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
Filene to survey green lending in CUs
MADISON, Wis. (1/19/11)--The Filene Research Institute and Hall Associates Consulting LLC are collaborating to assess credit union green lending. Filene encourages all credit unions to complete the survey, regardless of their current green-lending profile. The results will be published this year with a guide that outlines the opportunities, variables and challenges of sustainable lending. Surveys are due by Jan. 28. “This research builds on significant work we’ve done to identify sustainability opportunities for credit unions,” says Filene Chief Research Officer George Hofheimer. “This will provide the first real baseline report of how credit unions are lending around green initiatives.” Large banks are increasingly focused on environmental initiatives, according to research by Hall Associates Consulting LLC, a credit union-focused consulting firm. Bank of America has earmarked $20 billion for a 10-year environmental initiative addressing climate change, including energy efficiency and clean-energy investments and services. Citi is aiming $50 billion over 10 years at alternative energy, “clean technology” and carbon reduction. A new commercial banking group at Wells Fargo is designed specifically for businesses that manufacture, market or develop clean technology products and services. Even without the scale of these banks, credit unions are beginning to act more locally with products such as energy-efficient mortgages and loans for fuel-efficient vehicles and remodeling projects. “The volume of household-level green lending in the U.S. could be as much as $100 billion, even if only 10% of households participate,” said W. Robert Hall, president of Hall Associates Consulting. Credit unions that participate will be asked about the specific components and financial performance of their loan products. Data submitted for the survey will be reported in aggregate, and individual credit union data will be kept confidential, Filene said.
Other Resources

RSS





print
News Now LiveWire
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
7 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
7 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
11 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
13 hours ago
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
17 hours ago