Energy Impact Illinois Lender Matrix

Energy Impact Illinois Lender Matrix

North Side Community Federal Credit Union (NSCFCU)		Green Choice Bank (GCB)		Members Alliance Credit Union (MACU)		South Side Federal Credit Union of Chicago (SSFCUC)
Area Served	Individuals who live, work, or worship in Lakeview, Uptown, Edgewater and Rogers Park (See website for eligibility map) and employees of Select Enrollment Group(SEG) company participants may be eligible. See website for list of SEG companies.		Seven county metropolitan Chicago area (Counties of Cook, DuPage, Kane, Kendall, Lake, McHenry and Will) and the City of Rockford.		City of Rockford		Individuals who live, work, worship, go to school or participate in any association located in Chicago between 22nd Street on the North to the city limits on the South and from Lake Michigan on the East to Western Avenue on the West. (See website for details)
Lender Website	http://northsidecommunityfcu.org/		http://www.greenchoicebank.com/		https://www.membersalliance.org/		http://www.southsidecommunityfcu.org/
Minimum Loan Amount	$500.00		$1,000.00		$500.00		$500.00
Maximum Loan Amount	Ability to borrow up to $6500 (Loan amount may be limited to 90% of project cost.)		Ability to borrow (Loan amount may be limited to 90% of project cost.)		Ability to borrow (Loan amount may be limited to 90% of project cost.)		Ability to borrow up to $5000 (Loan amount may be limited to 90% of project cost.)
Maximum Loan Term	5 years		7 years		5 years		7 years
Program Fees	1). $25 loan application fee and $1 one-time membership fee. 2). For loan amounts of $500-$2000, member must keep $100 in their savings account, for loan amounts over $2000 member must keep $200 in their savings account.		1). All potential borrowers will be charged a non-refundable $250 loan application fee unless they open an account. If they open an account, the fee is waived.		1). There is no application/origination fee.2). A $25.00 deposit in a membership share (savings) account is required to maintain a membership account.Late payment fees as needed.		1). $25 loan application fee and $1 one-time membership fee. 2). For loan amounts of $500-$2000, member must keep $100 in their savings account, for loan amounts over $2000 member must keep $200 in their savings account.
Required Documents	1). Last paystub, if paid monthly or two most recent paystubs, if paid twice a month or bi-weekly or four most recent paystubs, if paid weekly or two most recent years of tax returns, if self-employed;2). Proof of Mortgage (mortgage coupon or statement);3). Employment Verification form; 4). Application portion completed, signed and dated; and5). Credit Statement completed, signed and dated.		1). GCB Energy Retrofit Loan application and personal financial snapshot provided by GCB;2). Most recent two months’ income documentation & ‘Verification of Employment’ form;3). Most recent two years federal income tax returns, with all schedules, attachments (W2s) & 4506-T form;4). Most recent two months’ bank/brokerage statements for all bank accounts; and5). Satisfactory Tri-merge credit report.		1). Completion of a loan application; 2). Credit report obtained by credit union staff for all applicants; 3). Income will be verified by paystubs or W2 form and self-employed applicants may provide 2 years of tax returns; 4). Employment may be verified by submitting a Verification of Employment form to the employer.		1). Last paystub, if paid monthly or two most recent paystubs, if paid twice a month or bi-weekly or four most recent paystubs, if paid weekly or two most recent years of tax returns, if self-employed;2). Proof of Mortgage (mortgage coupon or statement);3). Employment Verification form; 4). Application portion completed, signed and dated; and5). Credit Statement completed, signed and dated.