Dec, 31, 2021 — HOPE FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, MS with 23 branch locations and about $468.06 million in total assets. Opened 27 years ago in 1995, HOPE FEDERAL CREDIT UNION has about 34,586 members and employs 204 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: | 34,586 |
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, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $468,060,694 |
CEO/Manager: | William Bynum |
Chairperson: | Robert Gibbs |
ASSETS: | $ Amount |
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Cash & Equivalents | 106,495,571 |
TOTAL INVESTMENTS | 97,416,335 |
Loans Held for Sale | 0 |
Real Estate Loans | 226,038,840 |
Unsecured Loans | 4,491,626 |
Other Loans | 22,596,828 |
TOTAL LOANS | 254,273,386 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,706,272 |
Land And Building | 10,327,507 |
Other Fixed Assets | 1,400,048 |
NCUSIF Deposit | 2,850,929 |
All Other Assets | 4,003,190 |
TOTAL ASSETS | 468,060,694 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 210,387 |
Notes & Interest Payable | 31,445,750 |
Accounts Payable & Other Liabilities | 10,981,527 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 50,472,549 |
Share Drafts | 51,406,452 |
Regular shares | 76,871,479 |
All Other Shares & Deposits | 241,520,043 |
TOTAL SHARES & DEPOSITS | 369,797,974 |
TOTAL LIABILITIES | 462,908,187 |
Regular Reserve | 0 |
Other Reserves | -910,821 |
Undivided Earnings | 6,063,328 |
TOTAL EQUITY | 5,152,507 |
TOTAL LIABILITIES, SHARES, & EQUITY | 468,060,694 |
INCOME & EXPENSE | |
Loan Income | 13,284,499 |
Investment Income | 799,716 |
Other Income | 4,361,036 |
Total Employee Compensation & Benefits | 9,292,916 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,466,171 |
Non-operating Income & (Expense) | 5,035,302 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,414,780 |
Cost of Funds | 3,554,894 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 241,742 |
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