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If you’re interested in making this valuable benefit available to your employees, please call Sarah Marshall at 773-769-5800 ext. 226 or email your company name, number of employees, and contact information to s.marshall@northsidecommunityfcu.org

Energy Loans

 
If you want to lower your utility bills and have a more comfortable home, but can't afford the upfront cost of a furnace or other improvements, an Energy Impact Illinois (EI2) loan from North Side can help. The EI2 loan helps eliminate the upfront costs for energy efficient home improvements and allow you to repay over a longer period. The savings on your energy bill will help offset the loan payments.

Loans can be used for the following types of efficiency upgrades:

For more information about the program and participating contractors: http://energyimpactillinois.org/residential

Borrowers: are owners or lease holders of privately-owned structures used as residences with four or fewer living units, or condominium units in larger buildings so long as they are individually heated. Borrower must be eligible for membership in the North Side Community Federal Credit Union by either living, working, worshiping, or going to school in Lakeview, Uptown, Edgewater, or Rogers Park. Borrower can also be an employee of one of North Side’s select employer groups. Please contact the credit union for more information.

Use of Proceeds & Eligible Projects: Loans will fund investment in energy efficiency measures in eligible buildings that achieve a minimum of 15% reduction in estimated energy usage, and/or in building repairs necessary to implement the energy efficiency improvements. Equipment engineering and installation cost and project management costs will be eligible.

Minimum Loan: $500

Maximum Loan: $6,500

Loan Term:  Up to 5 years

Payment Schedule:

Interest Rate: Maximum of 8%

Program Fees: 

How to apply:

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