Financial Services

EC Home 
offers convenient access to residential mortgage financing through Norwest Mortgage, Inc. by calling 1-888-ECHome1 (1-888-324-6631). ECHome features include:

• Competitive interest rates.
• You can work with your own realtor or builder.
• Full range of mortgage products, including conventional and government, and other innovative mortgages.
• Farmer Mac "Part Time" Farm Program offering loans of up to $1.3 million for residential properties with expanded acreage.
• Full customer pre-qualification, counseling assistance, and "60-minute" pre-approval services.
• Access to Norwest’s Home Buyers Club—a free value-added service that offers a positive approach to assisting customers with credit issues, providing educational and counseling opportunities and removing barriers to home ownership.

EC Home Improvement
Carbon Power & Light’s EC Home Improvement program allows cooperative members to finance certain home improvement projects at competitive rates by making one phone call.

This program can be used to finance a variety of energy efficient products, including electric thermal storage heaters, water heaters, window and door replacement and insulation. The loans also cover the installation costs.

Some other attractive features of EC Home Improvement loans include the following:

• Fast approval—usually in 5-10 minutes.
• No down payment or application fee.
• Loan amounts of $1,00 to $15,000.
• Flexible payment options—loans up to $5,000 can be paid over 12-60 months.

Loans between $5,000 and $15,000 can go up to 120 months.

• Fixed interest for the life of the loan.
• Prepayment allowed at any time with no penalty.

For more information on EC Home Improvement loans, please call Carbon Power & Light’s member services department.

EC Commercial
Carbon Power & Light has joined with First International Bank, N.A. to offer a unique commercial loan program to its members. EC Commercial is an equipment financing program that offers competitive borrowing options to active businesses dealing in manufacturing, agriculture, wholesale and distribution.

Certain professional firms are also eligible. Passive businesses such as commercial property and multi-family residential investments are not eligible.

Eligible items include most stationary equipment that consumes electricity and costs necessary to make the equipment operate, such as line extensions and ductwork. Large farm equipment such as balers and combines are eligible. Non-eligible items include construction, transportation, telecommunications and data processing equipment. Used equipment is not eligible.

EC Commercial features include:

• Competitive fixed and variable rates.
• Loan repayment plans up to 15 years.
• Loans from $10,000 to $500,000—over $500,000 on a case-by-case basis.
• Two-day turn around on credit decisions.
• Minimal $150 application fee.
• Call toll-free 877-288-0700 for courteous, professional service.

Carbon Power & light members can also choose from an expanded range of financial products for home purchases and refinancing, home equity and home improvement activities and financing. These programs are reviewed on page two.

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