Self-Help Credit Union, Self-Help Federal Credit Union, and Self-Help Ventures Fund

Service Providers: Nonprofit Lender
76
schools supported
$ 362,342,415
in financings

  • National

  • less than one year 
  • one to three years 
  • more than three years of operating history or one charter renewal
  • charter management organizations
  • stand-alone schools
  • single-site schools

Self-Help’s mission is to create and protect ownership and economic opportunity for all by providing responsible financial services, lending to small businesses and nonprofits, developing real estate, and promoting fair financial practices. While its work benefits communities of all kinds, its focus is on those who may be underserved by conventional lenders, including people of color, women, rural residents, and low-wealth families and communities. Self-Help provides the following financial services: financing, financing technical assistance, real estate development, and real estate technical assistance. Available products are described below:

 Terms (Years)
Acquisition Loans25
Construction LoansUp to 36 months
Mini-Permanent Loans5
Permanent Loans25
Predevelopment LoansN/A
Working CapitalOnly if it is a small percentage of a real estate driven loan

 

Maximum financing for a single project$30,000,000
Maximum amortization (years)25

 

Key Statistics:

Financial Overview
U.S. Department of Education (ED) Credit Enhancement$27,200,000
New Markets Tax Credit (NMTC) allocation total$328,000,000
Community Development Financial Institutions Bond Guarantee Program (CDFI BGP) allocation total$100,000,000

 

Portfolio Statistics
Total historic financing1$362,342,415
Number of schools supported76
NMTC allocation employed for charter facilities$201,080,447
Number of schools supported with NMTC52
CDFI BGP allocation deployed for schools$0
Number of schools supported with CDFI BGP0
Remaining capacity in CDFI BGP allocation$100,000,000

 

Portfolio Performance
$ amount of financing repaid/refinanced2$221,144,346
NMTC matured/refinanced$200,971,973
Total number of transactions3151
Original $ amount of defaults4$2,725,350
Number of defaults3
Default rate (% of total $ amount of financing)0.70%
Default rate (% of total number of financings)1.98%
$ amount write-offs$187,460
Number of write-offs2
Write-off rate (% of total $ amount of financing)0.52%
Write-off rate (% of total number of financings)1.32%

 

Footnotes:

1Financing defined as grants, recoverable grants, loans, and guarantees.

2Includes full repayments only; does not include partial amortizations or restructurings.

3Number includes only those financings with a repayment obligation; it excludes grants.

4A defaulted loan is defined as one in which the school can no longer make debt service payments and the lender must litigate or foreclose for repayment. This figure represents the loan amount at origination, not the amount outstanding at default.

 

Last Updated: November 2018

 

Disclosure: Information on this page has been provided by the organization. Any questions related to figures or programs listed should be directed to the contact shown above. Keep in mind that each school’s situation will differ slightly and you’ll need to speak to the contact listed for information specific to your school.