Westerra Credit Union offers two options for financing home energy improvements
Colorado Day” is the perfect opportunity for homeowners to choose a
Colorado RENU loan or an energy efficiency loan
DENVER, CO (July 28, 2021) — Colorado, the Centennial State, celebrates its 145th birthday on Sunday, August 1st. This date, known as “Colorado Day,” is an opportunity for Coloradans to honor the state’s natural beauty, enjoy the abundance of outdoor activities and encourage sustainability practices. Westerra Credit Union, a member-owned cooperative with a deep, local heritage, is committed to contributing to these preservation efforts by supporting the implementation of energy efficiency and renewable energy improvements in homes. Westerra believes these types of home energy improvements are vital to the ongoing preservation of colorful Colorado for generations to come.
In honor of Colorado Day, Westerra is highlighting its partnership with the Colorado Energy Office’s RENU program, a statewide residential Energy Efficient loan program, which partners with local credit unions. In addition, Westerra also offers an in-house Energy Efficiency Loan option for financing home energy improvements. Each loan guarantees homeowners who choose energy upgrades access to affordable, low-cost and long-term financing.
“Both options help our environment and better the health of our state,” said Jared Dryer, Vice President of Consumer Lending at Westerra. “The RENU Loan program has truly benefited the people of Colorado and we are proud to partner with them. Our in-house option is also a wonderful alternative for those looking to fund home energy projects to enhance a home’s overall efficiency, such as solar panels or the purchase of new ENERGY STAR appliances. Whatever the project, Westerra is here to help finance them.”
Please see below for terms for each loan option. More information about RENU loans available here. Information about Westerra’s energy efficiency loans can be found here.
Westerra’s Colorado RENU Loan includes:
- Low, fixed interest rates starting at 2.75%*
*Annual Percentage Rate based on creditworthiness
- No money down
- Finance up to 100% of project cost with loans up to $50,000
- Loan terms up to 15 years (or 20 years for solar PV)
- No prepayment penalties
Westerra’s Energy Efficiency Loan includes:
- Financing from $500 up to $50,000 for a primary, secondary or vacation home • Fast and easy approval process
- Does not require the homeowner to use the equity from the home
- Repayment terms ranging from 5 years to 20 years
About Westerra Credit Union
Founded in Denver 1934 by eight schoolteachers, Westerra lives into its purpose “We exist to teach one another to prosper” by focusing on meaningful relationships, helping individuals, families and businesses meet their financial goals, and positively impacting lives through financial education. Westerra holds approximately $2-billion in assets, is member-owned and serves 110,000 members across the Denver metro area. Each individual depositor at Westerra is federally insured by the National Credit Union Administration (NCUA) up to $250,000, and backed by the full faith and credit of the United States government. In the past decade, Westerra has donated millions to the community through sponsorships, donations and grants and, on average, contributes over 1,200 volunteer hours each year to community and school-based programs. Join us in building a modern financial community where we all truly belong by becoming a member in less than 5 minutes! For more information, visit www.westerracu.com.