www.self-help.org community-focused solutions to serving underserved communities randy chambers...
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www.self-help.org
www.self-help.org
Community-Focused Solutions to Serving Underserved Communities
Randy ChambersPresident, Self-Help [email protected]
2Creating and protecting ownership and economic opportunity
Our Mission
Creating and protecting ownershipand economic opportunity for all,
especially people of color, women, rural residents and low-wealth
families and communities.
3Creating and protecting ownership and economic opportunity
Who We Are: 501(c)(3) Non-Profits
• 1980: Center for Community Self-HelpCreated to encourage and support worker-owned businesses
through management consulting and technical assistance
• 1984: Self-Help Ventures FundCommunity development loan fund for specialized non-profit,
commercial and business loans, real estate development and national home mortgage demonstration program
• 2002: Center for Responsible LendingNon-partisan advocacy and research organization that works to
protect homeownership and family wealth by fighting predatory lending practices.
4Creating and protecting ownership and economic opportunity
Who We Are: Credit Unions
• Self-Help Credit Union (1984)Includes CUs that have served NC since as early as 1944.
• 60,000 members• 20 branches• $560 million in deposits
• Self-Help Federal Credit Union (2008)Created to bring together a statewide network of credit union
branches in California. Includes institutions that have served California since as early as 1936 and Chicago since 1882.
•50,000 members•20 branches (17 in California & 3 in Chicago)•$465 million in deposits
5Creating and protecting ownership and economic opportunity
Our Services & Products
• Retail consumer services – lending, savings and transaction services
• Direct home, small business, non-profit and commercial real estate lending
• Secondary market bank partnership home lending• Commercial and residential real estate
development• Policy, research and advocacy
6Creating and protecting ownership and economic opportunity
Our Impact
• $6.4 billion+ in financing provided over 30 years.• 87,000+ loans to families, individuals, business and
nonprofits.• Helped achieve national mortgage standard that
ensures fair, sustainable loans.• Help push for successful abolition of bank payday
lending (“deferred deposit advance”) and elimination of payday lending in multiple states.