X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK – The July 11 Wall Street Journal ran a profile of Martin Eakes, the CEO of the $188 million Self Help Credit Union, headquartered in Durham, North Carolina. Eakes and his former fianc, now wife, began Self-Help in 1980. The profile, which ran in the paper’s Money and Investing section, included a picture of Eakes and focused on his role among high powered and powerful mortgage bankers. It also touched upon Self-Help’s lending to a company in Durham which is looking to convert a prominent former cigarette factory into a retail and entertainment complex in the center of town. The profile also included an account of criticism leveled at Eakes by Representative Patrick McHenry (R-N.C.), the very same legislator that has introduced legislation that would strip NCUA from some of its authority to regulate credit union-to-bank charter conversions. At a hearing on predatory lending, McHenry grilled Eakes on the broader Self-Help organization’s purchase of a $23 million building in downtown Washington, D.C. to house, in part, the organization’s lobbying and research arm, the Center for Responsible Lending. Eakes replied that the building was a good investment and the credit union and its broader organization had wanted to send a message that it would be in Washington for a while.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.