Vermont Business Magazine EastRise Credit Union has been selected to receive the maximum $11 million in funding as part of Inclusiv’s Clean Communities Investment Accelerator (CCIA) program.
The funds from this program will allow EastRise to offer more options for affordable clean energy financing that can reduce energy costs for families in low-income communities. It will also support local economic development through partnerships with clean energy vendors.
“Many families spend a disproportionate amount on their energy bills, especially in the Northeast” said Laurie Fielder, Vice President of Green Lending at EastRise. “These important CCIA funds from Inclusiv will allow us to offer more affordable rates and a wider array of financing options to help EastRise members take advantage of clean energy and save money on their utilities.”
EastRise was one of 108 credit unions selected from around the United States and Puerto Rico to receive a combined $651 million in the first round of CCIA awards by Inclusiv. This award is a significant investment that will let low-income members afford energy-efficient solar installations, home energy upgrades, and electric vehicles that help reduce high energy costs.
About EastRise
With Vermont roots going back over 75 years, EastRise Credit Union is a true local partner for our nearly 170,000 members in Vermont and beyond. We go above and beyond to provide the financial tools and guidance that help our members and communities build stronger and more sustainable financial futures. From trusted digital banking and a relationship-first approach to affordable home ownership and green lending, EastRise is committed to doing better and raising the bar for everyone.
About Inclusiv
Founded in 1974, Inclusiv empowers its member credit unions to advance financial inclusion through advocacy, education, technology, and impact investment. Inclusiv is a certified CDFI intermediary instrumental in driving private and public investment in credit unions to build wealth for individuals, households, businesses, and communities formerly excluded from the financial mainstream. Inclusiv’s Greenhouse Gas Reduction Fund (GGRF) Clean Communities Investment Accelerator (CCIA) program is designed to mobilize credit unions and cooperativas to offer affordable renewable energy and energy efficiency financing to reduce energy costs for American households and businesses, creating good jobs and greater financial security.
Williston, VT – EastRise Credit Union. For more information, visit inclusiv.org.
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