SAN ANTONIO–Chuck Purvis, who is well known to many in credit unions and who recently retired as CEO of Coastal Credit Union in North Carolina, has been named as interim CEO and board member of Ecority, a nonprofit that has built a national coalition of credit unions and state-chartered green banks.
The organization has applied for an aggregate of $14.87 billion in grant funding from the EPA-administered Greenhouse Gas Reduction Fund.
“Throughout his career, Purvis has founded multiple companies, bringing new technology to market to benefit credit unions and their members,” Ecority said in a statement.
Added Purvis in a statement, “I’m thrilled to lead Ecority as it develops the resources cooperatives need to become national leaders in green lending. Through collaboration, we can help more members affordably finance electric vehicles and home improvement projects, while enhancing the financial health of low-income and disadvantaged communities by reducing their energy costs.”
Credit Unions Can Still Participate
Ecority said its grant application has been endorsed by NAFCU and CUNA and that its coalition also includes credit union leagues.
Ecority said it plans to use the grant to fund a guaranty pool and provide technical assistance, enabling credit unions to autonomously lend for more eligible projects at lower rates, and include borrowers who may not otherwise qualify.
Ecority added that the grant submission period has ended, but that interested credit unions may still apply to participate and potentially become subrecipients of grant funds through Ecority, by visiting ecority.org/register and submitting a letter of interest.
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