Self-Help Shares

Helping Small Businesses & Nonprofits Survive with PPP Funds

By staff
  | Apr 29, 2020

Small business owner wearing COVID mask

As a long-time SBA lender, Self-Help began taking PPP applications on April 6. As of May 17, 2020, we had received SBA approval for $161 million in loans to serve 1,184 applicants. Sixty-eight percent of the loan dollars went to nonprofits. Altogether, we helped applicants continue employing 17,000 people.

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Protecting Your Relief Funds: Watch Out for Scammers

By staff
  | Apr 10, 2020

Hand holding block letters that spell "SCAM"

The coronavirus isn’t the only thing that has been spreading in recent weeks. The Federal Trade Commission and state attorneys general all over the country have reported an uptick in deceptive scams, many of them tied directly to COVID-19. These scams can be alarming and very costly, often draining victims of hundreds or thousands of dollars.

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Protecting Your Financial Health During COVID-19

By staff
  | Mar 26, 2020

woman doing finances at kitchen table

As you’re protecting your physical health during this time, it’s important to protect your financial health, too. We know that COVID-19 is already causing great financial hardship as people and their family members face business shut-downs, unemployment and medical bills. Even if your finances are stable, this is a time to be extra vigilant about saving money and protecting the security of your accounts. 

Here we’re offering a list of financial tips and resources for individuals and small businesses. We welcome suggestions, and we’ll add more as they become available. 

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This Business Loan Answered a Prayer

By staff
  | Mar 12, 2020

Dedra Hines, owner of Amaka's International, and her mother

Dedra Hines had been operating her own hair salon in Durham, NC for nearly 13 years when she received some bad news: The property owner was selling the building where Dedra’s salon, Amaka’s International Hair & Body Spa, was located. With little notice, Dedra was forced to close. She prayed for guidance, and she believes that God led her to Self-Help CU. 

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Celebrating 40 Years: Thanks for Joining Us on the Journey

By staff
  | Feb 20, 2020

Self-Help 40th anniversary poster

Forty years ago, in February 1980, Self-Help began as the Center for Community Self-Help. When we started, we never would have imagined all the challenges and joys that lay ahead.

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“A Burden was Lifted”: Credit Union Employee Reflects on a New Merger with an Old Partner

By staff
  | Feb 05, 2020

Octavia Alexander, employee of First Legacy Community Credit Union

 Octavia Alexander is a woman who laughs easily and often, but she’s also had her share of tears. In 12 years with First Legacy Community Credit Union, she has experienced the joy of serving members she loves, but also the cycles of a credit union that has gone through both good and hard times. These days she is feeling a new hope for the future as First Legacy merges with Self-Help Credit Union.

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Remaining Awake: Three Ways to Honor Dr. King

By staff
  | Jan 16, 2020

Dr. Martin Luther King, march on Washington

" ... the time is always ripe to do right.”

Only four days before he was assassinated, Dr. Martin Luther King spoke these words in an address at the Washington National Cathedral titled “Remaining Awake Through a Great Revolution.”  As we honor the life and legacy of Dr. King, we are mindful that “the time is always ripe to do right,” and we offer several ways to honor his remarkable life.

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A Message from Our President

By Randy Chambers
  | Jan 02, 2020

Randy Chambers Headshot

New Year’s greetings to all members, partners and friends!

As we start a new year, we at Self-Help Credit Union are excited about expanding services in several new locations as we renew and extend our commitments in Florida and the Carolinas. In 2019, we opened a new branch in Apopka, Florida, moved our Maiden, North Carolina branch, and opened a new branch in Charlotte.

In December, we were excited to welcome a new member of the Self-Help family 

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Capital Matters: Closing Race and Gender Gaps

By Derek Williams
  | Dec 04, 2019

Derek Williams

Derek Williams, Capital Development Associate at Self-Help, recently attended the “Capital Matters: Race, Gender and Entrepreneurship” conference held at Duke University’s Fuqua School of Business. The conference, which included many notable scholars and business leaders, was an opportunity to highlight the gaps in opportunity for various businesses, particularly those that are black-led and/or women-led, and to discuss ways to start resolving these inequities. Derek describes the conference and his takeaways.

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