Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CUs 2.6M loan finances solar roof project
BRIDGEWATER, N.J. (7/13/11)--An article in the July 8 edition of the Hunterdon County Democrat highlighted Financial Resources FCU’s $2.6 million loan to help finance a solar panel system for a local manufacturing plant. The loan from the $372 million asset Bridgewater, N.J., credit union will be used for photovoltaic solar panel system on the roof of the Fram Trak plant in Middlesex, N.J. Albert Santelli Sr. of Santelli Family Limited Partnership said Fram Trak would not have been able to obtain the loan without Financial Resources FCU. The company had had been dealing with banks for “decades,” he said. The solar panels will cover a rooftop area of about one-and-a-half acres and produce more than 600 kilowatts of electrical power, the equivalent to a year’s worth of power for roughly 60 homes. The energy-saving project is the largest of its kind in Middlesex borough, according to the article, titled, “Credit Union Helps Fram Trak Go Green with Solar Panels.” The system will offset nearly 100% of Fram Trak’s current power usage, which translates to a reduction of more than 800 tons of carbon emissions per year.
Other Resources

RSS





print
News Now LiveWire
.@CUNA staff preparing for today's #RBC2 webinar http://t.co/9rVX41DLfQ
46 minutes ago
DE designation earned by 43 #creditunion professionals http://t.co/PvIvzTqSt5
1 hour ago
.@TheNCUA Exec. Dir. Treichel announces Peggy Sherry as agency’s deputy CFO as of today. Sherry joins NCUA from Internal Revenue Service.
1 hour ago
.@TheNCUA has named Peggy Sherry Deputy CFO. http://t.co/Tf4XjHcYIp
1 hour ago
Kenyan CUs intersect with @gatesfoundation vision to alleviate poverty http://t.co/fXAyX6FNdG
1 hour ago