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Sooper Credit Union announces new green loan program


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2013-12-03 23:40:52 - The program will provide financing for green upgrades to commercial, multifamily and non-profit facilities across Colorado.

For Immediate Release:

ICAST, Sooper Credit Union and Centennial Lending Announce Sooper E Loan Program

Colorado –ICAST, Sooper Credit Union and Centennial Lending have approved the establishment of the Sooper E Loan Second Trust Deed Program. These loans originate in partnership with ICAST (International Center for Appropriate and Sustainable Technology), which is an accredited engineering and energy advisory firm. The program is intended to develop a workable and profitable commercial second trust deed to produce green upgrades including energy efficiency, water conservation and renewable energy installations.

Terms of 5 and 10 years are available for loans ranging from $50,000 to $250,000. Loans over both terms are fully amortized and there are no prepay penalties. “ Sooper Credit Union has been a leader

in developing loan products to support renewable energy, such as solar panels and farms, and we want to extend that commitment to include energy conservation and retrofit for commercial and nonprofits buildings throughout Colorado,” noted Dan Kester, Chief Executive Officer at Sooper. Eligible applicants are required to obtain an evaluation from ICAST containing a project budget and utility bill savings for the building. “We are excited about this partnership with Sooper Credit Union that will benefit our clients and allow them to reduce their utility costs and increase the value of their property, while improving the comfort, health, and safety of the occupants of their buildings”, said Ravi Malhotra, President of ICAST.

More information on the program can be obtained by emailing info@icastusa.org.

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About ICAST
ICAST develops and implements market-based solutions to address the numerous challenges that plague underserved communities. Utilizing a triple bottom-line approach that maximizes environmental stewardship, social responsibility and economic development, ICAST projects foster community development through the creation of social enterprises in clean energy space.


About Sooper Credit Union
Sooper Credit Union is a not-for-profit cooperative that has been helping members navigate their finances for over 60 years. Members are granted access to competitive loan and deposit rates, thousands of CU Service Centers and surcharge-free ATMs, and customers benefit from a complete range of financial products and services.

About Centennial Lending
Centennial Lending is locally owned and operated out of Longmont, Colorado. The institution handles commercial, construction and mortgage loans from the inquiry and application phase through approval, and finally to closing and servicing. Centennial does this as a mortgage company and as an agent for partner financial institutions.



Contact:
Ravi Malhotra
President/Founder
ICAST
Tel: (303) 462-4100
Email: ravim@icastusa.org

Tim Thomas
Business Development Officer
Centennial Lending
Tel: (303) 746-9169
Email: tim.thomas@centennial-lending.com





Press Information:
Sooper Credit Union

5005 W 60th Ave
Arvada, CO 80003

Contact Person:
Jacy Simpson
Marketing Specialist
Phone: 303-430-5509
email: email

Web: www.soopercu.org

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