Boulder-based Clean Energy Credit Union receives federal charter
BOULDER – The National Credit Union Administration has granted a federal charter to a new credit union based in Boulder called Clean Energy Credit Union that will serve members of the American Solar Energy Society, also based in Boulder.
CECU is the first new credit union in Colorado to receive a federal charter in 31 years.
The credit union’s mission is to promote clean energy, environmental stewardship and cooperative enterprises through the web-based financial services it provides to its members.
The credit union uses deposits that are federally insured solely to provide loans for clean-energy projects.
“We envision a world where everyone can participate in the clean-energy movement,” said board chairman Blake Jones and co-founder of Boulder-based Namaste Solar. This new federally chartered credit union will make it easier for people to both invest in and use clean energy in order to help protect our environment and improve our economy.”
Chief executive Terri Mickelsen. said the credit union will operate solely via online and mobile-banking applications. “The reduced overhead will allow us to pass on the resulting savings to our members in the form of better interest rates and lower service fees, she said.
Mickelsen expects the credit union will begin accepting deposits and loan applications prior to year-end 2017. In the meantime, next steps include launching a crowdfunding campaign and preparing for a membership drive.
Initially, CECU will offer savings accounts, clean-energy CDs, and loans for solar-electric systems, clean-energy vehicles and energy-efficiency home improvements. Expanded financial services offerings will be brought online following the first year of operations and are likely to include checking accounts, debit cards, credit cards and a wider variety of clean-energy-focused loan products.
BOULDER – The National Credit Union Administration has granted a federal charter to a new credit union based in Boulder called Clean Energy Credit Union that will serve members of the American Solar Energy Society, also based in Boulder.
CECU is the first new credit union in Colorado to receive a federal charter in 31 years.
The credit union’s mission is to promote clean energy, environmental stewardship and cooperative enterprises through the web-based financial services it provides to its members.
The credit union uses deposits that are federally insured solely to provide loans for clean-energy projects.
“We envision a world where everyone can participate in the clean-energy movement,”…
Start your subscription to BizWest, The Business Journal of the Boulder Valley and Northern Colorado, TODAY!
Online access PLUS print versions of all Bizwest publications
One month subscription includes:
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-month subscription to BizWest & all of the publications in print version.
- 1-year access to daily email newsletter & breaking news alerts.
Online access for one year.
One month subscription includes:
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year access to daily email newsletter & breaking news alerts.
Online and print versions of all Bizwest publications PLUS premium access to BizWest Datastore for one year.
One year subscription includes:
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year subscription to BizWest & all of the publications in print version.
- 1-year premium online access to unlimited downloads from the BizWest Datastore!
- 1-year premium online access to the Breaking Ground website!
- 1-year access to daily email newsletter & breaking news alerts.
Premium access to the BreakingGround site plus online and print versions of all BizWest publications.
One year subscription includes:
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year subscription to BizWest & all of the publications in print version.
- 1-year premium online access to the Breaking Ground website!
- 1-year access to daily email newsletter & breaking news alerts.
Premium access to the BreakingGround site plus online and print versions of all BizWest publications.
One month subscription includes:
- 1-year premium online access to the Breaking Ground website!
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-month subscription to BizWest & all of the publications in print version.
- 1-year access to daily email newsletter & breaking news alerts.