The 1.8 million, $26.7 billion StateEmployees' Credit Union, headquartered in Raleigh, NorthCarolina has agreed with the city of Durham to involve the creditunion in residential restoration.
|The deal is between the credit union and the city and involvesSECU Real Estate, the property management subsidiary that SECUlaunched to help it address real estate it has had torepossess.
|Some of those properties were in a part of Durham and the SECUREworked with community partners to renovate and restore thoseproperties to at least meet building codes and, in some cases,surpass them. The result has been an overall increase in theneighborhoods perceived safety and livability, the credit unionsaid, explaining it wants the new agreement to help replicate thatexperience in other parts of Durham.
|David King, a member of SECU's Board of Directors, participatedin the Pledge of Support signing. He noted “a critical need toreinvest in our neighborhoods and be part of the solution for NorthCarolina communities. With the support of the City of Durham andother community groups, we will make a difference for the citizensof this area and use this partnership model to positively impactother neighborhoods across the state,” he said.
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