Massachusetts CUs Team With Banks For Green Loan Fund

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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.

 

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