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HOPE FEDERAL CREDIT UNION

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.


ABA Routing Number: 065382514
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://hopecu.org
Branches:23 branch locations
Members:34,586
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$468,060,694
CEO/Manager:William Bynum
Chairperson:Robert Gibbs

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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