OnPoint Tackles Climate Change with New Green Horizons Initiative

OnPoint Community Credit Union has announced new commitments to fight climate change, including the Green Horizons initiative, which makes it more affordable for people in Oregon and southwest Washington to adopt new sustainable technology. The program provides special rate discounts on electric and hybrid vehicles, as well as solar panels, encouraging more members to adopt clean energy solutions.

In addition to these member discounts, the Portland-based credit union 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, President and CEO of OnPoint. “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% 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) in Oregon, which brings people together to solve the biggest current conservation challenges, 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% discount off the EquityFlex Fixed Portion APR.

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, such as carbon dioxide, 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 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, the credit union has contributed to the following partners and initiatives:

  • $1,500 to Caldera, which partners with schools in Portland and central Oregon to provide year-round mentorship programs for underserved youth that integrate art and nature and are grounded in positive youth development.
  • $2,500 to Ecology in Classrooms & Outdoors, which inspires K-12 school students to care for nature and their communities through hands-on science education.
  • $1,000 to Eco-School Network, which recruits, trains, and motivates parents to help initiate and maintain sustainable practices in their child’s school so that students can develop the values and skills needed to preserve a healthy environment.
  • $1,500 to the SOLVE Oregon Beach Cleanup, which organizes individuals and communities across Oregon to help remove litter and marine debris from our beaches that can endanger wildlife and negatively impact water quality.
  • $1,000 to Rogue Farm Corps, which trains and equips the next generation of farmers and ranchers through hands-on educational programs and the preservation of Oregon’s farmland. Without a coordinated strategy, these working lands are at risk for development, consolidation, and being taken out of agriculture.
  • $1,500 to WaterWatch of Oregon, which works to protect and restore water to Oregon’s rivers, streams, and lakes for fish, wildlife, and people.
  • Providing employee support of Oregon Wildlife Foundation’s “Watch for Wildlife” campaign, which seeks to provide dedicated funding for wildlife passage projects across Oregon through the sale of a commemorative Oregon license plate.

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