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Community-Focused Solutions to Serving Underserved Communities

Community-Focused Solutions to Serving Underserved Communities. Randy Chambers President, Self-Help CU randy.chambers@self-help.org 919-956-4463.

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Community-Focused Solutions to Serving Underserved Communities

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  1. Community-Focused Solutions to Serving Underserved Communities Randy Chambers President, Self-Help CU randy.chambers@self-help.org 919-956-4463

  2. Creating and protecting ownershipand economic opportunity for all, especially people of color, women, rural residents and low-wealth families and communities. Our Mission

  3. Who We Are: 501(c)(3) Non-Profits • 1980: Center for Community Self-Help Created to encourage and support worker-owned businesses through management consulting and technical assistance • 1984: Self-Help Ventures Fund Community development loan fund for specialized non-profit, commercial and business loans, real estate development and national home mortgage demonstration program • 2002: Center for Responsible Lending Non-partisan advocacy and research organization that works to protect homeownership and family wealth by fighting predatory lending practices.

  4. Who We Are: Credit Unions • Self-Help Credit Union (1984) Includes CUs that have served NC since as early as 1944. • 60,000 members • 20 branches • $560 million in deposits • Self-Help Federal Credit Union (2008) Created to bring together a statewide network of credit union branches in California. Includes institutions that have served California since as early as 1936 and Chicago since 1882. • 50,000 members • 20 branches (17 in California & 3 in Chicago) • $465 million in deposits

  5. Our Services & Products • Retail consumer services – lending, savings and transaction services • Direct home, small business, non-profit and commercial real estate lending • Secondary market bank partnership home lending • Commercial and residential real estate development • Policy, research and advocacy

  6. Our Impact • $6.4 billion+ in financing provided over 30 years. • 87,000+ loans to families, individuals, business and nonprofits. • Helped achieve national mortgage standard that ensures fair, sustainable loans. • Help push for successful abolition of bank payday lending (“deferred deposit advance”) and elimination of payday lending in multiple states.

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