Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Self-Help is first CDFI Loan Fund member at Atlanta Fed
ATLANTA (8/9/10)--Self-Help Ventures Fund, a financing affiliate of the Center for Community Self-Help, is the Federal Home Loan Bank of Atlanta's first Community Development Financial Institution (CDFI) loan fund member and the first CDFI-affiliated organization to join a federal home loan bank, the bank announced Thursday. The Center for Community Self-Help, based in Durham, N.C., works closely with its financing affiliations, Self-Help CU and Self-Help FCU, to provide financing, technical support, consumer financial services, and advocacy for economically disadvantaged individuals. In January, the Federal Housing Finance Agency implemented provisions of the Housing and Economic Recovery Act of 2008 that permitted qualifying CDFIs to become members of a federal home loan bank. CDFIs include community development credit unions. Since January, FHLBank Atlanta has worked closely with Self-Help's leadership to bring its fund through the membership process, the bank said. "We have worked for 10 years to make this partnership possible, and together with the Federal Home Loan Bank of Atlanta, we believe we can provide the financing that will enable thousands of well-qualified homeowners to buy their first homes," said Martin D. Eakes, CEO of the Center for Community Self-Help.


RSS print
News Now LiveWire
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
51 minutes ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
18 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
19 hours ago
.@madison_mag gets the cooperative scoop from @SummitDoMore's @kimsponem http://t.co/RxSCeSegie
19 hours ago
.@VantageWestCU emeritus chairman Whittaker inducted into @DCUC_HQ Hall of Fame http://t.co/dpeP4ME49U
21 hours ago