Self-Help Credit Union

Self-Help Credit Union

Self-Help Credit Union (SHCU) is a North Carolina State chartered, federally insured institution. SHCU was founded in 1984 and since then has been an active community development lender, making home loans and commercial loans, developing affordable housing and commercial real estate and creating economic opportunity in underserved communities.

Self-Help Credit Union - Financial Strength in Challenging Times (October 2008)

Investing in Community

Your investment in Self-Help Credit Union opens doors to the American Dream by creating ownership and economic opportunity for people of color, women, rural residents, and lower-income families by supporting the following activities.

• Providing home loans to responsible, hard-working people who cannot qualify for a conventional bank loan.
• Developing downtown and rural revitalization projects.
• Creating affordable and sustainable housing for low-income families
• Lending to charter schools, child-care centers, and community organizations
• Providing loans to small business people like auto mechanics, bakers, and grocers.
• Helping our affiliate, Center for Responsible Lending, seek policies that encourage fair loans and keep people in their homes.

Investing Responsibly

Self-Help Credit Union was founded on the premise of lending and investing our funds responsibly. Despite the fact that we loan to people that are “higher risk”, our loan default rate is extremely low. This is because we believe responsible loans are the kind that people can pay back. We help people by giving them the means of helping themselves.

There are lots of ways to invest your money responsibly. What makes an investment in Self-Help different is that we give you the power to make a direct and immediate impact on under-served communities.