Overview
What is Self-Help Credit Union?
Self-Help Credit Union, located in Durham, North Carolina, is a nonprofit financial institution dedicated to empowering individuals and communities. With a focus on inclusivity, they offer consumer, mortgage, and business loans to members at favorable rates. In 2022 alone, they originated 3,481 loans. The credit union's mission extends to creating economic opportunities for underrepresented groups, including people of color, women, rural residents, and low-wealth families. By providing loans at reasonable rates and paying competitive interest rates to members, Self-Help Credit Union enables its community to thrive and grow.
Official website here: www.self-help.org
Is Self-Help Credit Union legitimate?
Self-Help Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Self-Help Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.self-help.org
What is the mission statement of Self-Help Credit Union?
The Self-Help Credit Union is dedicated to fostering economic opportunities for various underrepresented groups, including people of color, women, rural residents, and low-wealth families and communities. Through its mission, the credit union extends loans to its members at reasonable rates and offers competitive rates of interest in return. By doing so, it aims to expand ownership prospects and improve financial well-being for its diverse member base. In 2022, the credit union granted 3,481 loans to its members, illustrating its commitment to providing access to essential financial services. The credit union's efforts have served a total of 89,917 members, contributing to their financial growth and stability.
Official website here: www.self-help.org
Who is the CEO of Self-Help Credit Union?
Randy Chambers is the Directorstaff of Self-Help Credit Union. The CEO's salary of Self-Help Credit Union is $0 and their total compensation is $124,910.
Official website here: www.self-help.org
What is the revenue of Self-Help Credit Union?
Who are the executives of Self-Help Credit Union and what are their salaries?
- Holton Wilkerson (Directorstaff)
- Martin Eakes (Ceodirector)
- Samantha Pratt (Directorstaff)
- Laura Jackson (Director)
- La-Tasha Best-Gaddy (Director Secretary)
- Thomas King (Director)
- Laura Pichardo-Cruz (Director)
- Latorrie Geer (Director)
- Jackie Mondora (Director)
- Jackie Mondora (Director)
- Ed Fulbright (Director)
- Edward Byron (Director)
- Doris Asbury (Director)
- Ivan Parra (Director)
- Tessa Petit (Director)
- Natalie Williams (Director)
- F David Kearns (Director Treasurer)
- Scott Misner (Director Chair)
- Deborah Mcketty (Directorvice Chair)
Official website here: www.self-help.org
Where can I find the form 990 for Self-Help Credit Union?
The Self-Help Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.self-help.org
Learn more at the official website: www.self-help.org
Mission Statement of Self-Help Credit Union
Self-Help Credit Union, a mission-driven financial institution, strives to create economic opportunities and ownership for all, with a particular focus on underrepresented communities, including people of color, women, rural residents, and low-wealth families. By offering competitive loans to its members at reasonable rates, the Credit Union empowers individuals to build a better financial future.
In 2022, Self-Help Credit Union originated a total of 3,481 loans, reaching out to a diverse member base of 89,917 individuals. The loans provided by the Credit Union catered to various needs, ranging from consumer to mortgage and business loans. This enabling financial assistance not only helps members meet their immediate financial needs but also contributes to their long-term economic growth.
Moreover, Self-Help Credit Union prides itself on returning competitive rates of interest to its members, ensuring they benefit from their financial transactions. This approach fosters trust and loyalty, making the Credit Union an indispensable resource for its members in their pursuit of financial stability and prosperity.
Impact
This information is meant to be a general summary of Self-Help Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Self-Help Credit Union's impact is significant in creating ownership and economic opportunities for all, especially people of color, women, rural residents, low-wealth families, and communities. By providing loans to members at reasonable rates and paying competitive rates of interest, Self-Help Credit Union has facilitated the origination of 3,481 loans in 2022 alone. With a total of 89,917 members served, Self-Help Credit Union in Durham, NC, is helping to empower individuals and communities by providing essential financial services and support.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest
Revenue
$58,079,032
Loan and Deposit Fees
Revenue
$5,320,554
Misc Program Income
Revenue
$1,285,697
Organization Details
Founding Year
1983
Principal Officer
Randy Chambers
Main Address
301 W Main Street, Durham, NC, 27701
Website
www.self-help.org
NTEE Category
Code: W60 - Public benefit
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