Recognized for our commitment to energy savings and our successful and creative financing strategies, VSECU, a Vermont-based credit union, is a leader in energy and renewable financing. Our vision is to empower possibilities to foster social, financial and environmental prosperity and our commitment to promoting environmentally sound choices for our member-owners and employees, VGreen financing solutions are an important and impactful addition to our loan portfolio. Additionally, our VGreen Money Market Account (MMA) helps our members earn more on their deposits, easy access to their savings, and 100% of the deposits fund energy efficiency and renewable project loans for members.
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We continually work to improve our green financing products to adopt to the ever-changing solar market. For example, our VGreen Investment Tax Credit (ITC) Loan is a great option for borrowers who want to finance a residential solar purchase and take full advantage of the federal Residential Renewable Energy Tax Credit, or Investment Tax Credit (ITC). It features a lower initial monthly payment during the first 15 months at discounted fixed interest rates, then funds received from a tax refund can be applied to the principal to lock in a low monthly payment for the remainder of the term.
Our experience in residential green lending has also been extended to business members through VBiz. This full-service commercial lending department allows Vermont businesses to take advantage of financing options to improve energy efficiency or add renewable energy options to reduce their utility expenses and meet their environmental missions.
VSECU is a credit union, a not-for-profit, member-owned financial cooperative. Anyone who lives or works in Vermont, or is a member of the Northeast Sustainable Energy Association (NESEA), is eligible for membership.