Welcome to a comprehensive look at how Inclusiv is helping member credit unions understand and access the Greenhouse Gas Reduction Fund.
Inclusiv has spent the past few years advocating for Community Development Credit Unions (CDCUs) to gain access to the $27 billion Greenhouse Gas Reduction Fund (GGRF). CDCUs can and should be leaders in driving climate investment in their local economies – the credit union system should not miss out on the Inflation Reduction Act’s (IRA) historic investment in the GGRF, and on the opportunity to forever expand the reach and scope of the credit union system.
Credit unions will be eligible to receive funds from the GGRF grant pools through non-depository intermediaries, such as Inclusiv. Credit unions will play a major role in ensuring this funding reaches all communities, particularly historically redlined, rural, immigrant and other underserved communities, equitably. GGRF funds will take the form of technical assistance and equity grants, subordinated debt, and other supports. As a result of this funding, credit unions will be able to scale their green lending, with a focus on core credit union strengths: consumer, auto and home improvement lending – all with a green lens.
- See below to learn how Inclusiv is advocating for CDCUs to access the GGRF.
- It’s not too early to start preparing your CDCU, Inclusiv and University of New Hampshire offer CDCUs training courses in how to develop clean energy and other green loan products. Apply Now