{"product_id":"lending-power-how-self-help-credit-union-turned-small-time-loans-into-big-time-change-hardcover","title":"Lending Power: How Self-Help Credit Union Turned Small-Time Loans Into Big-Time Change - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eHoward E. Covington Jr\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eEstablished 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 nation's largest home lender to low- and moderate-income borrowers. Self-Help's 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 organization's early goals of promoting worker-owned businesses, but it was a crucial first step toward wielding inclusive lending as a weapon for economic justice. \u003cbr\u003e In \u003ci\u003eLending Power\u003c\/i\u003e journalist and historian Howard E. Covington Jr. narrates the compelling story of Self-Help's 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. \u003cbr\u003e 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 nation's 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. \u003cbr\u003e 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 nation's 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, \u003ci\u003eLending Power\u003c\/i\u003e shows how hard-working and dedicated people can help improve their communities.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eHoward E. Covington Jr. is a freelance historian and biographer and the author or coauthor of several books, including \u003ci\u003eTerry Sanford: Politics, Progress, and Outrageous Ambitions\u003c\/i\u003e, also published by Duke University Press; \u003ci\u003eThe Story of Nationsbank: Changing the Face of American Banking\u003c\/i\u003e; \u003ci\u003eHenry Frye: North Carolina's First African American Chief Justice\u003c\/i\u003e; and \u003ci\u003eFavored by Fortune: George W. Watts and the Hills of Durham\u003c\/i\u003e. An award-winning newspaper reporter and editor, Covington received the Ragan Old North State Award for nonfiction in 2004. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e 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 \u003ci\u003eTime\u003c\/i\u003e magazine in 2016.\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 232\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.6 x 9.3 x 6.3 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 06, 2017\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":48741484363997,"sku":"9780822369691","price":77.68,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0811\/9867\/8237\/files\/eWVmA_wrRY9780822369691.webp?v=1789883473","url":"https:\/\/handfulofbooks.com\/products\/lending-power-how-self-help-credit-union-turned-small-time-loans-into-big-time-change-hardcover","provider":"Handful of Books","version":"1.0","type":"link"}