2025-11-12T10:50:59-05:00 2024-12-31 990 2024-01-01 561382971 Self-Help Credit Union % Randy Chambers SELF 9199564400 301 W Main Street Durham NC 27701 RANDY CHAMBERS President 9199564400 2025-11-12 true 2024 2025-03-06 01:10:19Z Randy Chambers 301 W Main Street Durham NC 27701 102180876 false X www.self-help.org X Credit Union 1983 NC Our mission is to create ownership and economic opportunities for all, especially people of color, women, rural residents,low-wealth families and communities. We provide loans to members at reasonable rates and pay competitive rates of interest to members. 16 14 0 151487 0 0 83817878 93764916 9029113 8415960 0 92846991 102180876 0 0 0 0 0 63096264 77223875 63096264 77223875 29750727 24957001 1759689863 1979006644 1520426661 1716112628 239263202 262894016 Our mission is to create ownership and economic opportunities for all, especially people of color, women, rural residents,low-wealth families and communities. We provide loans to members at reasonable rates and pay competitive rates of interest to members. false false Provided consumer, mortgage, and business loans to members at reasonable rates, with a goal of improving the social or economic conditions of members, especially low-income persons. A total of 3,481 loans were originated in 2024. Provided services and paid competitives rates of interest to members. Total members served 88,916 false false false false false false false true false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 99 0 true 0 true true false false false false false false false X 16 14 false false false false true true true true true false true true true true true true true true true true false X Marcus Bowen 9199564400 301 West Main Street Durham NC 27701 X Randy Chambers President of SHCU 0.00 40.00 X 0 101573 41313 Adam Herbage Application Dev Lead 40.00 0.00 X 0 114356 23595 Martin Eakes CEODirector 0.00 40.00 X X 0 100961 35827 Kerri J Smith Regional President 40.00 0.00 X 0 108785 24351 Brandon Coleman Asst General Counsel 40.00 0.00 X 0 108241 23747 Ronald Wiley Regional Director 40.00 0.00 X 0 109545 22384 Sharon L Carlson Dir Remote Prod Services 40.00 0.00 X 0 111884 14057 Cameron Eagles Director 40.00 0.00 X 0 100231 19392 Juan Coronel Director 40.00 0.00 X 0 71236 18162 Doris Asbury Director 0.00 0.50 X 0 0 0 Ivan Parra Director 0.00 0.50 X 0 0 0 Ed Fulbright Director 0.00 0.50 X 0 0 0 Tessa Petit Director 0.00 0.50 X 0 0 0 Natalie Williams Director 0.00 0.50 X 0 0 0 Jackie Mondora Director 0.00 0.50 X 0 0 0 LaTorrie Geer Director 0.00 0.50 X 0 0 0 Jose Oliva Director 0.00 0.50 X 0 0 0 Laura Pichardo-Cruz Director 0.00 0.50 X 0 0 0 Annie Lord Director 0.50 0.00 X 0 0 0 Deborah McKetty Chair 0.00 0.50 X X 0 0 0 F David Kearns Treasurer 0.00 0.50 X X 0 0 0 Scott Misner Secretary 0.00 0.50 X X 0 0 0 Thomas King Vice Chair 0.00 0.50 X X 0 0 0 0 926812 222828 26 false false false Synergy Development Partners LLC 55 Ivan Allen Jr Blvd Suite 8 Atlanta GA 30308 Construction Servi 989377 Coxschepp Constructions LLC 2410 Dunavant Street Charlotte NC 28203 Construction Servi 252485 Nationwide Property & Appraisal Ser 1103 Laurel Oak Road Suite 160 Voorhees NJ 08043 AppraisalValuatio 142985 3 Loan Interest 522100 86956556 86956556 Loan and Deposit Fees 522100 5677122 5677122 Misc Program Income 900099 1131238 979751 151487 93764916 8415960 8415960 0 102180876 102029389 151487 0 -19046 89515 516981 4051330 1450072 3157295 603425 81224 29651251 1956513 189227 Provision for Loan Loss 1902878 1902878 Staffing Reimbursement 25472459 25472459 Loan Servicing 2920582 2920582 Debit & Credit Card 2302859 2302859 2897310 77223875 0 0 0 6554197 8539119 142695814 232397434 16657286 17828319 1492372620 1615879605 750851 1124366 68037222 10996207 54870971 57041015 10565422 8538874 1421300 1383700 33801402 36274212 1759689863 1979006644 37359304 38517346 2724525 1104606 243000000 243000000 1237342832 1433490676 1520426661 1716112628 X 239263202 262894016 239263202 262894016 1759689863 1979006644 X 24957001 -1326187 X false true X true false false 14703514 14703514 26289866 5972371 20317495 207365 113342 94023 7860911 4910494 2950417 18975566 18975566 57041015 Member Shares and Share Drafts 308288527 Member Share Certificates and IRAs 330396952 Member Money Market Shares 793162000 Right of Use Lease Liability 1643197 1433490676 X 102180876 102180876 102180876 77223875 77223875 77223875 Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) Self-Help Credit Union has determined that all tax positions taken for the current year ended December 31, 2024 and all years open under the stature of limitations are highly certain. In accordance with the accounting guidance for uncertainty in income taxes, Self-Help Credit Union has determined that no recognized tax liability exists. Members or stockholder classes and rights Part VI line 6 The organization is a member-owned credit union. Members elect directors on a staggered annual basis at the annual meeting. Certain decisions, such as amendments to bylaws are subject to approval by the North Carolina Credit Union Division and/or the National Credit Union Administration. Member election for additional members Part VI line 7a The organization is a member owned