DURHAM, NC & OAKLAND, Calif. — The Center for Community Self Help, the founding organization of both the $300 million, state chartered, Self Help Credit Union and the newly launched $10 Million Self Help Federal Credit Union said the merger between its federally chartered CU and another federal CU is proceeding well.

The long-standing and wide reaching community development lender launched Self Help FCU in Oakland, California, in July 2008 with a $5 million investment of its own funds. The $5 million from Self Help consisted of a $2.5 million equity investment and $2.5 million in secondary capital.

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