OKLAHOMA FINANCIAL COMPANIES PROVIDING NGV LOANS

Three Oklahoma-based financial institutions—Citizens Bank of Edmond, Allegiance Credit Union, and Communication Federal Credit Union—have launched new loan programs to help individuals and businesses convert or buy new NGVs. “By converting fleet vehicles to CNG, businesses of all sizes can have opportunities to reap significant fuel savings,” said Jill Castilla, Citizens Bank’s chief credit officer. “Our program is designed specifically to help businesses realize the expected financial benefits a CNG fleet can offer.” On the other hand, Allegiance Credit Union is focused on helping individuals with their NGV purchases. “CNG conversions offer drivers serious savings and our low-cost signature loans can help individuals capture those benefits for themselves,” said Laurel Pope, vice president of corporate development for Allegiance. “We can help our members declare their energy independence from high gasoline prices.” Communication Federal will also help finance new NGVs, conversions, and home-fueling appliances, said Stephen Lark, the credit union’s vice president of marketing and corporate development. Loan rates for new vehicles can be as low as 1.99 percent.