Go Green for 2019
At UMassFive, we believe a sustainable tomorrow can start today—that’s why we support community-based sustainability projects, big and small, and offer a variety of earth-conscious financial products for our members.
Newsletter 2019 V1 Article - Sustainability Initiatives
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Energy & Fuel Conservation Loan
Interested in making energy-conscious updates to your home?
This loan provides low-rate financing to help you make hope improvements like replacing your windows, putting in a new furnace or hot water heater, or buying bulk heating materials like wood pellets up-front.
We want our members to make energy-saving updates to their homes, so we’ve made financing them an easy choice with our low-rate Energy & Fuel Conservation Loan.
Enjoy great local produce while building your credit!
Here at UMassFive, we’re big fans of eating local and making the freshest produce accessible to everyone who wants it.That’s why we’ve developed a special interest-free loan that gives you the ability to finance an individual share at any local CSA (Community Supported Agriculture) farm over a six-month term.
Keep the environment green as well as your wallet while you build your physique and boost your credit score!
With a great low rate and terms up to 24 months, a bicycle loan from UMassFive is an environmentally friendly solution to your daily commute. We’ll finance the purchase of any kind of bike, from mountain bikes to electric bikes, so you can get out there and explore the bike trail!
Providing access to renewable energy through the installation of solar arrays has been a huge focus for UMassFive in recent years. We’ve achieved great success as the #1 lender for the Massachusetts Department of Energy’s MassSolar Loan Program, as well as with our own proprietary MySolar Loan. Now, we’re bringing sustainable, clean energy to even more households with an exciting new product exclusively available to UMassFive members:
Sustainability Spotlight:
Solar Access Loans
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UMassFive is thrilled to offer an exclusive loan for income-qualified families in the state of Massachusetts that combines the Mass Solar Loan program and the Mass Save® HEAT Loan program to provide one all-encompassing solution for your utility bills.
Imagine a winter without worrying about your utility bills being through the roof because solar panels are providing all of the energy required to heat your home and hot water through an air-source heat pump system. This could be your reality if you qualify for a Solar Access Loan, which funds the installation of both of these systems at no additional cost to you.
UMassFive has been awarded an exclusive, time-limited state-sponsored pilot program to fulfill funding for low- to middle-income homeowners in Massachusetts, and is actively looking for qualified households. In order to participate in this pilot program, which will be limited to 100 families, a family of four must fall within the income range of $69,289.01 to $91,052.00 annually.
“We know that the costs associated with heating and powering your home can be more difficult to manage the less income you have,” said Richard Kump, President and CEO of UMassFive College Credit Union. “That’s why UMassFive is thrilled to partner with Solar Access, providing the bridge for low- and middle-income homeowners. Over the last three years, UMassFive has funded nearly 800 traditional solar installations for over $25 million dollars to low- and moderate-income households, and Solar Access helps us continue that mission.”