Reaching New Communities in Need
In 2008, we began service in California with Self-Help Federal Credit Union. Self-Help Federal has grown through mergers with community-focused credit unions in the Bay Area and Central Valley. In Los Angeles, we 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.
When federal regulators closed Second Federal Savings and Loan in the Chicago area, Self-Help partnered with local community organizations to keep its branches open and assist customers. Late in 2012, Self-Help Federal acquired Second Federal, continuing service to 14,000 predominantly Latino depositors and borrowers.
In January 2016, Self-Help Federal merged
with Community Trust Federal Credit Union, a small institution with a large local impact serving farmworkers in rural Apopka, Florida.