Self-Help Credit Union Announces Merger with First Legacy Community Credit Union MERGER BRINGS EXPANDED FINANCIAL SERVICES AND OPPORTUNITIES TO GREATER CHARLOTTE Feb 5, 2020 Durham, NC [February 5, 2020] – Self-Help Credit Union recently announced a merger with First Legacy Community Credit Union, based in Charlotte, North Carolina. First Legacy, originally School Workers Federal Credit Union was founded February 14, 1941, in Charlotte, North Carolina, by a group of educators in the Charlotte School System. It has nearly 8,000 members and close to 29.0 million in assets. The merger was effective January 1, 2020. J.E. Grigsby, principal of Second Ward, the first public high school for black students in Charlotte, organized First Legacy and served as its first treasurer. He and his wife, Purry, operated the credit union out of the basement of their home, recruiting staff members to pool their monies for deposits. “From its inception, First Legacy has offered its members a savings and loan program. The partnership with Self-Help will enable this tradition to continue and will enhance its ability to expand this practice and other services that will preserve wealth and build financial security for more of the families that it serves,” explains Doris Asbury, member of the First Legacy Community Credit Union Board of Directors. “Mr. Grigsby spoke about fighting for the little guy…that’s our passion too,” states Self-Help CEO Martin Eakes. “I’ve been doing this all my life and hope that continuing this focus through the partnership with First Legacy, we can make Mr. Grigsby's vision a continued reality.” The organization will now operate as First Legacy, a division of Self-Help Credit Union. The merger expands the number of Self-Help branches in the greater Charlotte area, adding three new locations: 431 Beatties Ford Road, Charlotte, NC 28216 405 S Chester Street, Gastonia, NC 28052 2146 Statesville Boulevard, Salisbury, NC 28147 Self-Help Credit Union is part of the Self-Help family of nonprofits whose collective mission is to create and protect ownership and economic opportunity for all. Self-Help offers a full range of financial products and services including personal, vehicle, business and home loans, as well as a robust online, mobile, and audio banking system. Since 1980 Self-Help has provided approximately $435 million in loans to Charlotte area residents and provided home loans to more than 3,600 families. Sixty-nine percent of these loans went to low- to moderate- income borrowers. In addition, Self-Help has built, rehabbed or renovated more than 75 affordable homes in Charlotte. Since 1980, Self-Help has provided more than $9.1 billion in financing to over 172,309 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 more than 154,400 people in California, Florida, Illinois, North Carolina, South Carolina, Virginia, and Wisconsin. First Legacy, formerly the School Workers Federal Credit Union, was founded in 1941 to provide financial services to African-Americans who were rarely able to access the banking sector at the time. Teachers and other education workers made up its initial membership. More information about Self-Help Credit Union can be found at self-help.org. ### FOR IMMEDIATE RELEASE: February 5, 2020 For More Information, Contact: Jenny Shields, Director of Media Relations, Self-Help Credit Union Direct Line: 919.794.6798 | Cell: 919.695.2037 | Email: Jenny.Shields@self-help.org 2019 News Releases 12/17/19 - Self-Help Credit Union Announces Merger with Turbine Federal Credit Union 11/04/19 - Free 'Know Your Rights' Event for People with Disabilities 10/14/19 - Self-Help Federal, Fresno, Grand Reopening 10/11/19 - Self-Help Credit Union is coming to Raleigh 09/19/19 - Affordable housing loan fund launches in Durham 08/13/19 - Trump Administration’s New “Public Charge” Rule Could Harm Low-Income Immigrants 07/29/19 - Self-Help Credit Union Announces 2019 Scholarship Winners 07/15/19 - Grand Opening Celebration Self-Help Credit Union, Charlotte 04/01/19 - Self-Help Offers Scholarships for Students Who Give Back To Our Community 03/27/19 - Imagine: the future of homegrown entrepreneurship 03/25/19 - March 30: Grand Opening, Angier Business and Children’s Center 02/11/19 - Self-Help Apopka Grand Opening Continues Legacy of Community Trust 02/11/19 - Free Disability Rights, Assistive Technology Event in Asheville, Feb 27 2/11/19 - Free Disability Rights, Assistive Technology Event in Morganton, Feb 26 01/31/19 - Black History, Black Entrepreneurship: Couple Launches Independent Pharmacy in Historic East Durham 01/24/19 - National Baptist Convention Embarks on National Campaign 01/14/19 - Self-Help Offers Hardship Loans to Furloughed Federal Employees 2018 News Releases 12/13/18 - New Video Explores Legacy of Bakersfield Credit Union First Founded by Cesar Chavez 09/25/18 - CommunityWorks Federal Credit Union Joins Self-Help To Benefit Members, CommunityTo Benefit Members, Community 08/24/18 - The MacArthur Foundation invests in Seaway, a division of Self-Help Federal Credit Union 08/07/18 - Newell Named President of Seaway, a Division of Self-Help Federal Credit Union 05/23/18 - Self-Help Credit Union, Mangum Street Grand Rededication (Durham) 2017 News Releases 09/19/17 - Self-Help Announces Third Annual "Bringing It Home" Conference in Asheville, NC 06/29/17 - In Senate Committee Hearing, CRL Lays Out Consumer Plan For GSE, Housing Finance Reform 06/13/17 - Florida’s Jax Metro Credit Union Merges with Self-Help Credit Union effective June 1 03/13/17 - Self-Help to Acquire Selected Branches of Former Seaway Bank in Chicago 2016 News Releases 09/13/16 - Family Federal Credit Union in Wilmington, CA Merges with Self-Help Federal Credit Union 07/13/16 - Self-Help Credit Union Announces 2016 Education Scholarships Winners 06/27/16 - Self-Help Announces DTC-eligible Term Certificates for SRI Investors 04/19/16 - Revolution Mill Media Event on Major New Tenant Thursday April 21, 8.30 am 04/14/16 - Self-Help Credit Union Announces 2016 Community Education Scholarships 04/13/16 - Self-Help Credit Union and Greater Piedmont Credit Union Announce Merger 03/10/16 - Lease Signing Ceremony Tuesday, 3pm March 14 between Renaissance Community Co-op and Self-Help 02/23/16 - Study: Self-Help “Fresh Start” Product Improves Credit Scores 02/03/16 - Florida’s Community Trust Federal Credit Union Merges with Self-Help Federal Credit Union 2015 News Releases 12/02/15 - CDFIs Craft3, Self-Help Complete Second On-Bill Repayment (OBR) Loan Sale 11/19/15 - Self-Help Credit Union Report: Racial Disparities in Marijuana Enforcement Undercut Durham Progress 11/17/15 - Grand Opening Thursday for Fresno’s Self-Help Federal Credit Union Branch 10/14/15 - Revolution Mill Hosting Media Tour Tuesday, October 20 at 10 am 10/01/15 - Self-Help’s Choice Community Credit Union Adopting Self-Help Credit Union Name 09/15/15 - National Cooperative Bank, Self-Help Federal Credit Union Team Up to Finance Los Angeles’ With Love Market & Café 09/14/15 - Self-Help Credit Union Hosts Brevard Branch Open House 08/24/15 - Self-Help Closes $4.6 Million Loan to Minneapolis’ Eastside Food Co-Op 08/17/15 - Statement on Julian Bond’s Passing by Self-Help CEO Martin Eakes 08/06/15 - Self-Help Credit Union “Adopt a Backpack” Drive Up and Running 07/28/15 - Self-Help Ventures Fund Ramps Up Construction On 45-Acre Revolution Mill SIte 07/14/15 - Self-Help Ventures Fund Ramps Up Construction on 45-Acre Revolution Mill Site 07/09/15 - Self-Help Credit Union Announces Education Scholarships Winners 06/11/15 - Renaissance Shops Groundbreaking Tuesday, June 16 at 10:30 am 04/09/15 - Durham Co-op Market Ribbon Cutting at 2pm Saturday 03/17/15 - Grocers on Wheels, Self-Help Credit Union Borrower, in Durham Today! 02/13/15 - Self-Help Credit Union Hosting New Economy Conference on March 18th 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.