to invest in clean energy solutions. Through the Clean Energy for All program, Clean Energy Credit Union is expanding access to affordable clean energy loans by offering discounted loan rates specifically for low-income and BIPOC (Black, Indigenous, and People of Color) borrowers. Additionally, the program includes special credit considerations for those facing credit challenges, ensuring that more people can participate in and benefit from the clean energy movement. This initiative not only promotes environmental sustainability but also advances social equity, making clean energy more accessible and inclusive for all.
Your Money, Your Impact: Investing in a Greener Planet
By choosing a financial institution that prioritizes sustainable and socially responsible initiatives, your money can drive positive change – supporting renewable energy projects, community development, and ethical business practices. This awareness empowers you to make informed choices, champion causes you believe in, and avoid funding activities that harm the environment. In a time when financial influence has significant global impacts, being mindful of how your money is used can help create a better, more sustainable world.
Clean Energy Credit Union is more than just a financial institution; it\’s a movement toward a sustainable future. Through our visionary mission and cutting-edge financial products, we are making it easier for individuals to invest in renewable energy and energy efficiency.
For those looking to make a meaningful impact on the environment while reaping financial rewards, Clean Energy Credit Union offers an unparalleled investment opportunity. Check out the rates here and open an account online today.
Article by Nicole Burford, Vice President of Market Development and Sustainability at Clean Energy Credit Union. Her passion for the environment is a driving force behind the credit union\’s mission to combat climate change. With over 15 years of marketing expertise, Nicole leverages her skills to increase awareness of Clean Energy CU\’s impact, foster community relationships, and enhance member experiences.
Her journey began at Iowa State University, where she honed her skills in advertising and communications, before landing a coveted spot in Gannet\’s Talent Development Program. Colorado then beckoned, offering her the opportunity to refine her digital marketing skills at a content marketing agency. Now, Nicole collaborates with partners, implements green initiatives, and works to create a more sustainable future, both within clean energy and climate finance. Driven by her environmental passion, Nicole embodies the credit union\’s values, proving that impactful marketing goes hand-in-hand with making a difference.
