SAN ANTONIO–Soarion Credit Union has been selected to receive $11 million as part of Inclusiv’s Greenhouse Gas Reduction Fund (GGRF) Clean Communities Investment Accelerator (CCIA) program. 

The funding is designed to help credit unions expand their portfolios to offer affordable clean energy financing that can reduce energy costs for the members they serve.

The future of the program and its funding, as well as others, was the subject of considerable discussion during America’s Credit Unions’ GAC this week, as The CU Daily reports separately. 

Soarion CU noted it was selected among 108 credit unions from around the U.S. and Puerto Rico to receive a combined $651 million in the first round of CCIA awards by Inclusiv, which primarily represents CDFIs and low income-designated credit unions.

“This award is a significant investment that will allow low-income and disadvantaged members to afford energy-efficient upgrades that help reduce high energy costs, air pollution, and greenhouse gas emissions,” the credit union said in a statement. 

Grant for ‘Home X’ Products

The CCIA award for the $600-million Soarion will be part of the credit union’s HomeX loan products, which launched in 2024 and enable homeowners to finance sustainable improvement projects, it added.

“Soarion Credit Union is honored to be among the first credit unions to receive the CCIA award, which will allow us to continue offering valuable resources and innovative financial solutions to our members,” Chief Lending Officer Justin Eddleton said in a statement.

According to the organization, funding from the CCIA award will help low-income and disadvantaged consumers through upgrades such as: efficient heating and cooling systems, efficient appliances, electric vehicles, electric vehicle charging stations, and solar panel systems. 

As the CU Daily reported here https://thecudaily.com/cardinal-credit-union-to-receive-3-9m-as-part-of-inclusiv-clean-communities-program/ Cardinal Credit Union in Ohio reported earlier this week it has also been selected for $3.9 million in funding from the program.