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National Cooperative Bank, Self-Help Federal Credit Union Team Up to Finance Los Angeles’ With Love Market & Café

Start-up Grocery and Café Focused on Locally-Sourced Produce and Perishables Launching in Southwest Los Angeles Urban Food Desert

Sep 15, 2015

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Mary Alex Blanton – NCB (703) 302-8876, 
David Beck – Self-Help (919) 956-4495,

(Los Angeles, CA – September 15, 2015) – National Cooperative Bank (NCB) and Self-Help Federal Credit Union today announced the closing of a $635,000 partnership loan to With Love Market & Café. The financing will help With Love Market & Café open a 3,000 square foot start-up grocery market and café in a Southwest Los Angeles food desert.

NCB, a leading financial services company dedicated to serving cooperatives nationwide, is participating on the loan with Self-Help Federal Credit Union, a leading national Community Development Financial Institution. The joint loan allows NCB and Self-Help to share the risk in order to provide With Love Market & Café financing beyond conventional lending parameters. Pacific Coast Regional Small Business Development Corporation also provided an 80% loan guarantee via the State of California Small Business Loan Guarantee Program.

“National Cooperative Bank has had a commitment to the food sector for over 30 years and we are very excited to work with another cooperative organization in Self-Help Federal Credit Union to finance With Love Market & Café,” said Michael Novak, Senior Vice President of National Cooperative Bank. “Providing healthy, local food for the area’s residents is critical to NCB’s mission and we look forward to the partnership for many years.”

The loan is part of Self-Help’s nationwide program to finance cooperatives and other enterprises that facilitate access to healthy foods. To date, Self-Help has provided over $15 million in financing to 34 healthy food systems projects. On September 10, Self-Help received a $3 million CDFI Fund Healthy Foods Financing Initiative grant to expand its healthy foods lending.

“Self-Help is working to help ensure healthy foods are available in all communities – not just those with resources,” said Steve Saltzman, Self-Help’s Director of Healthy Food System Finance. “National Cooperative Bank’s willingness to partner with Self-Help on this loan is helping ensure With Love Market’s ability to make healthy food available in Southwest LA, a hard working community that now lacks quality food options.”

In addition to the grocery store and café, With Love Market will include a community development arm focused on providing heath and food courses and seminars in a community meeting space. The business aims to be the neighborhood’s source of produce and other healthy foods as well as a public community hub and learning space. Located at 1969 S. Vermont Ave. in Los Angeles, With Love is aiming to open by the end of the year.

With Love CEO Andrew McDowell said that "Partnering with Self-Help Credit Union and National Cooperative Bank on this unprecedented loan was equally rewarding as it was challenging. Though we all had to flex and adjust many times beyond our previous comfort level we were held together by each group’s driving passion, beyond financial gain, to improve healthy food access and empower urban poor communities. With Love could not have found better partners and we look forward to all our future work independently and together!"

About National Cooperative Bank
National Cooperative Bank is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. NCB provides financial products and services for the nation’s cooperatives, their members, and socially responsible organizations. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit, National Cooperative Bank on Facebook, or on Twitter @coopbanking.

About Self-Help Federal Credit Union
Self-Help Federal Credit Union, chartered in 2008, is part of the Self-Help family of community development organizations that have provided over $6.8 billion in financing to nearly 102,000 families, individuals and businesses since 1980. Self-Help Federal has merged with eight credit unions serving diverse California communities in the Bay Area, Central Valley and Los Angeles and operates over 20 California branches. Through its credit union network, Self-Help serves 130,000 families in North Carolina, California and Chicago and offers a full range of financial products and services.  Learn more about Self-Help Federal at Learn more about Self-Help’s Health Foods Financing at



About Self-Help

Self-Help is a leading national community development financial institution headquartered in Durham, NC. Since 1980, Self-Help has provided over $8.5 billion in financing to 150,000 families, individuals and businesses. It helps drive economic development and strengthen communities by providing responsible financial services; lending to individuals, small businesses and nonprofits; developing real estate; and promoting fair financial practices across the nation. Through its credit union network, Self-Help serves over 150,000 people in California, Florida, Illinois, North Carolina, South Carolina, Virginia, and Wisconsin.

The nonprofit Center for Community Self-Help is the umbrella organization for the Self-Help family of nonprofit organizations, which includes Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending.