Second Federal at a Glance Original Name: Columbia Savings & Loan Founders: Five local leaders Year Founded: 1882 Year of Merger with Self-Help Federal Credit Union: 2013 Original Founding Location: Little Village - Chicago Second Federal, located in Chicago’s Little Village, began providing banking services to immigrants in 1882. When the local population shifted from European to Latino, many banks left. But Second Federal stayed and helped its new customers thrive—until the housing crisis threatened massive foreclosures. This is the story of the resilience of this community and the remarkable trust that is Second Federal's legacy. Tweet Related Content How 400 Homes were Saved in Chicago—and Why We Care We’re proud that Second Federal is now part of the Self-Help family. The bank merged with Self-Help Federal Credit Union in 2013, when the foreclosure crisis threatened to close down Second Federal and leave hundreds of its customers without a home. Read more about the making of the video here. Photo Gallery Second Federal marketing, way before the Internet. Second Federal participated in many community events, including this parade. Our videographer, Roger Flake, went to great lengths to capture this history. Here he’s climbing on top of the Second Federal building on 26th Street to get an aerial view.