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CU System
Post-pilot, N.J. energy loan program seeks more CUs
HIGHTSTOWN, N.J. (8/21/14)--The New Jersey Credit Union League will hold an information session Sept. 10 about New Jersey's energy-efficient home improvement loan program, cuGreenLoans.
 
According to the league, the program was successful for the pilot credit unions, and it is now seeking more credit unions to participate. cuGreenLoans is a state-subsidized, interest-free loan available to homeowners for qualifying energy efficient home improvements through the New Jersey Clean Energy Program.
 
The program has been rolled out to all approved contractors throughout New Jersey, and members must meet specific requirements in order to be eligible.
 
The league will hold a live session at its headquarters in Hightstown that will be video conferenced to Atlantic FCU, Kenliworth, with $263 million in assets, and Members 1st of NJ FCU, Vineland, with $50 million in assets. The free session will run from 10 a.m. to 12:30 p.m. (ET) Sept. 10.
 
 Pilot participants $292 million-asset Garden Savings FCU, Parsippany, and $153 million-asset XCEL FCU, Bloomfield, will answer questions as part of the presentation.


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