The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to Clean Energy Federal Credit Union of Boulder, Colorado.
Clean Energy FCU, which will serve the 4,300 members of the American Solar Energy Society, will primarily seek to meet the financing needs of Society members.
Founded in 1954, the American Solar Energy Society is a non-profit organization of renewable energy professionals, advocates, and enthusiasts. As the U.S. section of the International Solar Energy Society, the organization works with individuals and groups to accelerate the transition to a 100-percent renewable energy and sustainable living society.
By using regular share and share certificate accounts, Clean Energy FCU plans to provide consumer financing for the purchase and installation of solar panels and high-efficiency home energy improvements as well as the purchase of electric and hybrid vehicles.
NCUA also said that once the credit union’s operations can support additional services, Clean Energy FCU plans to offer: share drafts; ATM access; Individual Retirement Accounts; home equity loans, and mortgage loans for homes that are net-zero-energy, Energy-Star-certified, or have a low home energy use rating. (“Energy Star,” an international standard for energy efficient consumer products, was created by the Environmental Protection Agency and the Department of Energy.)
