Self-Help: Invested in Durham

EXPAND YOUR INVESTMENT IN DURHAM: Open a Self-Help Credit Union Deposit Account

 Money Market Accounts, CDs, IRAs, Savings, Checking - ABOVE MARKET RATES. FEDERALLY INSURED.  Already a member? Refer a friend!

Self-Help Credit Union - 301 W. Main St., Durham, NC 27601 - (919) 956- 4400 - www.self-help.org/deposits

 Building Neighborhoods

Self-Help borrower, Angala Hayes, shown with her daughter and granddaughter, became the first homeowner in her family with the purchase of her Walltown home.

Homeownership lays a foundation for safe, stable neighborhoods built on shared prosperity. Depositors with Self-Help recognize that fact and have been putting their money to work making ownership affordable to individuals, families and neighbors since 1985. So far these deposits have funded nearly 600 home loans worth more than $42 million in Durham County. They’ve also helped Self-Help build and rehabilitate 100 single-family homes, partnering with affordable housing developers, including Habitat for Humanity, Durham Community Land Trustees, DHIC, and Builders of Hope. In addition, Self-Help has adopted rigorous green building standards that guarantee low utility bills for working families and help sustain our environment.

Strengthening Community Organizations

Urban Ministries used a Self-Help loan to finance a second floor for its building, expanding and improving services to Durham residents.

Self-Help has provided over 75 loans worth over $23 million to local nonprofits and has offered financial expertise to help found several statewide groups based in Durham such as the Latino Community Credit Union. By providing critical infrastructure and services to underserved communities, these organizations help strengthen our city and serve as models of progress across the country. 

Growing Local Businesses

A city grant and a loan from Self-Help enabled Kelli and Billy Cotter to renovate a Main Street shop space for their new restaurant, Toast.

Small businesses are the engines that power our local economy. They provide us with goods and services, while reinvesting locally in equipment, buildings and workers. These companies need us as much as we need them. That’s why Self-Help depositors have invested over $98 million in 400 businesses in Durham County, helping entrepreneurs to get off the ground, purchase storefronts, expand payrolls, and partner in revitalizing our community.

Joining with individuals and organizations throughout Durham, Self-Help works to 'create and protect ownership and economic opportunity'.

Self-Help has invested over $275 million in Durham County over the last 30 years.

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Revitalizing Downtown

Golden Belt and the American Tobacco Campus, both financed by Self-Help, have increased downtown office, retail, and recreational space, while generating new interest and investment downtown.

Durham’s city center, Self-Help has worked with its depositors and numerous groups and individuals to encourage businesses and build community. Starting with the rehab of our original headquarters in 1984, we went on to renovate six other buildings at a cost of $14 million. These are now home to several Durham institutions including El Centro Hispano, Generations CreditUnion, MDC, and the North Carolina Coalition against Domestic Violence.

Advocating for Financial Reform

The Center for Responsible Lending’s advocacy efforts have led to groundbreaking legislation in North Carolina.

Self-Help’s Durham-based Center for Responsible Lending (CRL) advocates for consumers of financial services in North Carolina and nationwide. CRL listens to peoples’ stories, researches their issues, and partners with citizen groups and legislators to promote fair lending. Already, CRL and a coalition of like-minded organizations have saved North Carolinians hundreds of millions of dollars by curtailing predatory loan practices.