Green loans options sparks huge reaction

Spring has sprung in Killarney: Delighted with the success of the green loans initiative at Killarney Credit Union were Elma Culloty, Operations Manager (left), Mark Murphy, CEO and Karena McCarthy, Marketing Officer.
Picture: Marie Carroll-O’Sullivan

A low-cost green loan option with Killarney Credit Union is quickly becoming one of the most popular products in their suite of loans. 

It was recently introduced with the aim of offering members a better choice, value and flexibility in financing their switch to more environmentally friendly options. 

Killarney Credit Union staff were delighted to see members and the community at large were so interested in the product and the response to date has been very positive.

This new suite of green loan products, along with the CU Greener Homes deal, offers members and potential members more affordability in making greener choices in their homes and transport.

CEO Mark Murphy said with greater influence on climate action, personal responsibilities as well as commercial responsibilities, they felt it was the right time to introduce further options for members.   

“Part of our strategic plan is to develop and enhance diversified products and services on a commercial, competitive and sustainable basis for all our credit union members.

“We want to put environmental sustainability at the heart of our decision making, be a champion for climate change and embrace green issues in all aspects of our business,” Mr Murphy said.

The green loan offers finance for family home initiatives, covering areas such as renewable energy upgrades, attic, floor, wall and pipe insulation, sustainable water/heating systems, door, window or boiler upgrades, the installation of energy efficient controls in the home and deep retrofit. 

The loan also covers transport initiatives such as fully electric or hybrid cars, home charger units and electric bicycles or motorcycles.

Killaney Credit Union Marketing Officer, Karena McCarthy, said the loan rates for the products are very competitive with one of the options offering the lowest interest rate available. 

“The products cover a wide range of areas and also offer many member benefits,” she said. 

“More and more people are considering upgrades and we are delighted to be in a position to help finance these aspirations,” she added.

Those considering upgrading their home or transport to greener options and looking for more affordable choice can contact Killarney Credit Union on 064-6631344, or call in to their branches in Killarney, Kenmare or Caherciveen for one-to-one personal service. Everyone reads it – ask anyone. Call 087-2229761 to advertise