Sep, 30, 2025 — HOPE FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, MS with 24 branch locations and about $779.44 million in total assets. Opened 31 years ago in 1995, HOPE FEDERAL CREDIT UNION has about 41,017 members and employs 278 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) | 4 Old River Pl JACKSON, MS 39202-3431 |
| Phone: | (601) 944-1100 |
| Fax: | (601) 944-0808 |
| Website: | https://www.hopecu.org |
| Branches: | 24 branch locations |
| Members: | 41,017 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24829 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1995 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $779,444,194 |
| CEO/Manager: | William Bynum |
| Chairperson: | Carolyn Gill-Jefferson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 74,704,766 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 441,242,973 |
| Unsecured Loans | 5,957,414 |
| Other Loans | 65,891,519 |
| TOTAL LOANS | 514,478,850 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,228,939 |
| Land And Building | 15,190,030 |
| Other Fixed Assets | 13,487,147 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,923,108 |
| All Other Assets | 551,048 |
| TOTAL ASSETS | 779,444,194 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 750,806 |
| Notes & Interest Payable | 45,032,263 |
| Accounts Payable & Other Liabilities | 12,351,732 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 138,370,130 |
| Share Drafts | 80,321,644 |
| Regular shares | 78,242,239 |
| All Other Shares & Deposits | 423,119,709 |
| TOTAL SHARES & DEPOSITS | 581,683,594 |
| TOTAL LIABILITIES | 778,188,525 |
| Regular Reserve | 0 |
| Other Reserves | -5,750,067 |
| Undivided Earnings | 7,005,736 |
| TOTAL EQUITY | 1,255,669 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 779,444,194 |
| INCOME & EXPENSE | |
| Loan Income | 20,469,121 |
| Investment Income | 4,647,965 |
| Other Income | 4,162,065 |
| Total Employee Compensation & Benefits | 14,940,331 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 16,832,825 |
| Non-operating Income & (Expense) | 2,093,054 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,832,489 |
| Cost of Funds | 10,054,220 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 293,771 |
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