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Self-Help Credit Union
301 W Main StDurham NC, 27701-3227
CDFI Awards for Self-Help Credit Union
FA (2007) - $487,800
Self-Help Credit Union is a certified CDFI and has been providing financing services since 1984. Its target market consists of low-income African Americans and Latinos in North Carolina and the Washington DC metropolitan area. The credit union also serves a national Investment area for charter school lending. Self-Help will use its FY07 Financial Assistance award to support its net assets base, increasing the opportunity to raise more deposits to support its lending activities.
FA (2006) - $585,000
Self-Help Credit Union is a certified CDFI established in 1983. Self-Help finances investments in homes and businesses in low-income communities in North Carolina and the Washington D.C. metropolitan area. Self-Help will use the 2006 Financial Assistance Award of $585,000 to provide loans to microenterprises, businesses, and charter schools in their North Carolina and Washington, DC service area.
FA (2005) - $1,398,750
The $1,398,750 FA award will be used to provide homeownership loans in North Carolina and in the metropolitan Washington DC area where Self-Help opened a new office in 2003. The award is expected to leverage additional funds resulting in $20 million in additional lending capital. Self-Help"s mortgage loans offer an affordable alternative to the predatory mortgages that often create great financial difficulties for elderly and low-income borrowers.
Other Community Development Financial Institutions in North Carolina
CAHEC New Markets, LLC
Raleigh
Chatham-Lee Credit Union
Pittsboro
College Heights Credit Union
Fayetteville
Lumbee Tribe of North Carolina
Pembroke
MAY Coalition, Inc.
Spruce Pine
Metropolitan Community Credit Union
Washington
School Workers Federal Credit Union
CHARLOTTE
Self-Help Credit Union
Durham
Self-Help Ventures Fund
Durham
South East Community Credit Union
Wilmington
Tri County Credit Union
Ahoskie
Victory- Masonic Mutual Credit Union
Winston-Salem
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