The Winthrop Rockefeller Foundation has approved a $250,000 deposit into the $117 million Hope Community Credit Union.
The Jackson, Miss.-based community development credit union and its sponsor, the Enterprise Corp. of the Delta, have become a community development force in the region.
"Increasingly, individuals and institutions are investing in socially responsible financial institutions, like Hope, that generate both financial and community development returns," said Dr. Sherece West, president/CEO of the Winthrop Rockefeller Foundation.
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"Investing in Hope is a responsible way to complement our 'Moving the Needle' strategy, designed to help close the economic and educational gaps that leave too many Arkansas families in persistent poverty. The board is committed to moving low-income Arkansans from poverty to prosperity and knows that Hope will put our money to work supporting affordable housing, business development, and other services in distressed areas. At the same time, our funds are safe and earning market interest rates."
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