Monday, August 27, 2018
MacArthur Foundation Invests $15 Million in Self-Help FCU
The MacArthur Foundation on August 24 invested $15 million in the form of a low-interest loan to Self-Help Ventures Fund (Durham, NC).
The investment is to support the efforts of Self-Help Federal Credit Union to stabilize and grow the recently acquired operations of Seaway Bank, which historically provided banking services in underserved African-American communities on Chicago's South Side.
Read the press release.
The investment is to support the efforts of Self-Help Federal Credit Union to stabilize and grow the recently acquired operations of Seaway Bank, which historically provided banking services in underserved African-American communities on Chicago's South Side.
Read the press release.
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