Self-Help Federal Credit Union was formed in 2008 to build a network of credit union branches to operate on a scale uncommon in the community development industry.
Self-Help Federal is part of the Self-Help family of non-profit organizations with a common mission and leadership. Over its 43-year history, Self-Help has learned that access to responsible savings, loans, and transactions is key to financial security, family healthy, and improved opportunity for low-income families. Self-Help has delivered $10.9 billion in financing through more than 160,000 loans to families, individuals, and organizations across the nation.
Self-Help’s Family of Organizations
The Center is a charitable nonprofit 501©(3) organization that develops and coordinates Self-Help’s programs, raises resources and advocates for economic opportunity. All four of the below affiliates are also nonprofits.
Self-Help Credit Union was founded in 1983 and is a member-owned, federally-insured, North Carolina-chartered credit union originally begun to raise deposits from members to make commercial, consumer and home loans. In order to expand our impact and provision of services, Self-Help Credit Union in 2006 began merging in North Carolina credit unions, and now has branches in Florida and South Carolina as well. Self-Help Credit Union now has 37 branches and lending offices, over $1.7 billion in assets, and serves more than 90,000 members.
Self-Help Federal Credit Union
Self-Help Federal Credit Union was chartered in 2008 to build a network of credit union branches to operate on a scale uncommon in the community development industry. Through a series of mergers, acquisitions, and new branch launches, in California, Illinois, Washington, and Wisconsin, we are building a community development credit union that aims to provide high-impact financial services to working-class communities. Self-Help Federal now has 38 branches, approximately $2 billion in assets, and serves over 93,000 people.
The Ventures Fund is a nonprofit 501©(3) loan fund capitalized with loans and grants from foundations, religious organizations, corporations and government sources. It manages Self-Help’s higher-risk business loans, real estate development and home loan secondary market programs.
The Center for Responsible Lending is a national nonprofit, nonpartisan research and policy organization. CRL is dedicated to protecting homeownership and family wealth by working to eliminate abusive financial practices.