Says serving low-income communities has its challenges, but the additional planning and attention to projections and risk management are worth the effort.
The 25,000-member Jackson, Miss., CU is working with two Mississippi towns to help them retain access to banking services.
Hope Enterprise Corp., the chief sponsor of the 25,000 member, $136 million Hope Community Credit Union, headquartered in Jackson, Miss., has been awarded a membership in the national NeighborWorks network.
Sponsor of Hope Community Credit Union in Jackson, Miss., joins NeighborWorks.
The $138 million Hope Credit Union has announced a new lending initiative designed to bring sources of fresh food into parts of New Orleans that currently have none.
Because the outreach and service roles of its credit union have grown over the years, the Enterprise Corporation of the Delta has changed its name to the Hope Enterprise Corporation.
Receiving NCUA assistance, the $135 million Hope Credit Union of Jackson, Miss. said Friday it is completing a merger effective today of the struggling, low income East Central FCU of Louisville, Miss.
Community development credit unions that applied for funds from the Community Development Capital Initiative have started to receive them.
Kappa Alpha Psi Federal Credit Union, a predominantly African-American community development credit union headquartered in Addison, Texas, is fighting an NCUA liquidation order in court.
Bill Bynum, CEO of the Enterprise Corporation of the Delta, the sponsoring organization for the $122 million Hope Community Credit Union, will be among the leaders to testify before the House Financial Services Committee on March 9.