NBC set to launch Credit Union Campaign at Mid-Winter Board Meeting

By Dr. Jerlen Y. Canada, Media & Press Relations Director |  January 10, 2019

NATIONAL BAPTIST CONVENTION EMBARKS ON CAMPAIGN TO FORM ITS OWN CREDIT UNION
The National Baptist Convention, USA, Inc. (NBC), will officially announce its national deposit-raising campaign on Tuesday, January 15, 2019, at  10:45 a.m. at the Jackson Convention Complex during its Mid-Winter Board Meeting in Jackson, Mississippi. The event marks the launch of an initiative to open a NBC-founded credit union with a goal of raising $50 million over the next three to five years. 

The multi-year, multi-million dollar funding campaign is calling on NBC members and supporters to make individual federally-insured deposits with Self-Help.  Once the Convention is granted regulatory approval, depositors may begin to transfer funds to the newly chartered NBC credit union.
The partnership builds on an established relationship between NBC and the Center for Responsible Lending, the consumer advocacy arm of the Self-Help family of organizations.

“Credit unions are closely aligned with our mission and work,” states Dr. Jerry Young, president of the National Baptist Convention, USA, Inc. “The National Baptist Convention USA, Inc. has always recognized the importance of working together and pooling our resources to build strong communities. Creating this credit union is a natural extension of our historic mission of increasing both the spiritual and financial well-being of our member churches and their parishioners nationwide.”

About the National Baptist Convention, USA, Inc.
Founded in 1886, the National Baptist Convention, USA, Inc. is the nation’s oldest and largest African-American religious convention with an estimated membership of 7.5 million. Led by its president, Dr. Jerry Young, the Convention is comprised of churches in 43 of the 50 states and the Caribbean, representing more than 31,000 churches. NBC membership participation is the key to the creation of the credit union. Learn more at nationalbaptist.com.

About Self-Help
Self-Help is one of the largest community development financial institutions in the United States. The Self-Help family of nonprofit organizations includes Self-Help Credit Union, Self-Help Federal Credit Union, a national loan fund and the Center for Responsible Lending, a policy and advocacy organization addressing abusive lending practices. Since 1980, Self-Help has provided over $7 billion in financing to over 146,000 families, individuals and businesses. The organization’s activities help to drive economic development and strengthen communities by providing responsible financial services; lending to individuals, small businesses and nonprofits; developing real estate; and promoting fair financial practices across the United States. Self-Help Credit Union is federally-insured by the National Credit Union Administration

FOR IMMEDIATE RELEASE
January 9, 2019
 
Media Contacts:
                Jerlen Young Canada  601-362-6265              mediarelations@nationalbaptist.com

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