Genesee Co-op is mentioned in Next City about our use of the Federal Home Loan Banks Zero-Deposit Advance Program. The Federal Home Loan Bank system’s targeted lending programs support loans for small business, climate resilience, and infrastructure, in addition to housing.
Story by Oscar Perry Abello
What would you do with $4 million in free money? You’d have to give it back in three years, but what could you do with it in the meantime?
Based in Rochester, New York, the $47 million Genesee Co-op Federal Credit Union used $4 million in free money to make loans for residential solar installations and energy efficiency improvements for low- and moderate-income homeowners in historically underserved communities.
Genesee Co-op
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