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Author Covington, Howard E., Jr., 1944- author.

Title Lending power : how Self-Help Credit Union turned small-time loans into big-time change / Howard E. Covington Jr. ; foreword by Darren Walker
Published Durham : Duke University Press, [2017]
©2017
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Description 1 online resource (x, 211 pages)
Contents Self-help who? -- A first step -- A financial institution -- Turning point -- Innovation -- An "aha" moment -- "We did not have to be geniuses" -- Cy Pres -- "Shit disturbers" -- A box of rattlesnakes -- The emperor's naked -- "We're here forever" -- Self-help Federal : a national institution -- The mission
Summary Established by Martin Eakes and Bonnie Wright in North Carolina in 1980, the nonprofit Center for Community Self-Help has grown from an innovative financial institution dedicated to civil rights into the nation's largest home lender to low- and moderate-income borrowers. Self-Help's first capital campaign--a bake sale that raised a meager seventy-seven dollars for a credit union--may not have done much to fulfill the organization's early goals of promoting worker-owned businesses, but it was a crucial first step toward wielding inclusive lending as a weapon for economic justice. In Lending Power journalist and historian Howard E. Covington Jr. narrates the compelling story of Self-Help's founders and coworkers as they built a progressive and community-oriented financial institution. First established to assist workers displaced by closed furniture and textile mills, Self-Help created a credit union that expanded into providing home loans for those on the margins of the financial market, especially people of color and single mothers
Bibliography Includes bibliographical references and index
Notes Online resource; title from PDF title page (EBSCO, viewed November 17, 2017)
Subject Eakes, Martin.
Eakes, Martin.
Self-Help Credit Union.
Self-Help Credit Union.
Credit unions -- North Carolina
Loans, Personal -- North Carolina
BUSINESS & ECONOMICS -- Economics -- General.
Credit unions.
HISTORY / United States / State & Local / South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN, VA, WV)
Loans, Personal.
North Carolina.
Form Electronic book
Author Walker, Darren, writer of foreword.
LC no. 2017014022
ISBN 0822372770
9780822372776