credit union. Individuals meeting membership criteria may join for $5. Governing body decisions Part VI line 7b The organization is a member-owned credit union. Members elect directors on a staggered annual basis at the annual meeting. Certain decisions, such as amendments to bylaws, are subject to approval by the North Carolina Credit Union Division and/or the National Credit Union Administration. Form 990 governing body review Part VI line 11 The Form 990 is prepared by staff accountants. The Chief Financial Officer, the Controller, and in-house cousel review multiple drafts and verify all answers before the form is provided to the Chief Executive Officer and board of directors for further review and comment prior to submission. Conflict of interest policy compliance Part VI line 12c The organizations Conflict of Interest Policy covers its officers, directors or trustees, all employees of the organization or any related organizations, and family members of persons in these categories. All covered persons are required under the policy to disclose actual or potential conflicts as soon as they arise and the directors of the organization and related organizations confirm anually that there are no existing conflicts of interest. Persons with actual conflicts are prohibited from participating in any decision relevant to the situation where the conflict exists. Most conflicts are clearly delineated by the policy; situations that are not so clear-cut are reviewed by in-house counsel, the CEO, or Board, as appropriate. CEO executive director top management comp Part VI line 15a The organization pays its highest-paid workers, including the CEO, top management officials, and other officers, in accordance with a salary ceiling that is confirmed annually by the board and was last confirmed in November 2023. This ceiling is subject to adjustment for the increased cost of living associated with the geographical areas in which workers are working and is within the average market salary for workers with comparable levels of expertise and experience. Other officer or key employee compensation Part VI line 15b The organization pays its highest-paid workers, including the CEO, top management officials, and other officers, in accordance with a salary ceiling that is confirmed annually by the board and was last confirmed in November 2023. This ceiling is subject to adjustment for the increased cost of living associated with the geographical areas in which workers are working and is within the average market salary for workers with comparable levels of expertise and experience. Governing documents etc available to public Part VI line 19 No documents available to the public. Explanation of other changes in net assets or fund balances Part XI line 9 Unrealized derivative gain $3,258,121Cash dividends paid on secondary capital ($4,663,653)Merged equity acquired $79,345.00 Part VII response or note to any other line in Part VII No director or officer receives compensation for their work as a director, officer or trustee; instead the amount listed in columns (E) and (F) are compensation paid to full-time (40 hours per week) employees of the related organization, Self-Help Services Corporation, which serves as the employer for all the filing organizations workers. Center for Community Self-Help 301 West Main Street Durham NC 27701 561271685 Economic Development NC 501c3 7 N/A false Center for Responsible Lending 301 West Main Street Durham NC 27701 743043913 Research & Policy NC 501c3 12a CCSH Org Nbr1 false Self-Help Community Dev Corp 301 West Main Street Durham NC 27701 561975829 Affordable Housing NC 501c3 12a CCSH Org Nbr 1 false Self-Help Ventures Fund 301 West Main Street Durham NC 27701 561562750 Charitable Lending NC 501c3 12a CCSH Org Nbr 1 false Self-Help Services Corporation 301 West Main Street Durham NC 27701 561849615 Staffing Services NC 501c3 12a CCSH Org Nbr 1 false Self-Help Assistance Corporation 301 West Main Street Durham NC 27701 561923620 Economic Development NC 501c3 12a CCSH Org Nbr 1 false Self-Help Federal Credit Union 301 West Main Street Durham NC 27701 263016612 Economic Development NC 501c1 N/A false Self-Help Economic Development Inc 1330 Broadway Street Suite 604 Oakland CA 94612 205330006 Financial Capability CA 501c3 7 CCSH Org Nbr 1 false false false true true true false true true false false true false false true false true true false false Explanation of information on Schedule R Full names, addresses, and EINs for information omitted from the original Schedule R Part II. *Self-Help Assistance Corporation,301 West Main Street Durham, NC 27701, EIN:XXX-XX-XXXX* Self-Help Federal Credit Union,301 West Main Street Durham, NC 27701, EIN:XXX-XX-XXXX* Self-Help Economic Development, Inc 1330 Broadway Street Suite 604 Oakland, CA 94612, EIN:XXX-XX-XXXX*Self-Help Services Corporation,301 West Main Street Durham, NC 27701,EIN:XXX-XX-XXXX*Self-Help Ventures Fund,301 West Main Street Durham, NC 27701,EIN:XXX-XX-XXXX*Self-Help Community Dev Corp,301 West Main Street Durham, NC 27701 ,EIN:XXX-XX-XXXX*Center for Responsible Lending,301 West Main Street Durham, NC 27701 ,EIN:XXX-XX-XXXX*Center for Community Self-Help,301 West M ,EIN:XXX-XX-XXXX*