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Energy First CU Promo Goes Green

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...

By Staff Writer | Updated on July 20, 2004

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.

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