RALEIGH, N.C. — For Local Government Federal Credit Union "Green" means go for lower interest rate car loans for new hybrid and alternative fuel vehicles.
Since the price tag on hybrid and alternative fuel vehicles leans on the more expensive side, the $650 million credit union is offering "Green" car loans that carry an interest rate that is 1% less than the current new vehicle rate. To qualify as a "Green" car, the vehicle must be listed with the U.S. Department of Energy. Approved vehicles can be found by visiting www.fueleconomy.gov.
"We are always looking for new ways to improve the lives of our members," said LGFCU president Maurice Smith. "But being able to offer our members an incentive to reduce the consumption of petroleum based fuels is not only good for them, it's good for everyone."
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