New credit union chartered in CO to serve solar energy enthusiasts

A new federal credit union has been chartered in Colorado to serve members of the American Solar Energy Society, the NCUA announced today.

Clean Energy Federal Credit Union of Boulder will serve 4,300 members of the society, the credit union regulator said, and will offer regular savings and certificates of deposit (known as share accounts and share certificates at credit unions). It will also provide consumer financing for purchase and installation of solar panels, high-efficiency home energy improvements and purchase of electric and hybrid vehicles, NCUA stated in a release.

According to the federal agency, the society was founded in 1954 as a non-profit organization of renewable energy professionals, advocates, and enthusiasts. It works internationally with other energy organizations to “accelerate the transition to a 100-percent renewable energy and sustainable living society,” the agency stated.

NCUA also said that, ultimately, the new credit union also plans to offer such services as checking (share drafts), ATM access, individual retirement accounts, home equity loans and “mortgage loans for homes that are net-zero-energy, Energy-Star-certified, or have a low home energy use rating.”

NCUA Charters Clean Energy Federal Credit Union

Graphic: NCUA charters issued, 1983-2017