UMassFive College Federal Credit Union
200 Westgate Center Drive
Hadley, MA 01035
USA
https://umassfive.coop/
As an independent not-for-profit cooperative financial institution, UMassFive College Federal Credit Union is owned by and operated exclusively for the benefit of our members. Our members include employees, students, and family members of the University of Massachusetts and the Five College systems. We also serve several smaller local educational and service organizations.
UMassFive is proud to offer solar financing through our own MySolar Loan, and we make it easy for installers and consumers alike. Please familiarize yourself with the information below as it will ensure a smooth transaction for you and your clients.
There are three ways for Solar Installers to become eligible for MySolar client financing:
- All Expedited installers in the MA Clean Energy Center’s Mass Solar Loan program are automatically eligible.
- All installers certified by the North American Board of Certified Energy Practitioners (“NABCEP”) are eligible upon receipt of the Installer Questionnaire and cover page of your general liability policy.
- All others must be vetted and provide completed Installer Questionnaire, coverage page of general liability policy, and copy of Master electrician license.
UMassFive is a not-for-profit financial cooperative, and as such, can only make loans to members of the cooperative. All borrowers on a MySolar Loan from UMassFive must be members prior to any loan disbursal. If there are joint applicants on the Solar Loan, both borrowers must be members. We can pre-approve your client at any time, but no funds can be disbursed prior to them becoming members.