The Daily Tar Heel is reporting that the University of North Carolina (UNC) has given Self-Help Credit Union a $3 million, zero-percent interest loan with a term of 10 years.
The loan will allow Self-Help Credit Union to acquire properties as part of the Northside Neighborhood Initiative.
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Self-Help Credit Union is a socialist conglomerate organization with a business model dependent upon taxpayer subsidies, big government's Community Reinvestment Act mandates, the U.S. Treasury's CDFI Fund's millions in taxpayer largess, and the left-wing nonprofit funding from the likes of the Ford Foundation.
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