Seattle Metropolitan Credit Union Rolls Out New Green Loans

SEATTLE, July 29, 2008 (allCUnews) -- Seattle Metropolitan Credit Union (SMCU) is pleased to announce the launch of their new Green Loans program that offers discounts on auto loans for fuel-efficient vehicles, home loans for certified green homes and equity loans for energy efficiency upgrades. SMCU's Green Loans program is the latest chapter of their ongoing "Seven Principles" initiative.
Bob Harvey, SMCU's President and CEO, explains, "Green Loans, like our new Feel Good checking account, are part of the Seven [Rochedale] Cooperative Principles that guide our business and are the foundation of all co-ops. The Seventh Cooperative Principle states that you must give back to the community in which you do business. Showing concern for our environment and partnering with other non-profits in our area are just two ways that we and our members are doing our part."

The credit union, which celebrates its 75th anniversary this year, commemorated the rollout of their new eco-friendly loan products with a partnership with the Arbor Day Foundation to plant trees where they are needed most, a green-themed Web site design, a 35-foot-tall colorful Green Loans banner made from recyclable materials displayed at their headquarters on 3rd Avenue and Columbia, and a free shopping bag giveaway for all of their members who adopt paper-free electronic statements, or "eStatements."

Mr. Harvey added, "Seattle is not alone in its commitment to take concrete actions to reduce waste and protect the environment. We are proud to serve a community that embraces these eco-friendly initiatives, and we are encouraged to see green practices as part of a growing trend that is spreading around the world."

About SMCU: Seattle Metropolitan Credit Union, named one of the best companies to work for by Washington CEO Magazine, has provided sound solutions to its members' financial needs since 1933 and today, has more than $490 million in assets. With this solid history of offering integrated, affordable financial services to its member-owners, SMCU continues to enhance its products and services by staying on top of technological advancements to meet its members' ever-changing financial needs.

SOURCE Seattle Metropolitan Credit Union
http://www.smcu.com