Self-Help Credit Union Term Certificate
United States of America
Last updated 12 May 2020, by Impactyield.
Developed countries (203) / More developed regions (202) / More developed regions (North America, Asia & Oceania) (153) / United States of America (112)
Self-Help Credit Union’s (SHCU) term certificates 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, Self-Help offers three specialty certificates:
1) Women and Children Term Certificate
2) Green Term Certificate
3) Economic Development Term Certificate
SHCU is a $608 million federally-insured, state-charted credit union serving 61,000 families from 17 branches located in North Carolina. SHCU is a community development credit union supporting the development of small businesses, affordable housing and consumer financial self-sufficiency with responsible loans and financial services. It offers investors money market accounts and certificates of deposits insured up to $250,000. SHCU is based in Durham, North Carolina with branches located throughout North Carolina. SHCU 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.
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.
SHCU’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.
SHCU 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 SHCU’s affiliate, Self-Help Federal Credit Union.
SHCU is regulated by the North Carolina Credit Union Division and examined by the National Credit Union Administration. SHCU 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:
of track record
the year funded
Headquarters location: United States of America
Other funds managed by this asset manager: Self-Help Ventures Fund NoteSelf-Help Credit Federal Union Term Certificate
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
Key performance indicators
Asset manager: Self-Help
Product track record: Fund has 39 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
Inception year: 1984
Vintage year: 1984
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: 14,000,000; Avg: 75,000
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
Phone number: 919.956.4400
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Self-Help Credit Union and its investors have helped make 5,800 homeowners, support more than 7,100 jobs, and create child care and educational spaces for 12,400 children. All totaled SHCU has financed more than 32,000 low-income, minority, women and rural businesses, individuals and non-profits to build wealth and improve their economic well-being. It provides safe and affordable financial services to more than 60,000 families.
For more than 28 years investors have chosen Self-Help Credit Union as a safe and effective means for achieving a market-rate financial return and community and environmental impact.
The three Specialty CDs have a number of impact targets:
1) Women & Children Term Certificate - savings will be invested in homes, businesses, and nonprofits that enable women to create opportunities for themselves and their families. These investments seek to improve the lives of women and children through ownership opportunities, the funding of strong community facilities, and by providing responsible consumer financial services
2) Green Term Certificate - savings support investments into a wide range of sustainable development projects including loans and technical assistance to environmental businesses and nonprofits
3) 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