To create and protect ownership and economic opportunity for all, especially people of color, women, rural residents, and low-wealth families and communities.
Self Help FCU, a community development CU, has stepped in to help many of those people traditional CUs turn their backs on. While most of us think of our checking/savings accounts as tools that help us live our lives, many people see them as not only unnecessary, but as untrustworthy. In fact, according to this article on nbcnews.com, about 8% of US households don’t have a checking or savings account. And not surprisingly, that number rises to about 20% for minorities.