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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.

What do you know about keeping investment dollars local?

Are you helping keep investment dollars in Western North Carolina? Are you exploring ways to grow our community by keeping capital right here where we live, work and play — rather than sending it all to Wall Street?

If so, Mountain Xpress would like to hear from you. We’ll feature ongoing news and views about local investing. We’re looking for your ideas, writing, tips, knowledge and passionate interest.

Please contact Jeff Fobes at publisher@mountainx.com with ideas, comments or other news.

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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