Jun, 30, 2023 — HOPE FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, MS with 23 branch locations and about $525.75 million in total assets. Opened 29 years ago in 1995, HOPE FEDERAL CREDIT UNION has about 36,158 members and employs 238 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 |
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Address: (Main Office) | 4 Old River Pl JACKSON, MS 39202-3431 |
Phone: | (601) 944-1100 |
Fax: | (601) 944-0808 |
Website: | https://hopecu.org |
Branches: | 23 branch locations |
Members: | 36,158 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24829 |
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Membership Type: | Multiple common bond - Primarily faith based |
Corporate Credit Union: | No |
Year Opened: | 1995 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $525,749,681 |
CEO/Manager: | William Bynum |
Chairperson: | Robert Gibbs |
ASSETS: | $ Amount |
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Cash & Equivalents | 91,575,164 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 222,121,702 |
Unsecured Loans | 4,643,692 |
Other Loans | 25,773,993 |
TOTAL LOANS | 254,361,595 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,203,685 |
Land And Building | 9,801,359 |
Other Fixed Assets | 2,475,929 |
NCUSIF Deposit | 3,314,275 |
All Other Assets | 624,705 |
TOTAL ASSETS | 525,749,681 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 125,699 |
Notes & Interest Payable | 23,012,059 |
Accounts Payable & Other Liabilities | 6,353,304 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 144,431,549 |
Share Drafts | 57,572,790 |
Regular shares | 80,302,903 |
All Other Shares & Deposits | 223,059,570 |
TOTAL SHARES & DEPOSITS | 360,935,263 |
TOTAL LIABILITIES | 534,857,874 |
Regular Reserve | 0 |
Other Reserves | -15,351,837 |
Undivided Earnings | 6,243,644 |
TOTAL EQUITY | -9,108,193 |
TOTAL LIABILITIES, SHARES, & EQUITY | 525,749,681 |
INCOME & EXPENSE | |
Loan Income | 9,984,487 |
Investment Income | 2,223,025 |
Other Income | 2,489,500 |
Total Employee Compensation & Benefits | 8,662,005 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 9,424,542 |
Non-operating Income & (Expense) | 2,912,316 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -589,954 |
Cost of Funds | 2,167,426 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 180,317 |
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