Self-Help’s mission is to create and protect ownership and economic opportunity for all. That means making loans to people who aspire to buy their first home or launch a small business. It means building stronger communities by lending to nonprofits, community health facilities and public charter schools. It means investing in communities that have been forgotten. And it means standing up for fair public policies that promote wider opportunities for the working families we serve.
Self-Help Credit UnionNorth Carolina
Expanding access to financial services in North Carolina
In 2013, we welcomed 11,000 new members through a merger with United Services Credit Union, which has served western North Carolina since 1954. We also introduced new products and services, including mobile banking and a WealthBuilder loan for members with high-cost credit.
- Serves 51,000 members in North Carolina
- Self-Help Credit Union branches: 21
Self-Help Federal Credit UnionCalifornia and Chicago
Helping families in California and Chicago.
In 2013, we provided our members with responsible financial services, such as small-dollar loans, checkless checking and loans for young immigrants. We also offered hybrid check-cashing/credit union services to nearly 20,000 unbanked customers. In Chicago, where Self-Help stepped in to purchase the operations and loans of a failed bank, we helped more than 130 families avoid foreclosure.
- Serves 50,000 members in California and Chicago
- Self-Help Federal Credit Union branches: 20
Growing to Serve More Members
in 4 years!
Helping to Shape New Mortgage Rules
We helped to create the new "Qualified Mortgage" rules that will help avoid another housing crisis and bring the market back to safe, sustainable lending.
Affordable Home Loans
Lending to working families for 30 years.
We made 479 home loans in 2013 – more than we’ve ever made in a single year. Our flexibility allows us to serve borrowers of all kinds, including families with high aspirations but low resources. We also work with troubled borrowers to help them avoid foreclosure.
RESPONSIBLE HOME LOANS
Building and financing affordable housing to help families, neighborhoods and communities.
The effects of the mortgage crisis persist: damaged neighborhoods, families struggling to recover from foreclosure, and lower-income buyers shut out of the market by cash-ready investors. We develop and finance affordable housing to help solve these problems, focusing in hard-hit neighborhoods where our investment will make a strong impact.
- Financed development
- Directly developed
Lending to projects that make a big difference.
We make loans that have a positive impact for local economies and communities. In 2013 our lending included complex commercial real estate projects, big loans to public charter schools and more than $11 million in loans to solar energy installations across North Carolina.
Supporting education, child care and other community services
Every child deserves access to a high-quality education. We lend to child care centers and high-performing public charter schools that address the achievement gap. In 2013, we lent $62 million to community service providers like charter schools, child care centers, nonprofits and affordable housing developments.
student slots created or kept
Become a part of our story.
We're building on the successes of 2013, but can't do it alone.
Please join us in our work.
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