Description: Lending Power by Howard E. Covington Jr. Estimated delivery 3-12 business days Format Hardcover Condition Brand New Description Lending Power is the compelling story of the nonprofit Center for Community Self-Help, a community-oriented and civil rights-based financial institution that has helped provide loans to those who lacked access to traditional financing while fighting for consumer protection for all Americans. Publisher Description Established by Martin Eakes and Bonnie Wright in North Carolina in 1980, the nonprofit Center for Community Self-Help has grown from an innovative financial institution dedicated to civil rights into the nations largest home lender to low- and moderate-income borrowers. Self-Helps first capital campaign-a bake sale that raised a meager seventy-seven dollars for a credit union-may not have done much to fulfill the organizations early goals of promoting worker-owned businesses, but it was a crucial first step toward wielding inclusive lending as a weapon for economic justice. In Lending Power journalist and historian Howard E. Covington Jr. narrates the compelling story of Self-Helps founders and coworkers as they built a progressive and community-oriented financial institution. First established to assist workers displaced by closed furniture and textile mills, Self-Help created a credit union that expanded into providing home loans for those on the margins of the financial market, especially people of color and single mothers. Using its own lending record, Self-Help convinced commercial banks to follow suit, extending its influence well beyond North Carolina. In 1999 its efforts led to the first state law against predatory lending. A decade later, as the Great Recession ravaged the nations economy, its legislative victories helped influence the Dodd-Frank Wall Street Reform and Consumer Protection Act and the formation of the Consumer Financial Protection Bureau. Self-Help also created a federally chartered credit union to expand to California and later to Illinois and Florida, where it assisted ailing community-based credit unions and financial institutions. Throughout its history, Self-Help has never wavered from its mission to use Dr. Martin Luther King Jr.s vision of justice to extend economic opportunity to the nations unbanked and underserved citizens. With nearly two billion dollars in assets, Self-Help also shows that such a model for nonprofits can be financially successful while serving the greater good. At a time when calls for economic justice are growing ever louder, Lending Power shows how hard-working and dedicated people can help improve their communities. Author Biography Howard E. Covington Jr. is a freelance historian and biographer and the author or coauthor of several books, including Terry Sanford: Politics, Progress, and Outrageous Ambitions, also published by Duke University Press; The Story of Nationsbank: Changing the Face of American Banking; Henry Frye: North Carolinas First African American Chief Justice; and Favored by Fortune: George W. Watts and the Hills of Durham. An award-winning newspaper reporter and editor, Covington received the Ragan Old North State Award for nonfiction in 2004. Darren Walker is president of the Ford Foundation, former vice president of the Rockefeller Foundation, and served as the COO of the Abyssinian Development Corporation, where he oversaw a housing revitalization program in Harlem. Walker was named one of the "100 Most Influential People in the World" by Time magazine in 2016. Details ISBN 0822369699 ISBN-13 9780822369691 Title Lending Power Author Howard E. Covington Jr. Format Hardcover Year 2017 Pages 232 Publisher Duke University Press GE_Item_ID:161669733; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. 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Price: 59.49 USD
Location: Calgary, Alberta
End Time: 2025-02-05T06:03:33.000Z
Shipping Cost: 0 USD
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Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
ISBN-13: 9780822369691
Type: NA
Publication Name: NA
Book Title: Lending Power : How Self-Help Credit Union Turned Small-Time Loans Into Big-Time Change
Number of Pages: 232 Pages
Language: English
Publisher: Duke University Press
Publication Year: 2017
Item Height: 0.4 in
Topic: Banks & Banking, United States / State & Local / South (Al, Ar, Fl, Ga, Ky, La, ms, Nc, SC, Tn, VA, WV), Social Activists, Industries / Financial Services, Money & Monetary Policy
Illustrator: Yes
Genre: Biography & Autobiography, Business & Economics, History
Item Weight: 16.8 Oz
Author: Howard E. Covington Jr.
Item Length: 9 in
Item Width: 6 in
Format: Hardcover
