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Maine CUs meet with energy companies on energy financing
WESTBROOK, Maine (11/22/10)--The Maine Credit Union League hosted a meeting on energy financing Nov. 15 with representatives from the Maine Green Energy Alliance (MGEA), the Efficiency Maine Trust (EMT), and representatives from credit unions in southern Maine. MGEA is a nonprofit organization that helps home owners make weatherization and energy efficiency improvements on their homes and receive tax credits from the federal government, as well as rebates from the Efficiency Maine Trust, which is responsible for Maine's energy efficiency and renewable energy programs (Maine Credit Union League’s Weekly Update Nov. 19). “[The meeting was] an opportunity to explore how credit unions can possibly partner with these two agencies to provide options for members looking to make their homes more energy efficient,” said league President John Murphy. “The visibility of Maine credit unions in working with the legislature and other agencies in the past few years to develop special loans and programs to help reduce energy costs for consumers was one of the reasons why MGEA and EMT reached out to us.” MGEA has selected a few communities to test its effectiveness. The league committed to work with MGEA to provide this information to credit unions that fall in those selected areas and into the hands of members interested in home energy improvements. Credit unions also gave an overview of what lending initiatives and programs for energy efficiency and weatherization they offer. The league will help facilitate the distribution of follow-up information to credit unions state-wide, Murphy said. “The state of Maine has a goal of weatherizing 100% of the housing stock by 2020, and the feedback from credit unions attending this meeting was to help in any way we can to assist in achieving this goal,” Murphy said. “The end result would be good for Maine and, most importantly, good for members.”


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