CHAPEL HILL, N.C. – Three executives from North Carolina Community Development Credit Unions took part in a 25-minute broadcast on WUNC's The State of Things program which is heard across the state.
Randy Chambers, CFO of the $247 million Self Help Credit Union in Durham; Luis Pastor, CEO of the $34 million Latino Credit Union; and Saundra Scales, president of the $26 million First Legacy FCU, (formerly School Workers Federal Credit Union) in Charlotte were interviewed on CDCUs generally and on how CDCUs help low-income people and immigrant groups.
Residents were able to call into the program and callers asked questions about the relationship between so-called mainstream credit unions and CDCUs and whether some CDCUs can help small businesses that are owned and operated by minorities.
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"We think we have redeveloped more buildings in downtown Durham than any other private entity," Chambers said, "Recognizing that we feel that downtown revitalization provides space.to work in existing space than simply building new office parks in the suburbs."
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