Mission Fed is being awarded for its long-standing commitment to sustainability – including the reduction of over 3 million pounds of carbon emissions since they first became a Bilancio partner. This is the equivalent of removing 650 gasoline-powered vehicles off the road, 600 homes electricity or 375 million smartphones charged for one year.
Community Development Financial Institutions (CDFIs) have been a leader in addressing economic and racial inequities for decades. As we see climate change more adversely impacting many of our underserved and most vulnerable communities, this is an important opportunity for CDFIs to come to the forefront and be part of the solution, helping to build more sustainable communities.
Reducing a credit union’s carbon footprint and increasing its business results through sustainability efforts are all about setting goals that make a difference—plus taking one key step—contends United Nations FCU.
Following natural disasters, credit unions traditionally step in to help members regain their footing through low-interest loans, lines of credit and other emergency initiatives. But the same climate risks can affect the credit unions as well.