CUs, Banks Combine To Create Green Fund
LOWELL, Mass. - Local credit unions and banks are leveraging federal stimulus money to create an $8 million fund to provide energy-efficient retrofitting to historic buildings in this historic mill town.
The funds include $5 million in federal stimulus grants almost $3 million pledged by the local lenders, including Jeanne D'Arc CU and NMTW Community CU.
"The fact that we combine energy efficiency with historic preservation makes this a unique project," said Lowell City Manager Bernie Lynch.
Participating banks are: Eastern Bank, Enterprise Bank, The Lowell Five, Washington Savings Bank, People's United Bank, TD Bank, and Lowell Cooperative Bank.