Self-Help is a financial organization that focuses on community development. Its headquarters are in Durham, North Carolina. The organization has provided over $7 billion in financing to 146,000 people. The organization is an important source of financial support in communities across the country. There are various scholarship and loan programs available. To learn more, read our article on scholarships and loans offered by Self-Help.
Center for Community Self-Help
The Center for Community Self-Help Credit Union has a history of helping people and communities in need. Founded in Durham, North Carolina, the organization has helped more than 146,000 people receive financial services.
Self-Help Credit Union
Self-Help is a community development financial institution with headquarters in Durham, North Carolina. The organization has been in business for over 50 years and has provided more than $7 billion in financing to more than 146,000 people.
Scholarships
The Self-Help Credit Union offers scholarships to deserving students in four states. These awards are given to students who are enrolled in an accredited post-secondary institution and have demonstrated community service. Eligible applicants must be residents of the state in which they are attending school. These institutions include universities, colleges, trade and technical schools, and community colleges. Scholarships are not available to employees of Self-Help.
Loans
Self Help Credit Union loans focus on the needs of the consumer and the community. The credit union works with individuals with big ideas but low credit scores and also provides loans to small businesses. The company offers different loan plans that fit the individual’s needs.
Membership
The Self-Help Credit Union has been in business since 1983 and is currently the seventh largest credit union in North Carolina with nearly 78,000 members. In recent years, the credit union has expanded its presence throughout the state by merging with other community-based credit unions. In addition to North Carolina, it now has a presence in South Carolina and Florida.
Financial principles
A credit union is an institution that aims to promote thrift by offering loans and other services. It also pays a reasonable rate of interest on savings and deposits. The financial surplus that the credit union generates benefits all members. It may distribute it proportionally to members through dividends on shares or use it to improve and expand its services.
