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Self-Help Credit Federal Union Term Certificate
United States of America
Last updated 12 May 2020, by Impactyield.
Fund geography
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (113)
With competitive rates and a variety of terms, our Self-Help Federal Credit Union’s (SHFCU) term certificates (CDs, certificates of deposit) offer low risk, short-term investment opportunities with guaranteed dividends (interest earned) and the flexibility to choose a term that fits investor needs. In addition to standard certificates of deposit, investors can additionally chose a specialty, below-market CD, the "Economic Development Certificate of Deposit".
SHFCU is a $670 million federal-insured, federally-chartered credit union servicing 78,000 families and organizations from 23 branches in California. It offers investors money market accounts and certificates of deposits insured up to $250,000.
SHFCU was chartered in 2008, and has since combined with seven credit unions serving diverse communities throughout California and Chicago with a mission of preserving and expanding responsible financial services for thousands of families in an economically sustainable way. SHFCU is an innovator in providing financial products for immigrant and low-income families
Financial description
Features of Standard and Specialty CDs:
- $500 minimum investment
- 3 months to 5 year terms
- Penalties apply for early withdrawal (90 days on terms of 12 months or less. 180 days on terms greater than 12 months.
SHFCU’s money market accounts and certificates of deposits are available to individuals, businesses and organizations. These deposits are very safe investment options because they are insured by the National Credit Union Administration, a U.S. government agency. NCUA is the credit union equivalent to the FDIC.
SHFCU is a federally chartered credit union, is certified by the U.S. Department of Treasury as a Community Development Financial Institution and is a National Credit Union Administration certified low-income credit union. Each deposit is insured up to $250,000. Deposits over $250,000 are accepted. Investors can also invest a total of $500,000 in federally insured accounts by also investing in SHFCU’s affiliate, Self-Help Credit Union (a state-chartered credit union, located in North Carolina). SHFCU has a strong balance sheet and is managed by one of the nation’s most experienced community development finance teams.
Rates can change daily. An up to date rate sheet can be viewed here:
http://www.self-help.org/personal/term-certificates-cds/term-certificate...
16 years
of track record
2008
the year funded
n.a.
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Self-Help
Headquarters location: United States of America
Other funds managed by this asset manager: Self-Help Credit Union Term CertificateSelf-Help Ventures Fund Note
SDG goals
SDG targets
Equal rights to ownership basic services technology and economic resources
Safe and affordable housing
Increase financial resources to conserve and sustainably use ecosystem and biodiversity
Full employment and decent work with equal pay
Develop sustainable, resilient and inclusive infrastructures
Increase access to financial services and markets
Impact Category
Key performance indicators
Fund overview
Asset manager: Self-Help
Product track record: Fund has 16 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return Below risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - committed capital
Style/Stage:
Inception year: 2008
Vintage year: 2008
Target region: Developed countries, More developed regions, More developed regions (North America, Asia & Oceania), United States of America
Target close date: n.a.
Product term: 3 to 60 months
Assets under management: n.a.
Investment size: Min: 500; Max: 12,000,000; Avg: 25,000
Co-investment policy:
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n/a%
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors, Retail Investors
Contact
E-mail: n.a.
Website: https://www.self-helpfcu.org/selfhelp/invest-in-us/account-types
Phone number: 1-800-966-SELF
If you wish to have your details removed from this database please email gdpr@impactyield.com
Impact Performance
n.a.
Impact thesis
Since it was chartered in July 2008, Self-Help Federal has provided more than 21,000 individuals and businesses with $528 million in responsible consumer, auto, commercial, and home mortgage loans. Consumer loans provide a variety of alternatives to payday, car title and other abusive lending products. Our low-downpayment home loans provide a means for families to build assets and stable neighborhoods. Commercial loans target firms that provide affordable housing and that support sustainable enterprises
Investors have chosen Self-Help Federal Credit Union as a safe and effective means for achieving a market-rate financial return and community and environmental impact.
In addition to the standard SHFCU CD, investors may choose a below-market Specialty CD with greater, more focused impact: with the "Economic Development Term Certificate" investors accept a below market rate return in favor of providing Self-Help with the ability to utilize more capital to bring ownership and economic opportunities to more low-wealth families.
Impact Management
n.a.