February 9, 2008

Point Loma Credit Union is planting trees in the name of every member who gets a “green” loan.

The credit union offers two kinds of green loans. One loan gives discounts for vehicles getting at least 32 MPG highway. The green car loans are also available for dual-fuel, electric, ethanol, natural gas and fuel-cell powered vehicles.

The credit union is also approving green personal loans for eco-friendly purchases such as:

• Energy-efficient home upgrades
• Energy Star appliances
• Replacing existing windows with double-glazed, low-emissivity windows
• Installing renewable energy sources like solar panels

For each green loan funded, PLCU will arrange for BeGreenNow.com to plant a tree in the member’s name.

Key Question: How paperless is the loan application and approval process?

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Previous related stories from The Financial Brand:

• LEED gold branch for a true-green credit union
• Green Branch® now a federally registered trademark
• Automatic savings plan tied to auto loans
• Economy driving credit union promo

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