PORTLAND, Ore., April 5, 2021 /PRNewswire/ — OnPoint Community Credit Union, the largest credit union headquartered in Oregon, announced today new commitments to fighting climate change, including the Green Horizons initiative, which makes it more affordable for people in Oregon and Southwest Washington to adopt new sustainable technology. OnPoint Green Horizons provides special rate discounts on electric and hybrid vehicles, as well as solar panels. In addition to these discounts for members, OnPoint is taking other steps to reduce its carbon footprint with telecommuting programs, environmental education, employee volunteer opportunities and donations to environmentally-focused organizations.
“The global threat of climate change requires all of us to take action to ensure a sustainable future for our community and the world,” said Rob Stuart, OnPoint President and CEO. “Going green shouldn’t be a luxury only a few can afford. We want to help our members make more sustainable choices without breaking the bank, so we’re proud to offer programs that make eco-friendly choices more affordable. Our Green Horizons initiative is just one step on the long journey of helping to build a greener future.”
Green Auto Discount
OnPoint’s Green Auto Discount offers 0.25%1 APR off auto loan rates for new or used electric or hybrid vehicles financed through OnPoint. For every green auto loan approved, OnPoint will make a donation to The Nature Conservancy (TNC)2 in Oregon, which brings people together to solve the biggest conservation challenges of our time such as climate change. Among TNC’s priorities is the electrification of automobiles. OnPoint is donating $250 for every electric vehicle loan and $125 for every hybrid vehicle loan.
“To address climate change, we need to make the shift to clean, renewable energy while restoring and protecting nature to help reduce greenhouse gas emissions,” said Jim Desmond, State Director of The Nature Conservancy in Oregon. “We’re encouraged by this program that makes low-emission vehicles more accessible to our community and commend OnPoint for their leadership in this space.”
Home Equity Solar Panel Discount
OnPoint Green Horizons is also making it more affordable for homeowners to produce their own solar electricity. When homeowners apply for an EquityFlex Line of Credit for home improvements, they can fix a portion of their line of credit for the purchase of solar panels and receive a 0.25%3 discount off the EquityFlex Fixed Portion APR. Homeowners can find even more savings by looking at incentives and rebate programs in Oregon and Washington.
Solar energy is sustainable, renewable and plentiful, even in the Pacific Northwest. Each kilowatt-hour (kWh) of solar that is generated substantially reduces greenhouse gas emissions like CO2, as well as other pollutants. In addition to the environmental benefits, solar power systems result in energy cost-savings over time. On average, it takes about 7.5 years for energy savings to offset the cost of a solar investment.
Helping to Tackle Climate Change
OnPoint is also committed to supporting organizations focused on making an impact to help address the effects of climate change. In addition to the Green Auto Discount donations to TNC, here are just a few partners and initiatives that OnPoint has recently supported with charitable donations:
ABOUT ONPOINT COMMUNITY CREDIT UNION
OnPoint Community Credit Union is the largest credit union in Oregon, serving over 427,000 members and with assets of $8.1 billion. Founded in 1932, OnPoint Community Credit Union’s membership is available to anyone who lives or works in one of 28 Oregon counties (Benton, Clackamas, Clatsop, Columbia, Coos, Crook, Curry, Deschutes, Douglas, Gilliam, Hood River, Jackson, Jefferson, Josephine, Klamath, Lane, Lincoln, Linn, Marion, Morrow, Multnomah, Polk, Sherman, Tillamook, Wasco, Washington, Wheeler, and Yamhill) and two Washington counties (Skamania and Clark) and their immediate family members. More information is available at www.onpointcu.com or 503-228-7077 or 800-527-3932.
SOURCE OnPoint Community Credit Union