Mandatory Home Improvements To BeFinanced Through CU

Register now

BURBANK, Calif. - (06/30/04) -- Burbank City Employees FCU said itis making low-interest loans available to members who are requiredunder a new city ordinance to replace their roofs withnon-flammable shingles. The credit union is offering loans of up to$25,000 at 4.95% or less. A new city ordinance will requirehomeowners to replace wood shakes and shingles on homes in thefoothills by Aug. 14, 2005, and all other homes by 2012.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER