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Media Release
Maleny Credit Union supports SCEC Solar Challenge
December 2009
Maleny Credit Union (MCU) throughout its 26 year history has been a strong supporter of financial initiatives to preserve our precious environment through its design of innovative loan products linked to environmental loan purposes.
Greg Stevens CEO Maleny Credit Union said “MCU was thrilled to be approached by the Sunshine Coast Environment Council (SCEC) to participate in its initiative to launch 10,000 solar roofs challenge (over 3 years) to residents on the Sunshine Coast together with Ingenero, a locally based solar provider. Together with Ingenero, the Credit Union designed the MCU Solar Loan, designed to have power savings to contribute to loan repayments over a 10 year loan term. The MCU Solar Loan was designed to be a low cost loan to assist householders obtain a loan for either or both the installation of PV and/or Solar hot water.”
The key features of the MCU Solar loan are:
- Unsecured Personal Loan;
- No application or ongoing or exit fees or early repayment penalties;
- 10 year loan term;
- Attractive variable loan rate of 7.99% p.a. (comparison rate 7.99% p.a.); and
- Standard MCU Loan Terms & Conditions apply.
“The Credit Union is proud to be associated with this Solar initiative to increase the use of renewable energy”, said Greg Stevens CEO Maleny Credit Union.
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