2024 Annual Meeting
Financial Growth, Climate Impact, and Our Future Roadmap
The 2024 Annual Meeting of Clean Energy Credit Union served as a landmark celebration of the institution’s record-breaking growth and its deepening commitment to “Clean Energy for All.”
During the meeting, leadership highlighted a transformative year in which cumulative clean energy loan originations grew by 39%, surpassing $224 million and offsetting over 913,000 tons of CO2. Beyond the numbers, the event underscored a pivotal shift toward inclusivity, specifically through the official launch of the Clean Energy for All Loan Program—a strategic initiative designed to dismantle financial barriers for BIPOC and low-income borrowers. By focusing on both financial stability and environmental justice, the meeting reinforced the credit union’s role as a vital engine for an equitable green transition.
Future Initiatives & Our 2024 Roadmap
Look ahead with us as we detail our plans to strengthen our commitment to members and underserved communities. The presentation covers critical new programs and future opportunities:
- Greenhouse Gas Reduction Fund (GGRF): See how CECU is partnering to leverage GGRF funds to increase access for disadvantaged communities, introduce new products like Solar Leases and Green Home Loans, and increase our Clean Energy For All Loan Program discount.
- Expanding Access: Learn about the launch of the Clean Energy For All Loan Program in February 2024, which provides discounted rates to BIPOC and low-income borrowers.
- New Products: We’re launching a new loan program, Drive Clean California, to help low-income residents purchase electric vehicles.
- Technology Upgrades: Get details on our roadmap for software enhancements, including our Core Operating System Conversion and the introduction of Card Hub.
Key Highlights from the 2023 Financial Report
Discover the exceptional financial health and operational success achieved last year, enabling us to serve more members and expand our mission:
- Record Net Income: Net Income surged by an incredible 1,067% in 2023, reaching $978,117.
- Total Lending Power: We have now funded over $224 million in clean energy loans since our founding.
- Exponential Impact: Our cumulative loan originations grew by 39% to over 12,000 loans.
- Climate Results: Our financed projects have collectively offset over 913,148 estimated tons of CO2 equivalent.
Clean Energy Credit Union’s 2024 Annual Meeting
2023 was another incredible year for Clean Energy Credit Union. See what’s happening at Clean Energy Credit Union, including a look at our financials, CEO report, and updates from our board of directors below.