Credit unions live by the philosophy of "People Helping People,” but do they really reach out and help the low- income population, specifically as it relates to mortgages?
Members of another California-based credit union have voted to merge their institution with the $550 million Self-Help Federal Credit Union.
The $38M Butte FCU in California merges with the N.C.-based Self Help FCU.
Rules took effect Monday and Self-Help FCU sees benefits.
The ailing $6 million Mission SF Federal Credit Union of San Francisco was seized over the weekend by NCUA and awarded to Self-Help FCU of Durham, N.C.
The $190 million Self-Help Federal Credit Union of Oakland, Calif., has extended its aid to struggling, low income CUs by completing its fifth Bay Area merger in just under two years.
Marking its fifth California merger in just under two years, the $190 million Self-Help Federal Credit Union of Oakland, Calif. announced it is completing a consolidation of the ailing $23 million United Savings FCU of Antioch.
The $73 million Self Help Federal Credit Union, the California-based credit union that is an affiliate of the $350 million Self Help Credit Union in North Carolina has gotten a bit bigger.