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National Cooperative Bank

Residential members who want to update their homes are able to finance their purchase of home energy products with a loan from National Cooperative Bank (NCB). We work together with NCB to expand member access to home energy products and services. These loans are available to CECA members interested in products such as Back Yard Solar, standby generators, geothermal installations, or even home efficiency projects such as window upgrades and insulation.

This provides a flexible option for members to spread their investment cost over multiple years instead of needing to make an up-front cash payment in order to participate and enjoy the benefits of these offerings.

To apply for a loan contact NCB.  If you have any questions please contact our Member Services Department at 800-915-2533.

 


CONSMER FINANCING PROGRAM

Loans can be used for a variety of investments, including:

  • Residential Solar
  • Community Losar
  • Energy Storage
  • Generators
  • Appliances
  • Energy Efficiancy Measurs
  • Geothermal Heat Pump Installations

 

APPLY FOR HOME ENERGY FINANCING TODAY!

Home Energy Consumer Loan (Unsecured)*

  • Loan Amount: $3,000 to $30,000
  • Loan Term: 5 to 8 years (not to exceed useful life of asset)
  • Interest Rate: Fixed rate
  • Total Financing Available: 100% of project cost
  • Application Fee: N/A
  • Loan Funding: 100% paid directly to consumer and/or installer
  • Prepayment Penalty: None
  • Loan Payoff: Repayment upon sale of residence or at loan maturity
  • Billing: Direct bill by NCB to consmer

 

Home Energy Consumer Loan (Secured) *

  • Loan Amount:  $30,000 to $100,000
  • Loan Term: 5 to 8 years (not to exceed useful life of asset)
  • Interest Rate: Fixed rate
  • Total Financing Available: 100% of project cost
  • Application Fee: $150; non-refundable due at closing
  • Loan Funding: 100% paid directly to consumer and/or installer
  • Prepayment Penalty: None
  • Loan Payoff: Repayment upon sale of residence or at loan maturity
  • Billing: Direct bill by NCB to consmer

 

*Certain restrictions apply. All products offered are subject to National Cooperative Bank, N.A. guidelines. Banking products and services provided by National Cooperative Bank, N.A. Member FDIC. NCB NMLS#422343.

 


Frequently Asked Questions

I am interested in financing my energy project, can you tell me about the loan products?
We have a program with National Cooperative Bank (NCB) in providing 5-8 year secured and unsecured loans for our electric co-op members. The minimum loan amount is $3,000 and you can finance up to 100% of the project cost. Interest rates vary based upon the term and individual credit, but rates are very competitive. If you would like to get check rates, please call NCB’s Brittney Baldwin at (866) 499-3517.

How do I apply?
You can easily apply online at www.ncb.coop/consumerenergy. You can also call Brittney Baldwin at (866) 499-3517.

What can I finance?
You can finance home energy upgrades, including the installation of solar panels at/on your home, energy efficient appliances, HVAC units, geothermal units, windows, and back up generators.

What are the fees?
There is no application fee for an unsecured loan ($3,000 to $30,000). The bank charges an origination fee of $150 for a secured loan ($30,001 to $100,000) that is due at closing. 

How long does the process take?
Typically the process takes between 3-5 days and that depends on making sure you provide all the documentation to National Cooperative Bank.

How do I pay my loan bill?
The bill for your loan with NCB will be mailed directly to you on a monthly basis. You can pay your loan electronically via ACH or wire, or via regular check.

Why should I finance with National Cooperative Bank?
National Cooperative Bank has designed a program for residential members of Electric Cooperatives based on its experience with consumer and energy finance. You, as our consumer-member, get the best of both – a bank that knows the business combined with a personal commitment and connection to the customers it serves. Applying is easy and can be done via telephone or securely online. NCB’s product offers terms from 5-8 years allowing you to enjoy low, fixed payments over the long term with minimal upfront fees.


Apply for 
Home Energy
financing Today!

Brittney Baldwin

Tel: (866) 499-3517
Email: bbaldwin@ncb.coop
NMLS#: 507535

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