Dayton-Springfield, OH (1888PressRelease)
July 21, 2010 - GE Money, the consumer lending Unit of General Electric Company (NYSE:GE - News), announced a multi-year agreement to provide the GE Money Home DesignSM consumer financing program through the Air Conditioning Contractors of America (ACCA), the nation's largest association of professional environmental systems contractors.
"GE Money is known for their ability to provide consumers with convenient, affordable financing options," said Paul Stalknecht, president and CEO for ACCA. "The Home Design program includes special financing offers to make the purchase of HVAC products faster and easier, and it is sure to be an asset to our contractors and their customers."
The program, managed by GE Money's Sales Finance Unit, is available through ACCA's group of more than 4,000 air conditioning contractors nationwide, and can be used to finance HVAC-related purchases and repairs. Consumers can find an ACCA contractor in their area via GE Money's online Business Locator.
"ACCA provides its members with the resources they need to succeed, and we're pleased to partner with them in offering a financing solution," said Bruce Christensen, vice president and general manager for GE Money. "ACCA contractors will enjoy a number of benefits, including our Web-based finance management portal, Business Center, to easily and securely manage their credit programs. Cardholders enjoy complete online account management as well." Christensen went on to explain how GE Money's Sales Finance unit provides billions of dollars of consumer financing through more than 145,000 small and medium businesses nationwide.
About the Air Conditioning Contractors of America
For more than forty years, the Air Conditioning Contractors of America has served the educational, policy and technical interests of the small businesses that design, install, and maintain indoor environmental systems. ACCA is a non-profit organization with members in all 50 states and over 20 countries. Learn more at www.acca.org.
About GE Money
GE Money's Sales Finance Unit, based in Kettering, Ohio, is a part of General Electric Company's GE Capital division, (NYSE: GE), which has extended more than $146 billion of credit to some 50 million consumers in the U.S. since January 2008. Visit GE Capital: Advertising to learn more about GE Capital's role in the American renewal.
GE Money provides credit card programs and financial services for consumers through dealers; national, regional and independent retailers; associations; contractors; manufacturers; healthcare practices; and service providers in nearly 20 industries including: automotive, consumer electronics and appliances, elective health care, floor covering, home design and improvement, home furnishings, jewelry, music, powersports, outdoor power equipment and sporting goods. More information can be found at www.gemoney.com, twitter.com/GEMoneyUS, www.gecapital.com and twitter.com/gecapital.
GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, health care solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com, www.gereports.com and twitter.com/ge_reports.
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