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School Workers Federal Credit Union
CHARLOTTE NCCDFI Awards for School Workers Federal Credit Union
FA (2009) - $2,000,000
School Workers Federal Credit Union, now called the First Legacy Community Credit Union, was chartered in 1941 with the mission to serve employees of Charlotte’s school system and their families who had few options for financial services under segregation. School Workers FCU/First Legacy CCU serves low income African Americans with affordable consumer savings, credit and debit cards, auto loans and limited mortgage loans within a ten county area of the Western Piedmont region of North Carolina. It will use its FY 2009 Financial Assistance award to support loan loss reserves and branch expansion.
TA (2004) - $57,866
School Workers Federal Credit Union will use the award to help implement technology enhancements to its existing product line to provide broad access to the credit union by members. The debit cards and other technology improvement will position School Workers to be competitive with other financial institutions in the area.
SECA (2000) - $58,000
The profile for this award is not currently available.
CORE (2000) - $150,000
The profile for this award is not currently available.
CORE (1999) - $1,550,000
School Workers FCU will use its $1,550,000 CDFI Fund award ($1,500,000 capital grant, $50,000 technical assistance grant) to enhance its liquidity and assist in capitalizing its new mortgage loan product.
CORE (1996) - $150,000
The infusion of investment from the CDFI Fund, a $150,000 grant, will be leveraged many times over through increasing share growth. Increased strength in the institution"s net worth will enhance the credit union"s ability to launch new products and services and explore ways to enhance its field of membership.
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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