Scott CU Offers $1,000 Rebate on Green Vehicle Loans

COLLINSVILLE, Ill.–Scott CU is participating in the State of Illinois’ Green Rewards Program, offering a $1,000 rebate on financing for hybrid vehicle purchases. The Green Rewards program was announced here recently by State Treasurer Alexi Giannoulias. Through the program, the state has partnered with financial institutions throughout Illinois to issue $1,000 rebates for the purchase of hybrid vehicles. The treasurer’s office will fund the program by depositing money at local financial institutions at a below-market interest rate. The money those institutions save in interest is passed to the consumer in the form of the $1,000 rebate when they get an auto loan to purchase a hybrid. There are 16 types of vehicles that are eligible for the program. To participate in the program, buyers must secure a car loan from a participating financial institution, such as Scott Credit Union, for a new hybrid, eligible electric or fuel cell vehicle.