[Jackson, MS] January 14, 2019 — The National Baptist Convention USA, Inc. (NBC), will officially launch a national deposit-raising campaign during its mid-winter Board Meeting on Tuesday, January 15, 2019, at 10:45 a.m. at the Jackson Convention Complex in Jackson, Mississippi.
The initiative seeks to raise $50 million over the next three to five years to open a NBC-founded credit union.
The multi-year, multi-million dollar funding campaign calls on NBC members and supporters to make individual federally-insured deposits with Self-Help, a group founded to expand economic opportunities, provide technical support, financial services and advocacy for underserved communities. Once the Convention is granted regulatory approval, depositors may begin to transfer funds to the newly chartered NBC credit union.
The partnership builds on an established relationship between NBC and the Center for Responsible Lending, the consumer advocacy arm of the Self-Help family of organizations.
“Credit unions are closely aligned with our mission and work,” states Dr. Jerry Young, president of the National Baptist Convention, USA, Inc. “The National Baptist Convention USA, Inc. has always recognized the importance of working together and pooling our resources to build strong communities. Creating this credit union is a natural extension of our historic mission of increasing both the spiritual and financial well-being of our member churches and their parishioners nationwide.”
About the National Baptist Convention, USA, Incorporated
Founded in 1886, the National Baptist Convention, USA, Inc. is the nation’s oldest and largest African-American religious convention with an estimated membership of 7.5 million. Led by its president, Dr. Jerry Young, the Convention is comprised of churches in 43 of the 50 states, representing more than 31,000 churches throughout the U.S. NBC membership participation is the key to the creation of the credit union. Learn more at nationalbaptist.com.
About Self-Help
Self-Help is one of the largest community development financial institutions in the United States. The Self-Help family of nonprofit organizations includes Self-Help Credit Union, Self-Help Federal Credit Union, a national loan fund and the Center for Responsible Lending, a policy and advocacy organization addressing abusive lending practices. Since 1980, Self-Help has provided over $7 billion in financing to over 150,000 families, individuals and businesses. The organization’s activities help to drive economic development and strengthen communities by providing responsible financial services; lending to individuals, small businesses and nonprofits; developing real estate; and promoting fair financial practices across the nation. Learn more at self-help.org.
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Recent Coverage
WLBT-TV Online: National Baptist Convention USA launches campaign to start federal credit union
Self Help, based in Durham, North Carolina, is working with NBC to develop the credit union, and holding the funds until the convention receives its financial charter.
WDAM-TV Online : National Baptist Convention USA launches campaign to start federal credit union
Self Help, based in Durham, North Carolina, is working with NBC to develop the credit union, and holding the funds until the convention receives its financial charter.
WAPT-TV 16: National Baptist Convention underway in Jackson
This meeting allows officials to get together and set the agenda for the year, including launching its federal credit union
WJTV: National Baptist Convention convenes in Jackson
FOR IMMEDIATE RELEASE: January 14, 2019
For More Information, Contact:
Jenny Shields, Director of Media Relations, Self-Help Credit Union | Direct Line: 919.794.6798 | Media Line: 919.695.2037 | Email: Jenny.Shields@self-help.org