Sep, 30, 2025 — HOPE FEDERAL CREDIT UNION is a federal credit union headquartered in BRIDGEPORT, WV with 1 branch location and about $40.55 million in total assets. Opened 91 years ago in 1935, HOPE FEDERAL CREDIT UNION has about 2,596 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOPE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 925 White Oaks Blvd. BRIDGEPORT, WV 26330 |
| Phone: | (681) 842-3065 |
| Fax: | (681) 842-3045 |
| Website: | https://www.hopefcu.com |
| Branches: | 1 branch locations |
| Members: | 2,596 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 220 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $40,550,467 |
| CEO/Manager: | Michael A Dean |
| Chairperson: | Lynette Green |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,709,812 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,658,377 |
| Other Loans | 15,944,391 |
| TOTAL LOANS | 19,602,768 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -112,297 |
| Land And Building | 0 |
| Other Fixed Assets | 2,094 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 306,058 |
| All Other Assets | 0 |
| TOTAL ASSETS | 40,550,467 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 19,067 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,698,918 |
| Regular shares | 19,125,273 |
| All Other Shares & Deposits | 11,433,095 |
| TOTAL SHARES & DEPOSITS | 32,257,286 |
| TOTAL LIABILITIES | 32,276,353 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,274,114 |
| TOTAL EQUITY | 8,274,114 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 40,550,467 |
| INCOME & EXPENSE | |
| Loan Income | 959,545 |
| Investment Income | 568,897 |
| Other Income | 22,593 |
| Total Employee Compensation & Benefits | 349,442 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 185,824 |
| Non-operating Income & (Expense) | 2,903 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 57,590 |
| Cost of Funds | 593,822 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 367,260 |
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