Center for Community Self-Help

Center for Community Self-Help
Company typeCDFI
Founded1980
HeadquartersDurham, North Carolina
Key people
Martin Eakes (CEO)
ProductsFinancial services
Microfinance
Number of employees
650+
Websiteself-help.org

Self-Help is a national community development financial institution headquartered in Durham, North Carolina. Between the years of 1980-2017, Self-Help reportedly provided over $7 billion in financing to 146,000 families, individuals and businesses. It aims to drive economic development and strengthen communities by providing financial services, lending to individuals, small businesses and nonprofits. It also aims to develop real estate and promote fair financial practices across the nation. Through its credit union network, Self-Help serves 150,000 members in North Carolina, California, Illinois, South Carolina, Virginia, Wisconsin and Florida.[1]

In recent years, Self-Help's credit union network has expanded.[2] In North Carolina, Self-Help Credit Union has merged with more than 10 community-focused credit unions—locally rooted institutions that sought to stabilize their operations and increase output. More recently, Self-Help has had mergers with community credit unions in Florida and South Carolina.

In 2008, Self-Help started serving in California as self-help federal credit union (SHFCU). In Los Angeles, Self-Help acquired five stores from a conventional check casher and converted them into a hybrid check casher/credit union model that serves unbanked and underbanked consumers.[citation needed]

Today, Self-Help Credit Union and Self-Help Federal Credit Union form a network of over 50 branches serving approximately 145,000 people in six states.[3]

  1. ^ "2017 Annual Report".
  2. ^ "Our Story | NC Credit Union History | Self-Help Credit Union". www.self-help.org. Retrieved 2015-11-09.
  3. ^ "2017 Annual Report".

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