[Durham, NC] October 19, 2022 —Parts of North Carolina, South Carolina and Florida are still feeling the effects of Hurricane Ian including many counties served by Self-Help Credit Union. Recovery will be a long process as the region manages the aftermath of flooding, displaced families, shuttered businesses, and the tragic loss of life.
Families are hurting. To help ease the burden, Self-Help is offering Disaster Relief Loans that allow existing Self-Help members to borrow up to $5,000 at 8.75% interest for up to 36 months. The loan purpose must be related to Hurricane Ian recovery and may include home repairs, replacement of personal belongings, and cash flow interruption due to loss of work time and pay.
Disaster relief loans are only available to existing Self-Help CU members. Contact a local Self-Help branch or apply online through online banking. Please indicate in the application that it is for disaster relief when you apply.
Self-Help is a federally insured, state-chartered credit union that works every day to expand ownership and economic opportunities for everyone, especially underserved communities that cannot obtain financing from conventional lenders. We provide business assistance and loans that help generate jobs and contribute to community wealth. We also advocate for policy solutions that encourage responsible lending and ends predatory practices.
More information about Self-Help Credit Union can be found at self-help.org.
About Self-Help Credit Union
Self-Help Credit Union was chartered in 1983 to build a network of branches that partner with working families and communities often underserved by the financial marketplace. With over $1.64 billion in assets and serving more than 91,000 members in 37 branches – eight in Florida, 22 in North Carolina, six in South Carolina, and one in Virginia - Self-Help Credit Union is one of the fastest-growing community development financial institutions in the country. It is part of the Self-Help family of nonprofit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For over 40 years, the national Center for Community Self-Help and its affiliates have provided more than $10.5 billion in financing to help more than 150,000 borrowers buy homes, start and grow businesses and strengthen community resources. For more information, please visit www.self-help.org.
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FOR IMMEDIATE RELEASE:
For More Information, Contact:
Jenny Shields, Director of Media Relations, Self-Help Credit Union Direct Line: 919.794.6798 Cell: (919) 584-4379 Email: Jenny.Shields@self-help.org