Please consider making a tax-deductible donation to support the Clean Energy Credit Union’s growth. All donations can be made via the American Solar Energy Society (ASES), which is our 501(c)(3) “fiscal sponsor.” This means that the Clean Energy Credit Union is a project that ASES supports and which is aligned with its charitable purpose as a 501(c)(3).
Donations can be made by mailing a check with “Clean Energy Credit Union” in the memo line and made payable to:
American Solar Energy Society
2525 Arapahoe Ave, Ste E4-253
Boulder, CO 80302
Upon receiving donations of $250 or more, ASES will provide a receipt for your records. To learn more about ASES, click here.
While the Clean Energy Credit Union is a self-sustaining 501(c)(1) organization, with the help of donations, our credit union will expand its operations, positive impact, and clean energy lending faster than otherwise. Since credit unions can’t have stockholders, we therefore can’t raise money in that way. So, credit unions can only fund themselves with either donations or retained earnings (i.e. profit). Furthermore, due to federal regulations, credit unions must maintain a certain amount of capital reserves at all times. The end result of this regulation is that for every $1 in donations our credit unions receive, it allows us to accept $14 of federally insured member deposits and then lend out the combined $15 for clean energy loans. Your donation would therefore be leveraged by 14-to-1 to help us fulfill our mission, and your donation essentially becomes part of a revolving loan fund whereby we can reuse it to make clean energy loans again and again in perpetuity.