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Conference 7.286::dcu

Title:	DCU
Notice:	1996 BoD Election results in 1004
Moderator:	CPEEDY::BRADLEY

Created:	Sat Feb 07 1987
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1041
Total number of notes:	18759

117.0. "HEAT Loan at DCU?" by NOTIME::SACKS (Gerald Sacks ZKO2-3/N30 DTN:381-2085) Mon Aug 08 1988 10:35

    Has anybody out there received a HEAT loan through DCU?  How long did it
    take once the paperwork was in?  I want to get the insulation and new
    boiler before the weather gets cold, and I'm wondering if I'll do better
    with a bank than with DCU.

    Thanks,
    Gerald

T.R	Title	User	Personal Name	Date	Lines
117.1	not long...	TALLIS::GIBSON		`Fri Sep 30 1988 13:36`	5
	I got a HEAT loan through DCU primarily for the convenience. I didn't shop around for fastest turnaround time. DCU took a few days (maybe a week?) from application to crediting my account. /mark
117.2	HEAT loan from DCU	VLAB::BHAT		`Thu Jun 29 1989 09:40`	12
	I too have a HEAT loan from DCU. I had applied at the DCU branch in Marlboro (MR01). It was approved within a couple of days, and the application was handled very efficiently. Since it was an interest free loan, and the approval was to take only a few days, I didn't find a need to shop around at that time. P.B. Bhat
117.3	HEAT?!?!?	COOKIE::WITHERS	Short-Term Profits is an Oxymoron	`Thu Jun 29 1989 12:14`	10
	Forgive an ignorant question, but is a "HEAT" loan for the purpose of some sort of heating installation (as implied by .0) or is it an acronym I've never heard of? Also, if its for the purpose of upgrading heating facilities (in which case, why all-caps?) does anybody know if it applies to wood-burning stoves? Thanks, BobW
117.4	I am interested also	STAR::BUDA	Putsing along...	`Thu Jun 29 1989 17:37`	4
	Is this for heating fuel costs or the heating system? I am looking at installing a heating system and am quite interested. - mark
117.5	For Massachusetts residents only	NOTIME::SACKS	Gerald Sacks ZKO2-3/N30 DTN:381-2085	`Fri Jun 30 1989 16:49`	10
	HEAT loans are available to Massachusetts residents to improve their home's energy efficiency. We used ours to put in a new boiler and add insulation and weatherstripping. The interest is paid to the lender from money that Massachusetts got from a settlement with one or more oil companies who had overcharged consumers. For details see HOME_WORK note 2205, or ask your utility. We had a couple of minor problems with DCU handling this, mostly because they'd never done it before at ZKO, but it was worth it because of the convenience.