MONTEREY PARK, Calif. – With gas prices skyrocketing, Energy First Credit Union (EFCU) is doing its part for the environment and members’ wallets with a new Natural Gas Vehicle (NGV) auto loan promotion. Working with the Gas Company, a division of Sempra Energy, the $399 million credit union developed a program promoting the purchase and use of NGVs, which includes a discounted price on the car, a loan rate discount, special HOV privileges on the freeway-even with a single passenger, free metered parking in downtown Los Angeles and a possible $1,500 tax deduction on federal 1040 return. According to Energy First CU execs it’s a win-win situation for the environment, members and local American Ford and Honda dealers. To promote the environmentally friendly vehicles Energy First CU partnered with Financial 21 Community Credit Union, the San Diego credit union for SDG&E (a division Sempra Energy) employees and literally took the NGVs on the road. The road shows will stop at Gas Company locations for the next two months. The idea behind the road show is to let Gas Company staffers see and test drive the vehicles, learn ways to fuel them and hopefully find out more about financing.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.