Self-Help Credit Union

Private Capital Providers: Nonprofit Lender
113
number of schools supported
$ 327,000,000.00
in financings

  • National

www.self-help.org
  • 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 Loans25
Mini-Permanent Loans25
Permanent Loans25
Predevelopment Loans25
Working Capital25

 

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$10,200,000
New Markets Tax Credit (NMTC) allocation total$413,977,745
Community Development Financial Institutions Bond Guarantee Program (CDFI BGP) allocation total$100,000,000

 

Portfolio Statistics
Total historic financing1$327,000,000
Number of schools supported113
NMTC allocation employed for charter facilities$214,116,852
Number of schools supported with NMTC48
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$136,701,795
NMTC matured/refinanced$200,971,973
Total number of transactions352
Original $ amount of defaults4$2,300,272
Number of defaults3
Default rate (% of total $ amount of financing)0.70%
Default rate (% of total number of financings)5.8%
$ amount write-offs$187,460
Number of write-offs2
Write-off rate (% of total $ amount of financing)0.06%
Write-off rate (% of total number of financings)3.85%

 

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: December 2016

 

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.