Michigan Saves Cherryland Pilot Loan Program

Save Green Signature Loan

Save Green Home Equity Loan

Save Green Partners - Heating - Ventilation - Air Conditioning

Tax Credits and Utility Rebate Programs

Cherryland Electric Cooperative PilotThis pilot involves loans through Members Credit Union for residential energy efficiency installations. The pilot will be available throughout Cherryland’s service area in northwest Michigan.

If
you are a member of Cherryland Electric Cooperative, you can participate in the first Michigan Saves pilot program to finance the cost of energy efficiency improvements in your home with no upfront cost and convenient monthly payments on your Cherryland electric bill. There is a $1,000.00 minimum loan requirement. As part of this pilot, you can have a comprehensive energy audit conducted to assess how to best lower utility bills and make your home more comfortable.

There are equipment rebates and tax credits available.
Sign up today! Check out the list of
list of qualifying measures. This pilot is offered by Michigan Saves, Cherryland Electric Cooperative, Brown Lumber Installed Sales & Service, and Members Credit Union.

Michigan Saves Cherryland Pilot Special Rates

Michigan Saves Loan Rates
Effective Date: 02/15/2010
NameAPR*TypeTerm

Rates Effective 2/15/2010

Michigan Saves
$0 - $2,500

6.99**

Fixed

24 month

Michigan Saves $2,501 - $5,000

7.99**

Fixed

36 month

Michigan Saves $5,001 - $10,000

8.99**

Fixed

36 month

Michigan Saves $10,001 - $15,000

9.99**

Fixed

48 month

Michigan Saves $10,001 - $15,000

10.99**

Fixed

60 month

Michigan Saves $10,001 - $15,000

11.99**

Fixed

72 month

* Annual Percentage Rate

**Rates Subject to Change

SPECIAL RATES AND TERMS FOR CHERRYLAND ELECTRIC COOPERATIVE MEMBERS PARTICIPATING IN MICHIGAN SAVES CHERRYLAND PILOT !

How do you Apply? Sign up here!
Sign up at the Michigan Saves Cherryland Pilot Web Site and a Bliss Team member will contact you to begin the process. The Bliss Team will help you determine the scope of your project and assist you with your loan application. Cherryland Members can apply for the Michigan Saves loan on-line, choose "Michigan Saves" as purpose of loan.

  


Save Green Signature Loan

What are they?

Members Credit Union has designed a solution to meet your "green" financing needs. We have developed a signature loan program with special rates and terms for homeowners seeking to improve their home energy efficiency. We can help homeowners save monthly expenses and increase their energy efficiency - while benefiting our environment and their wallet. Check out our approved product and service list. When upgrading your home for "Green Living" think of Members Credit Union for your financing needs.

How do they work?

  1. Homeowner should contact a supplier or contractor to determine the scope of the work and obtain a purchase order/estimate.
  2. Homeowner can apply in-person at a branch or our lending center. Please bring a purchase order/estimate from a supplier or contractor when applying in person.
  3. Homeowner can apply online using the purchase order/estimate from supplier.
  4. Upon approval homeowner will need to sign the loan documentation at the loan closing.
  5. Please bring a purchase order/estimate from supplier or contractor to loan closing.
  6. Homeowners should check with their utility provider to see if they have any energy optimization rebate programs currently available.

(FUEL CONVERSIONS ARE ALLOWED UNDER THIS PROGRAM)

What products and services are approved for Save Green Signature Loans?

Below is a listing of product and service categories approved for the Members Credit Union "Save Green" Signature Loan program. This loan program does offer the homeowner the ability to convert energy sources. Many utilities are offering incentive programs and rebates to the homeowner for these initiatives, so please check with your utility. We have provided utility links below for your convenience.

Approved Product and Service Categories

 

 

Appliances

Heating & Cooling

Water Heaters

Home Envelope

Lighting

Battery Charger Air-Source Heat  Pump Gas Condensing Home Sealing Light Bulbs  (CFL)
Clothes Dryer Boiler Heat Pump Insulation Light Fixtures
Clothes Washer Central A/C High-Efficiency Gas Storage Air Sealing LED Lighting

Dehumidifier

Ceiling Fan Solar Roof Products  
Dishwasher Central Dehumidifier Whole-Home Gas Tankless Windows  
Refrigerator Furnace   Doors  
Freezer Geothermal Heating  Pump   Skylights  
Room A/C Home Sealing (Insulation)   BPI Certified Audit  
Room Air Cleaner Light Commercial Furnace & A/C      
Range/Oven Programmable Thermostat      
  Room A/C      
  Ventilation Fan      
  Natural Gas Line Connection      


Save Green Signature Loan Rates
Effective Date: 02/01/2010
NameAPR*TypeTerm

Signature Loan
$0 - $2,500

7.99%

Fixed

24 month

Signature Loan
$2,501 - $5,000

8.99%

Fixed

36 month

Signature Loan
$5,001 - $10,000

9.99%

Fixed

36 month

Signature Loan
$10,001 - $15,000

10.99%

Fixed

48 month

Signature Loan
$10,001 - $15,000

11.99%

Fixed

60 month

Signature Loan
$10,001 - $15,000

12.99%

Fixed

72 month

* Annual Percentage Rate

  


Save Green Home Equity Loans

What are they?

Members Credit Union has designed a solution to meet your "green" financing needs. We have developed a home equity loan program with rates and terms for homeowners seeking to improve their home energy efficiency. We can help homeowners save monthly expenses and increase their energy efficiency - while benefiting our environment and their wallet. Check out our approved product and service list. When upgrading your home for "Green Living" think of Members Credit Union for your financing needs.

