CommonWealth One Federal Credit Union Announces Energy Saver Loan Program
CommonWealth One Federal Credit Union’s Energy Saver Loan Program helps residents of the City of Alexandria and Northern Virginia make cost effective, energy efficient improvements to their homes with the assistance of the nonprofit group, the Local
The Energy Saver Loan Program offers the Alexandria Energy Saver Loan and Home Performance Loan for CommonWealth One members and are designed exclusively for home energy improvement projects. These loans are cost-effective alternatives to traditional loan options and offer members affordable, monthly payments. Members can make qualified home improvements and realize long-term savings on their energy bills with one of these loans.
The Alexandria Energy Saver Loan is for City of Alexandria residential homeowners, who are eligible to make home improvements with a qualifying Energy Efficiency project as outlined by the Local Energy Alliance Program. CommonWealth One recently partnered with the City of Alexandria and the Local Energy Alliance Program to offer this program with special, low loan rates to residents.
City of Alexandria residents can borrow up to $20,000 for a maximum of 10 years with rates as low as 4.90% APR. Median income levels restrictions are required for this loan. Many low and middle-income homeowners can secure the Alexandria Energy Saver Loan with low interest rates.
Homeowners outside of the City of Alexandria in Northern Virginia are eligible to apply for the Home Performance Loan when completing a qualifying Energy Efficiency project as determined by the LEAP program. The loan maximum is up to $20,000 for 10 years with rates as low as 7.90% APR.
Homeowners can start their projects by visiting www.ilikeleap.com to complete a free online energy assessment. The City of Alexandria also offers information on resources to help homeowners make energy efficient improvements to their homes. Visit the City of Alexandria’s Green Building Resource Center at http://alexandriava.gov/gbrc. To learn more about applying for a loan with the Energy Saver Loan Program, visit CommonWealth One’s website at www.cofcu.org.
About CommonWealth One Federal Credit Union
Since 1944, CommonWealth One Federal Credit Union, headquartered in Alexandria, VA, has grown to become one of Washington, D.C. and Northern Virginia’s top credit unions with more than $300 million in assets serving more than 36,000 members. CommonWealth One is a full-service, member-owned, not-for-profit financial cooperative committed to being the lifetime financial institution of its members. It provides its members with lower fees and loan rates, plus higher savings rates. Excess earnings are returned to members in the form of higher dividend rates, lower interest rates on loans and low or no fees.
CommonWealth One has branches in downtown Washington, D.C., Alexandria, VA, and Harrisonburg, VA (one branch is located on the James Madison University campus). Members can access their accounts through Online Banking, Mobile and Text Banking, plus a network of over 4,000 shared branches and 40,000+ transaction-fee-free ATMs across the country. For information, or to open an account online, visit www.cofcu.org.
- Contact Information
- Ashley Baldeon
- Marketing Manager
- CommonWealth One Federal Credit Union
- Contact via E-mail
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