JACKSON, Mich. – TRUE Community Credit Union said it will use a $100,000 Community Development Revolving Loan Fund (CDRLF) grant from to help the credit-invisible and underserved make energy upgrades to their homes.
The credit union said it will work with Michigan Saves to offer the low-interest loans for qualified energy-saving upgrades.
According to the TRUE Community, the two organizations will identify underserved communities for expansion, create marketing and outreach materials to reach the credit-invisible, engage Michigan Save's network of authorized contractors to promote the program, hire a financial health coach to create and deliver adult financial literacy, and provide a small stipend to borrowers who attend financial health coaching sessions to use for late fees or loan payments.
‘Profoundly Honored’
“We are profoundly honored to be the recipient of the NCUA Community Development Revolving Loan Fund grant,” said TRUE Community Credit Union Chief Growth and Lending Officer Valerie Moskal. “This significant investment marks a pivotal moment in our journey to partner with, empower, and uplift the communities we serve. With this support, TRUE is poised to forge new pathways of financial inclusion, foster growth, and create a lasting positive impact. We are committed to leveraging this grant to its fullest potential.”
TRUE Community CU said Michigan Saves is the nation's first nonprofit green bank that provides a clean energy lending program that assists homeowners with finding an authorized contractor, an online application for financing, and connecting with a qualified lender.
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