How do they work?

  1. Homeowner should contact a supplier or contractor to determine the scope of the work and obtain a purchase order/estimate.
  2. Homeowner can apply in-person at our mortgage lending center. Please bring a purchase order/estimate from a supplier or contractor when applying in person.
  3. Homeowner can pick up a home equity packet at any of our branch locations.
  4. Check with our Mortgage Department to verify other documentation you will need to apply. Contact our Mortgage Center at 231-929-2020.
  5. Upon approval homeowner will need to sign the loan documentation at the loan closing.
  6. Please bring a purchase order/estimate from supplier or contractor to loan closing.
  7. Homeowners should check with their utility provider to see if they have any energy optimization rebate programs currently available. 

(FUEL CONVERSIONS ARE ALLOWED UNDER THIS PROGRAM)

What products and services are approved for Save Green Home Equity Loans?

The same listing of product and service categories that are approved for the Members Credit Union "Save Green" Signature Loan are available for the Home Equity Loan program. This loan program does offer the homeowner the ability to convert energy sources. Many utilities are offering incentive programs and rebates to the homeowner for these initiatives, so please check with your utility. We have provided utility links below for your convenience.

Save Green Home Equity Loan Rates
Effective Date: 07/01/2009
NameAPR*TypeTerm

Home Equity Loan
$5,000 - $10,000

7.00%

Fixed

60 months

Home Equity Loan
$10,001 - $25,000

7.00%

Fixed

90 months

Home Equity Loan
$25,001 +

7.00%

Fixed

120 months

* Annual Percentage Rate

Home Equity Loans for members seeking to increase the energy efficiency of their home!                                                                                                          Apply Today!


 

Save Green Partners - Heating - Ventilation - Air Conditioning

Members Credit Union and your local HVAC professionals have developed a relationship to promote energy savings and efficiencies to area homeowners. Contact any of these participating HVAC professionals and receive free on-site equipment inspections for upgrades, fuel conversions or new installation of energy efficient heating and cooling systems. These companies have highly trained professionals and can assist you in your home energy efficiency efforts. Each HVAC professional can provide you with "Save Green Loan" information to help you with your financing needs.

Air Control Heating & Cooling LLC
311 N. Coral Street
Kalkaska, MI. 49646
Phone (231) 258-3437
email

Custom Sheet Metal & Heating, Inc.
9444 N US 31
Free Soil, MI 49411
Phone (231) 464-5436
email
www.customsheetmetalandheating.com

D&W Mechanical
1266 Industry Drive.,Suite A
Traverse City, MI. 49686
Phone (231) 941-1215
email
www.dwmechanical.com

Geofurnace Heating & Cooling, LLC
886 US31 South
Traverse City, MI. 49684
Phone (231) 943-1000
email
www.geofurnace.com

Grand Traverse Refrigeration, Inc.
1305 Stepke Ct.
Traverse City, MI. 49684
Phone (231) 943-4451
email
www.callgtr.com

Moore Mechanical
12760 Honor Highway
Honor, MI 49640
Phone (231) 325-3079
email
www.rodmoore-mechanical.com

Northern Heating & Refrigeration
734 E. Cayuga Street
P.O. Box 515
Bellaire, MI. 49615
Phone (231) 533-8173
email

Nye Plumbing & Heating
6877 Grace Road
Benzonia, MI 49616
Phone (888) 550-4959
email
www.nyeplumbinginc.com

 
Precision Plumbing & Heating Systems, Inc.
2829 Cass Road
Traverse City, MI. 49684
Phone (231) 947-0100
email
www.precisiontc.com
 
Premier Heating and Cooling Company
205 2nd Street
Ludington, MI. 49431
Phone (231) 843-3575
email
www.premier247.com
 
Senior's Heating & Cooling, Inc.
333 E. Welch Court, Suite A
Traverse City, MI 49686
Phone (231) 941-8830
email

 
Sheren Plumbing and Heating, Inc.
3801 Rennie School Rd.
Traverse City, MI 49684
Phone (231) 943-7916
email
www.sherenplumbingheating.com
 
Team Bob’s – Heating – Cooling –Plumbing
2282 Cass Rd
Traverse City, MI 49684
Phone (231) 941-4064
email
www.teambobs.com
 
 

Tax Credits and Utility Rebate Programs

Contact your local units of government for specific tax credit information.
We have provided these links to the
U.S. Department of Energy and
Energy Star  to allow you to review the possible tax advantages of
upgrading your home. Speak to your tax professional for specific criteria
and how it will affect your personal taxes.


       

Need to find your Utility Energy Incentive and Rebate Programs?
Choose your utility and you will be directed to their program.

Cherryland Electric Cooperative
Great Lakes Energy
Traverse City Light & Power
DTE
Consumers Energy


Not a Members Credit Union Member?
Contact any Members Credit Union
branch location and join today!

Home Weatherization Program
The Weatherization Program provides free energy conservation services for eligible low income households. The Agency determines applicant eligibility, performs the necessary inspections and contracts with qualified licensed and insured private contractors to complete the work. The program is funded by the Federal Department of Energy and administered by the Michigan Department of Human Services (DHS). DHS contracts with Northwest Michigan Community Action Agency to operate the program. Any homeowner or renter may be eligible for this free service if they meet the federal poverty guidelines. For more information log on to www.nmcaa.net  or contact the Weatherization Department" at: 231-346-2173 or 800-632-7334.

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