Clearwater Credit Union introduces Montana’s first Clean Energy CD
Credit union designates funds for financing clean energy solutions in Montana
MISSOULA, MT (July 19, 2024) — Clearwater Credit Union, Montana’s leading solar loan lender and the second-largest credit union in Montana, is pleased to announce it is launching a new Clean Energy Certificate of Deposit (CD), making it the first financial institution in Montana to offer such a savings product. Clearwater’s 24-Month Clean Energy CD provides depositors with an opportunity to earn market competitive returns while simultaneously making a positive impact with their deposits. Different from traditional CDs, Clearwater designates the pooled deposits to fund loans for clean energy initiatives that help Montana homeowners and businesses improve energy efficiency, reduce environmental impact, and help build a thriving clean energy economy.
“Clearwater’s Clean Energy CD aligns with our commitment to protect the environment and preserve Montana’s natural resources for future generations, while also empowering more Montanans to embrace clean energy solutions,” said Jack Lawson, Clearwater President & CEO. “This CD is ideal for people who want their deposits to have a meaningful impact.”
The Clean Energy CD is a new addition to Clearwater’s Clean Energy Banking program, a suite of products and services that help Montana homeowners and businesses embrace clean energy solutions. In addition to the Clean Energy CD, the program also includes a Solar Loan to finance solar panel installations; an Energy Efficiency Loan to help homeowners improve energy performance and indoor air quality while providing added cooling during summer months; a Clean Energy Mortgage option that offers discounted pricing for utilizing energy efficiency or conservation measures; and a Clean Energy Commercial Loan for financing high performance new construction, solar panel installation, or energy-efficient retrofits.
By Spring 2025, Clearwater will also offer a Clean Energy Advisory service. Free to Clearwater members, this service will help members understand their options for improving the efficiency and comfort of their homes or businesses, get advice in selecting improvements, and connect with trusted contractors.
Clearwater Credit Union is dedicated to living its core values through three key pillars: putting people before profit, building inclusive communities, and protecting the environment. The introduction of the Clean Energy CD offers depositors a way to support clean energy initiatives while enjoying competitive returns on their savings.
About Clearwater Credit Union
Established in 1956, Clearwater Credit Union is a values-based, member-owned financial cooperative committed to using finance to make the world a better place. Clearwater is Montana’s largest certified Community Development Financial Institution (CDFI, a member of the Global Alliance for Banking on Values (GABV), and a member of Inclusiv, a CDFI intermediary with a mission to help low- and moderate-income people enhance economic well-being through credit unions. With over $1 billion in assets and over 62,000 members, Clearwater offers individuals and businesses across Western Montana access to banking, loan, mortgage, and financial counseling and education services. Visit clearwatercreditunion.org to learn more about how Clearwater is a force for good in banking, in the communities it serves, and for its members.
