Tuesday, July 24, 2012

Green Grants partners with First Associates to bring solar power to Louisiana

Green Grants partners with First Associates to bring solar power to
Louisiana

- Program helps Louisiana homeowners benefit from federal, state tax credits to lower
cost by 80 percent-



SAN DIEGO – July 24, 2012 – First Associates Loan Servicing, one of the country’s fastest growing consumer loan and lease servicers, was selected by Green Grants to service its rapidly expanding residential solar power lease portfolio.

The organization helps Louisiana homeowners benefit from federal and state tax credits to lower the costs of going green by 80 percent.

“Our goal is to be the consumer’s one-stop-shop for energy efficiency and renewable energy by taking away the headache and expense of implementing solar power systems for Louisiana homeowners,” said Tom Neyhart, President of Green Grants. “That not only includes the implementation process, but also how our customers are cared for when they are making their monthly payments. We needed a servicing company that put our customers first by communicating with them early, often and with the highest level of customer care. First Associates was clearly the best choice.”

Historically, Louisiana homeowners were required to bear the upfront cost of solar projects and claim these credits at the end of the year against any tax liability, thereby excluding those that couldn’t afford to do so. Green Grants’ leasing program covers the upfront cost and provides homeowners with the power of solar. The offering not only has the potential to make Louisiana the greenest state in America, but reduce every resident’s monthly energy bill by up to $100.

“The partnership is a great one for us because our companies have similar approaches to customer service,” said David Johnson, CEO of First Associates Loan Servicing. “We’re in the business of helping people achieve their solar power ambitions, and work towards a more economic and environmentally-friendly future. We understand that the term “service”

Tuesday, July 3, 2012

First Associates to service Student CU Connect CUSO, LLC (SCUC) loans


First Associates to service Student CU Connect CUSO, LLC (SCUC) loans

- Organization to tap company’s expertise for students with college expenses not covered by federal, state funding sources -

SAN DIEGO – July 2, 2012 – First Associates Loan Servicing, one of the country’s fastest growing consumer loan servicers, was selected by Student CU Connect CUSO, LLC (SCUC) to service the SCUC $100M portfolio of private student loans.

“Like the other programs supporting students, this consortium of seven credit unions serves a specific niche by offering private education loans to help pay tuition and other college expenses not covered by student aid from federal, state and other funding sources,” Tony Ferris of Student CU Connect CUSO, LLC. “To do so effectively, we needed a servicing firm that viewed the students not simply as borrowers, but individuals committed towards enhancing their education and formulating a responsible financial future. First Associates is that partner.”

SCUC is a service organization formed by seven credit unions. Loans under the program are made available to eligible students by Eli Lilly Federal Credit Union. Under the program, an eligible student may borrow from $1,000 up to the cost of their education, less all federal and state grant and loan aid received by the student and his or her parents for the student’s education.

“We’re pleased with this vote of confidence from SCUC and Eli Lilly,” said David Johnson, CEO of First Associates. “The CUSO’s selection of First Associates is the culmination of a one-year due diligence process that demonstrated the superior performance that our model can produce for investors, borrowers and schools. SCUC has an excellent team in place and we look forward to working with them.”

Check it out here as well!