Self-Help Shares


Our 2017 Self-Help Scholars

By Brian Jackson, intern
  | Jun 22, 2017

Scholarship winners 2017

Each year our Self-Help Credit Union branches offer $500 to a local student planning to attend vocational school or college. We evaluate each application on the student’s proven commitment to community service through leadership or volunteer activities. Each applicant also submits an essay on the value of credit unions in the community. Here we present our 17 winners.

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Extending our Family in Florida and Chicago

By Staff
  | Jun 15, 2017

Seaway photo    Jax_Metro_Logo

Recently Self-Help Credit Union and Self-Help Federal Credit Union each had a significant merger, expanding our mission footprint in Florida and Chicago, respectively. Effective June 1, Jax Metro Credit Union joined Self-Help Credit Union. The other recent expansion came on May 1, when Chicago’s Seaway Bank became part of Self-Help Federal Credit Union.

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Honoring the Late, Great Chuck Davis

By Anthony Scott
  | Jun 07, 2017

Chuck Davis

This past Saturday I attended the funeral service of Baba Chuck Davis in Durham, North Carolina. In the African tradition, “Baba” means father. In Durham, I think it’s safe to say that “Baba” means Chuck Davis!

Before I even reached Union Baptist Church it was clear that I was approaching the right place. The air was carrying the unmistakably deep, tight beat of African drummers and the song of an unrestrained praise choir at full voice.

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Taking the First Step Towards Homeownership

By Suzanne Julian
  | Jun 01, 2017

New homeowner Anika Williams and daughters

When Anika Williams walked into a Self-Help Credit Union branch in February of 2015, she was nervous. She had a clear goal in mind: She wanted become a homeowner. But the path to reaching her goal seemed daunting, full of steps she didn’t fully understand. She knew she had a low credit score, but she wasn’t sure how to improve it. Anika remembers, “I knew what I wanted, but I didn't know how to get there.”


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Financial Tips for Recent Grads

By Staff
  | May 25, 2017

new grad

College is in your rearview mirror, and you’re about to enter the working world. Although snagging a job certainly calls for a celebration or two, it is also time to start tackling the various financial responsibilities that await you, like saving for retirement and improving your credit score. Here’s an overview of where to get started, including several best practices to help you along the way.


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Community Development Focused on Asian Pacific Americans

By Staff
  | May 18, 2017

Community Development Focused on Asian Pacific Americans

 

Graphic courtesy of National CAPACD

This month is National Asian Pacific American Heritage Month, and many people are celebrating the history and culture of Asians and Pacific Islanders in the US. Here we salute a partner that is focused on the financial well-being of these diverse groups. The National Coalition for Asian Pacific American Community Development (“CAPACD” or “the Coalition”) supports nonprofit organizations working in communities all over the nation to expand economic and educational opportunities for lower-income Asian Americans and Pacific Islanders (AAPIs). 

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Measuring Impact and Celebrating Successes

By M. Eakes
  | May 11, 2017

See our annual report here.

 

Annual Report 2016

 

To all members, partners and friends:

Last year was one of growth and increased impact for the Self-Help family of credit unions. In all our locations—North Carolina, California, Florida and Chicago—we and our partners continue to demonstrate that families of modest means can build wealth when given the opportunity.

Our annual report highlights just a few of the ordinary people we met in 2016 who do extraordinary things every day. I hope you will take a few minutes to see what we’re accomplishing together.

Martin Eakes
CEO




Milestone: 15 Years of Fighting Predatory Lending

By Staff
  | May 04, 2017

Mike Calhoun Wade Henderson 

In the late 1990s, leaders at Self-Help Credit Union began to notice a disturbing trend. While Self-Help was helping lower-wealth families buy their first home, predatory lenders were busy targeting the same families for subprime refinances. Too often these refinances drained the homeowners’ resources until they lost their homes. When a borrower came to us owing more than $47,000 on a house that originally cost $29,000, we knew we had to act. Thus, our affiliate organization the Center for Responsible Lending (CRL) was born.*

Today, fifteen years later, CRL continues to stand up for fair loans that build wealth and fight predatory lending practices. On April 25, the organization celebrated its anniversary with a reception in New York City.

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Hands-On Work on the Hub Farm

By Staff
  | Apr 27, 2017

Melissa and Neil at the Hub Farm

Kids may study biology or earth science, but they probably aren’t catching tadpoles, collecting chicken eggs or observing an ecosystem up close—unless they’re lucky enough to visit the Hub Farm.The Hub Farm is a 30-acre educational farm managed by Durham Public Schools. To celebrate Earth Day, two Self-Helpers took an afternoon to volunteer.

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Continuing the Mission, Preserving the Legacies

By Lauren Marlot
  | Apr 20, 2017

Second Federal Savings & Loan Association of Chicago

Archival picture of the lobby of our branch in Chicago, Second Federal Savings & Loan Association of Chicago 

In 1882, a bank was established in the Little Village community of Chicago, and it has been serving immigrants ever since. In 1974, Kern Central Credit Union formed in Bakersfield, California to serve employees of a refinery and, later, employer groups such as the United Farm Workers of America. A few years later, on the other side of the country, four nuns started a credit union in Apopka, Florida ...

These are just a few of the 21 financial institutions—69 institutions, including all their branches—that have now merged into the Self-Help family.

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