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" Lending power : "
Howard E. Covington Jr. ; foreword by Darren Walker.
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BL
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| Record Number
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847246
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| Main Entry
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Covington, Howard E.,Jr.,1944-
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| Title & Author
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Lending power : : how Self-Help Credit Union turned small-time loans into big-time change /\ Howard E. Covington Jr. ; foreword by Darren Walker.
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| Publication Statement
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Durham :: Duke University Press,, [2017]
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, ©2017
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| Page. NO
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1 online resource (x, 211 pages)
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| ISBN
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0822372770
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: 9780822372776
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0822369699
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9780822369691
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Includes bibliographical references and index.
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| Contents
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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.
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| Abstract
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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.
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Eakes, Martin.
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Eakes, Martin.
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Self-Help Credit Union.
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Self-Help Credit Union.
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Credit unions-- North Carolina.
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Loans, Personal-- North Carolina.
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BUSINESS ECONOMICS-- Economics-- General.
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Credit unions.
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HISTORY / United States / State Local / South (AL, AR, FL, GA, KY, LA, MS, NC, SC, TN, VA, WV)
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Loans, Personal.
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North Carolina.
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| Dewey Classification
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334/.2209756563
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| LC Classification
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HG2038.N8C68 2017
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| Added Entry
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Walker, Darren
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