June 2012

MEMORANDUM

SUBJECT: Lending institutions that provide discount s for more fuel-efficient vehicles

FROM: Gloria Helfand, Assessment and Standards Divi sion Office of Transportation and Air Quality U.S. Environmental Protection Agency

On April 9 and 10, 2012, I conducted an internet se arch to identify whether there are lending

institutions that consider vehicle emissions and fu el economy performance when considering the

terms of a loan. In this exercise, I searched on t he term “green auto loan,” and also reviewed EPA SmartWay’s information on lending institutions providing discounted auto loans for SmartWay Certified Vehicles (http://www.epa.gov/sma rtway/vehicles/smartway-certified.htm). This search identified approximately 60 lenders tha t provide a reduced auto loan rate for consumers who purchase a more fuel-efficient vehicl e. The following list is the result of those searches. EPA does not endorse any of the lenders, nor do we believe this is a complete list.

General

CarLoans123.net http://www.carloans123.net/low_rate_new_car_loan.ht ml

FastandFuriousCarLoans.com http://www.fastandfuriouscarloans.com/go_green_auto _car_loan.html

90 Second Car Loans.com http://www.90secondcarloans.com/go_green_add.html

Rapidcarloans.net (National) http://www.rapidcarloans.net/green_car_loans.html

QuickAutoLoans.com http://www.quick-auto-loans.com/

Banks

Key Bank (14 states) https://www.key.com/personal/vehicle-loans-lines/au to-loans.jsp

Savers Bank (MA) http://www.saversbank.com/greenauto.php

US Bank (National) http://www.usbank.com/loans-lines/auto-loans/green- auto-loan-rate-discount.htmlCredit Unions

Alabama Telco Credit Union (AL) https://www.alatelco.org/prodserv/green_auto_loan/

Credit Union 1 (AK) https://www.cu1.org/auto_loans.aspx

Cabrillo Credit Union (CA) https://www.cabrillocu.com/vehicle-loans/

Educational Employees Credit Union (CA) http://www.myeecu.org/home/resource-center/car-buyi ng-resources

First Tech Federal Credit Union (CA) https://www.firsttechfed.com/vehicle/

Fresno County Federal Credit Union (CA) http://www.fresnocfcu.org/home/rates/loan

Keypoint Credit Union (CA) https://www.keypointcu.com/personal/auto-loans-deta il.aspx?id=168

Point Loma Credit Union (CA) http://www.plcu.com/loans_vehicle/greencarloans.asp

San Jose Credit Union (CA) https://www.sjcu.org/?Cabinet=MAIN&Drawer=LOANS&Fol der=Go+Green+Loans&SubFolde r=Go+Green+Loans&Page_name=Go+Green+Loans

Stanford Federal Credit Union (CA) https://www.sfcu.org/loans-and-credit-cards/persona l-loans/auto/drive-green-auto-loan

Capitol Region Federal Credit Union (CT) http://www.capitolregionfcu.org/asp/rates.asp

Bank-Fund Staff Federal Credit Union (DC) http://bfsfcu.org/products_and_services/loans/vehic le_loans/green_auto_loan.html

Bright Star Credit Union (FL) https://www.bscu.org/gogreen/index.htm

Central Credit Union of Florida (FL) http://www.ccufl.org/ratesCommunity First Credit Union (FL)

http://www.plcu.com/loans_vehicle/greencarloans.asp

Tampa Bay Federal Credit Union (FL) http://www.tampabayfcu.org/index.php/rates/consumer -vehicle-loan-rates.html

Georgia’s Own Credit Union (GA) https://www.georgiasown.org/vehicle_loans.html

University of Hawaii Federal Credit Union (HI) https://www.uhfcu.com/green/car.html

Eli Lilly Federal Credit Union (IN) http://www.elfcu.org/news/20120307/go-green-buy-sma rt-to-combat-gas-prices/

DuTrac Community Credit Union (IA) http://www.dutrac.org/lending-services/auto/ez-gree n

Veridian Credit Union (IA) http://veridiancu.org/loans/green_loan.asp

University of Iowa Community Credit Union (IA) http://www.uiccu.org/loans/auto-loans.html

Pelican State Credit Union (LA) http://www.pelicanstatecu.com/loans_secured.aspx

Lafayette Federal Credit Union (MD) http://www.lfcu.org/vehicle.html

NIH Federal Credit Union (MD) http://www.columbiacu.org/loans/green_auto.asp

CPCU Credit Union (MA) http://www.cpcu.org/loans_ee.html?silverheader=2

Hanscom Federal Credit Union (MA) https://www.hfcu.org/personal/loans/vehicle_loans.h tml

Harvard University Employees Credit Union (MA) https://www.huecu.org/auto-loans/go-green.-save-gre en.,1012.html

UMassFive College Federal Credit Union (MA) https://secure.umassfive.org/green_loan.html

United Financial Credit Union (MI)http://www.unitedfinancialcu.org/ps-autocenter.php

Affinity Federal Credit Union (NJ) http://www.affinityfcu.org/site/loans_auto_finance. html

Local Government Federal Credit Union (NC) https://www.lgfcu.org/loans/pages/greenCar.php

State Employees’ Credit Union (NC) https://www.ncsecu.org/GreenLoans/GreenVehicle.html

Welcome Federal Credit Union (NC) http://www.welcomecu.org/loans/index.php

Southern Chautauqua Federal Credit Union (NY) https://www.665-7000.com/auto.html

FAA Credit Union http://www.faaecu.org/loans/auto-loans#/tab/new-aut os

Tinker Federal Credit Union (OK) https://www.tinkerfcu.org/aV3_Web_Site/Loans/Green_ Vehicle_Loans.html

Northwest Resource Federal Credit Union (OR) http://www.nrfcu.org/loans/auto_boat_rv.shtml

OnPoint Credit Union (OR) https://www.onpointcu.com/personal/mortgages_and_lo ans/auto.html

Unitus Community Credit Union (OR) https://www.unitusccu.com/personal/personal-loans/a uto-loans/green-auto-loans

Bucks First Federal Credit Union (PA) http://www.bucksfirstfcu.org/loan_al.html

Carolina Trust Federal Credit Union (SC) https://www.carolinatrust.org/loans-vehicle.aspx#th inking

SAFE Federal Credit Union (SC) http://www.safefed.org/loans-credit/vehicle-loans.a spx

City Credit Union (TX) https://www.citycu.org/l_loans.htm#Green_Vehicle_Lo ans

Wasatch Peaks Credit Union (UT) http://www.webercu.com/rates/loanRates.phpPiedmont Credit Union (VA)

http://www.piedmontcu.org/category/tags/auto-loan

The Partnership Federal Credit Union (VA) https://www.thepartnershipfcu.com/loanproducts.html #veh

Columbia Credit Union (WA) http://www.columbiacu.org/loans/green_auto.asp

OBee Credit Union (WA) https://www.obee.com/pages/loans-and-credit-cards/g reen-auto-loans.php

Seattle Metropolitan Credit Union (WA) http://www.smcu.com/home/loans/green

Sound Credit Union (WA) http://www.soundcu.com/personal/auto-loans/green-au to-loans/

Dane County Credit Union (WI) https://www.dccu.us/loans-and-credit/vehicle-loans. php