Chatham-Lee Credit Union

Pittsboro NC


Chatham-Lee Federal Credit Union (CLFCU) began operations in 1956 and is a certified CDFI. CLFCU provides a variety of financial services to its targeted market of low-income individuals and African Americans residing in Chatham and Lee counties, NC.

CDFI Awards for Chatham-Lee Credit Union


SECA (2002) - $150,000

The technical and financial assistance from the CDFI Fund will allow the credit union to achieve its Business Plan objectives of modernizing its technology to operate more efficiently, and to compete with predatory lenders in its community by offering low cost check cashing and home equity loans.



SECA (2001) - $20,250

The Technical Assistance award will cover consulting services necessary to develop various policies and procedures for the Awardee, staff salary for the development of a loan tracking program, technology for the implementation of share drafts and ACH depositing, and training for both board members and staff in all aspects of lending and credit union management.



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