Self Help Credit Union
501(c)(14)
Strong reserves Growing revenue
Self Help Credit Union is a 501(c)(14) organization based in Durham, North Carolina, registered in 1969, with $102,180,876 in FY2024 revenue.
301 W Main St, Durham, NC, 27701 EIN 56-1382971 Since 1969
Revenue (FY2024)
$102.2M
▲ 10.1% vs prior year
Expenses (FY2024)
$77.2M
Net assets
$262.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Self Help Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating41 mo reserves · +24% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Self Help Credit Union: 41 mo reserves · +24% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Self Help Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Self Help Credit Union: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
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.
What they do
Provided consumer, mortgage and business loan to members at reasonable rates. a total of 3,661 loans were originated in 2020.
Contact & location
- Address
- 301 W Main St, Durham, NC, 27701
- City
- Durham
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $30.0M (FY2013) to $102.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.7BNet assets $262.9M
Operating margin
24.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$1.7B
Net assets
$262.9M
Salaries & benefits
$0
0% of expenses
Board members
16
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $102,180,876▲10.1% | $77,223,875▲22.4% | $262,894,016▲9.9% | $1,979,006,644▲12.5% | 990 |
| 2023 | $92,846,991▲19.1% | $63,096,264▲26.9% | $239,263,203▼3.4% | $1,759,689,863▼2.9% | 990 |
| 2022 | $77,946,111▲49.0% | $49,710,208▲21.3% | $247,793,122▲25.2% | $1,812,435,213▲35.1% | 990 |
| 2021 | $52,319,101▼7.8% | $40,972,922▼19.6% | $197,989,811▲10.8% | $1,341,389,804▲4.8% | 990 |
| 2020 | $56,753,400▼3.0% | $50,964,953▲23.9% | $178,736,207▲10.0% | $1,280,395,686▲16.4% | 990 |
| 2019 | $58,486,696▲14.5% | $41,124,933▲16.4% | $162,546,906▲6.8% | $1,100,074,054▲8.8% | 990 |
| 2018 | $51,060,936▲11.1% | $35,341,463▲7.2% | $152,236,447▲18.1% | $1,011,155,892▲13.0% | 990 |
| 2017 | $45,979,441▲14.7% | $32,971,984▲6.4% | $128,861,232▲29.6% | $894,630,122▲20.1% | 990 |
| 2016 | $40,087,758▲10.4% | $30,995,685▲11.3% | $99,452,823▲13.6% | $745,138,460▲4.2% | 990 |
| 2015 | $36,298,449▲1.4% | $27,846,357▼4.0% | $87,559,996▲13.6% | $714,921,461▲6.2% | 990 |
| 2014 | $35,796,381▲19.4% | $29,012,667▲15.1% | $77,107,816▲11.2% | $673,352,669▲4.3% | 990 |
| 2013 | $29,989,171 | $25,211,643▼6.3% | $69,321,117▲37.5% | $645,697,982▲11.3% | 990 |
| 2012 | — | $26,900,479▼13.0% | $50,412,391▲11.4% | $579,883,449▲2.6% | 990 |
| 2011 | — | $30,932,893▼1.8% | $45,248,691▼9.4% | $564,926,667▲4.6% | 990 |
| 2010 | — | $31,505,448 | $49,944,582 | $540,280,328 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Adam Herbage | Application Dev Lead | 40 | — |
| Annie Lord | Director | 0.5 | — |
| Brandon Coleman | Asst General Counsel | 40 | — |
| Cameron Eagles | Director | 40 | — |
| Deborah Mcketty | Chair | 0 | — |
| Doris Asbury | Director | 0 | — |
| Ed Fulbright | Director | 0 | — |
| F David Kearns | Treasurer | 0 | — |
| Ivan Parra | Director | 0 | — |
| Jackie Mondora | Director | 0 | — |
| Jose Oliva | Director | 0 | — |
| Juan Coronel | Director | 40 | — |
| Kerri J Smith | Regional President | 40 | — |
| Latorrie Geer | Director | 0 | — |
| Laura Pichardo-cruz | Director | 0 | — |
| Martin Eakes | Ceodirector | 0 | — |
| Natalie Williams | Director | 0 | — |
| Randy Chambers | President of Shcu | 0 | — |
| Ronald Wiley | Regional Director | 40 | — |
| Scott Misner | Secretary | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Synergy Development Partners LLC | Construction Servi | $989,377 |
| Coxschepp Constructions LLC | Construction Servi | $252,485 |
| Nationwide Property & Appraisal Ser | Appraisalvaluatio | $142,985 |
Grants received · $7,575 total
1 grant to Self Help Credit Union totaling $7,575, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Self Help Ventures Fund | To preserve home ownership for seniors in a low income neighborhood | 2016 | $7,575 |
Frequently asked questions
- Is Self Help Credit Union a legitimate nonprofit?
- Yes. Self Help Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 56-1382971, based in Durham, North Carolina.
- What is Self Help Credit Union's EIN?
- Self Help Credit Union's Employer Identification Number (EIN) is 56-1382971.
- How much revenue does Self Help Credit Union report?
- Self Help Credit Union reported $102,180,876 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Self Help Credit Union's highest-paid employee make?
- The highest reported compensation on Self Help Credit Union's latest Form 990 is $0, paid to Adam Herbage (Application Dev Lead).
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Data for Self Help Credit Union (EIN 56-1382971) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.