League-Supported Green Lending Initiative Continues to Draw Support

A green-lending initiative supported by your League continues to draw support in its pursuit of funding through the Environmental Protection Agency’s Greenhouse Gas Reduction Fund (GGRF).

League President/CEO Carrie Hunt is serving on an advisory board for Ecority, an independent nonprofit seeking to secure for credit unions and Community Development Financial Institutions a share of funding from a $20 billion fund at EPA. Ecority is composed of credit unions and CDFIs in 43 states, including Virginia’s own Langley Federal Credit Union.

“I’m proud of how credit unions and industry partners came together through Ecority to seize this unique opportunity. I wanted to ensure the Virginia League took a leadership role in this initiative, knowing what we could accomplish if credit unions are able to leverage GGRF funds in serving members and our communities,” said Hunt.

Green loans cover such a broad swath, but the following are examples of how credit unions might use the Ecority program for funding and technical assistance in offering members affordable financing:

• Electric vehicles and EV infrastructure;
• Home or business energy improvements such as replacement windows;
• Net-zero building construction (family, manufactured and multi-family homes, and commercial buildings);
• Solar panels; and
• Other technologies deemed to reduce greenhouse gases and other pollutants.

Learn more about Ecority here.
Learn more about CUNA’s recent support of this initiative.