LIVE OAK, Texas Randolph-Brooks FCU has partnered with Pedernales Electric Cooperative to offer PEC members low-interest loans to finance energy efficiency or renewable energy projects.
The arrangement allows members of the electric co-op to qualify for membership in RBFCU, which is offering special Energy Saver Loans to Co-op members with interest rates starting at 3.9% for 24 months. The loans are designed to promote energy efficiency improvements in members’ residences or businesses and to help finance installation of renewable energy generation resources, such as solar and wind technology.
The Energy Saver Loans are subject to credit approval. RBFCU said rates and terms will depend on the applicant’s credit rating and other factors.
