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UVA Community CU Earns Service Award for Energy Efficiency Partnership

Feb 6, 2013 by Lewis Wood

UVA Community Credit Union was chosen as the 1st Place winner of the Virginia Dora Maxwell Social Responsibility Recognition Program for Credit Unions. UVA Community Credit Union was recognized for its partnership with their local energy-efficiency advocate non-profit -- the Local Energy Alliance Program (LEAP); an alliance comprised of local governments, energy and water utilities, the University of Virginia, Piedmont Virginia Community College and other stakeholders. LEAP’s operation is funded in part by grants derived from the Federal Administration’s national initiative to improve the energy efficiency of homes and buildings in an effort to create jobs, save money, lessen dependence on foreign oil and improve air quality.

UVA Community Credit Union was chosen as the 1st Place winner of the Virginia Dora Maxwell Social Responsibility Recognition Program for Credit Unions. The Social Responsibility Recognition Award Program, sponsored by the Virginia Credit Union League and the Credit Union National Association, honors credit unions for their involvement in community projects and activities.

UVA Community Credit Union was recognized for its partnership with their local energy-efficiency advocate non-profit -- the Local Energy Alliance Program (LEAP); an alliance comprised of local governments, energy and water utilities, the University of Virginia, Piedmont Virginia Community College and other stakeholders. LEAP’s operation is funded in part by grants derived from the Federal Administration’s national initiative to improve the energy efficiency of homes and buildings in an effort to create jobs, save money, lessen dependence on foreign oil and improve air quality.

The credit union worked with LEAP to reach over 60,000 homeowners and 22,000 businesses in its area with an eye toward helping to reduce energy bills and to create greater awareness of energy efficiency measures.

In fact, this was one of the main reasons why UVA Community Credit Union was selected as one of only 18 lenders nationally to participate in the PowerSaver Loan Program Pilot developed by the U.S. Department of Energy and U.S. Department of Housing and Urban Development (HUD). The credit union provides members with affordable loans designed to help improve their homes' energy efficiency, through energy efficient water heaters and furnaces, high-efficiency doors and windows, improved attic insulation, or even solar panels or geothermal systems.

“We are very proud that HUD chose us as a PowerSaver loan lender, and our team worked very hard to make it available as quickly as possible,” says Alison DeTuncq, credit union president and CEO.  “But the real significance of the PowerSaver loan program is to help community members save energy, save money, improve homes and buildings, and create a healthier environment.”

UVA Community Credit Union is a not-for-profit cooperative with more than 61,000 member-owners who benefit from comprehensive banking, lending, investment, and education services. Membership is available to people who live or work in Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Madison, Nelson, or Orange and any business located in these areas.

The competition is named in honor of Dora Maxwell, a credit union pioneer, who worked with several organizations to improve the living standards of the poor and needy.

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