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February 2014 Newsletter
In This Issue
Kent Corner Groundbreaking
Proving What's Possible with Charter Schools
End of Bank Payday
Squirrel Away Savings
About Self-Help
New Development in Southwest Central Durham
Kent Corner groundbreaking
A chilly but cheerful groundbreaking 

The large corner lot at West Chapel Hill Street and Kent Street in

Southwest Central Durham will soon look very different. Self-Help is embarking on a $13 million redevelopment of the area, known as Kent Corner.

 

The redeveloped Kent Corner will feature ample green space, parking, enhanced pedestrian areas and two buildings that will house the nonprofit Center for Child and Family Health and start-up cooperative grocer Durham Central Market. Self-Help and its partners hosted a groundbreaking ceremony on January 6th.   

 
Learn more about the Kent Corner redevelopment here.
 
Did you know that Self-Help has developed more than 165 homes and 25 commercial properties?

       
Self-Help's Charter School Lending
Self-Help supports high-performing charter schools that serve the needs of low-wealth, rural and minority students.

 

Learn more about our charter school lending.    

 

charterstudents

 

Proving What's Possible with Charter Schools  
Self-Help believes that public charter schools can help expand access to educational opportunity for families of all economic and social backgrounds. This video, produced by Carolina CAN, features four highly successful public charter schools that are also Self-Help borrowers and partners.

Prove What's Possible  

Learn More:

crl logo 

Connect to the Center for Responsible Lending (CRL) and stay informed about bank payday and other predatory lending issues!

Visit CRL's website or connect on social media:

        Like us on Facebook     Follow us on Twitter     View our profile on LinkedIn 
Banks Back Away from Predatory Payday Lending

Good news: banks are pulling their payday lending products from the market. Although some banks had tried to defend these small, high-cost loans, there was no practical distinction between them and payday loans hawked by neon-lit stores: same triple-digit interest rates, same lack of underwriting, same structure that traps people on a treadmill of debt.

 

North Carolina is one of many states that has kept payday loans out - so far. As federal regulators scrutinize the payday industry, there's hope that all types of lenders will get out of this debt-trap business.   

"Squirrel Away Savings" Workshop 

coinsandbills Join us for a free financial education workshop on February 26th, co-hosted by Duke Durham Saves 

and Self-Help:

How to Squirrel Away Your Savings  

Where: 302 West Main Street, Durham, N.C.

When: Wed, Feb. 26, 11:30am - 12:30 pm 


Light lunch included. Prizes for account openers!

RSVP to Greg Dixon at [email protected].

cutesquirrel

 

SquirrelAwaySavings

Squirrel away savings all year long with Self-Help! Check out some of our great savings products:
  • WealthBuilder: Refinance a high-interest loan into a lower-interest one with this unique savings/loan hybrid product. WealthBuilder helps you save money today on monthly loan payments, and automatically saves a portion of the savings for tomorrow. Contact your branch to see if you qualify.    
  • IRAs: We offer traditional and Roth IRAs as well as Term Certificate IRAs for higher yields. Discuss the possible tax advantages of an IRA with your tax professional.      
  • Term Certificates (CDs): We offer term lengths of three to 60 months, as well as two specialty certificates. Our Women and Children certificate helps fund loans to create opportunities for women and their families, and our Green certificate helps fund environmental nonprofits, businesses and projects.  
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Self-Help Headquarters: 
301 West Main Street, Durham, NC 27701 
(919) 956-4400; toll-free: (800) 476-7428


Self-Help creates and protects ownership and economic opportunity through loans for home ownership, small businesses, and community facilities; downtown revitalization and affordable housing development; and responsible consumer financial services.

Since our founding in 1980, Self-Help has invested more than $6 billion in almost 75,000 loans to individuals, entrepreneurs, and communities. Self-Help provides responsible consumer financial services to more than 100,000 members through 41 credit union branches in North Carolina, California and Chicago. 

Self-Help's family of organizations includes North Carolina-based Self-Help Credit Union, California-based Self-Help Federal Credit Union, Self-Help Ventures Fund and the Center for Responsible Lending. Federally insured deposits in our credit unions strengthen communities nationwide.
Visit our Locations Map for contact information or email us with your comments.