Go Local CD launches

Invest locally: As the Go Local CD slogan says, “Put Your Money Where Your Heart Is: Love Western North Carolina: Invest Local.” (Pictured: Go Local organizer Franzi Charen). photo by Max Cooper

On March 22, Carolina Mountains Credit Union, a division of Self-Help Credit Union, launched its first-ever local certificate of deposit — the Go Local CD. On its first day, the initiative raised nearly $150,000 for Western North Carolina-based lending, says Jane Hatley, Western Regional Director for Self-Help.

The result of a partnership with Asheville Grown and the Go Local campaign, the new investment vehicle will help fund the credit union’s home mortgages (that will never be sold), as well as small-business, auto and signature loans. The Go Local CD will also help the credit union support local economic-development projects.

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