Jun, 30, 2021 — HOPE FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, MS with 23 branch locations and about $411.42 million in total assets. Opened 26 years ago in 1995, HOPE FEDERAL CREDIT UNION has about 35,709 members and employs 196 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://hopecu.org |
| Branches: | 23 branch locations |
| Members: | 35,709 |
| 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: | $411,418,544 |
| CEO/Manager: | William Bynum |
| Chairperson: | Robert Gibbs |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 87,190,489 |
| TOTAL INVESTMENTS | 58,673,088 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 218,983,496 |
| Unsecured Loans | 3,851,355 |
| Other Loans | 25,118,592 |
| TOTAL LOANS | 248,985,206 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,327,338 |
| Land And Building | 10,585,598 |
| Other Fixed Assets | 1,399,938 |
| NCUSIF Deposit | 2,488,379 |
| All Other Assets | 9,423,184 |
| TOTAL ASSETS | 411,418,544 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 267,390 |
| Notes & Interest Payable | 33,421,915 |
| Accounts Payable & Other Liabilities | 7,291,186 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 31,381,774 |
| Share Drafts | 47,421,221 |
| Regular shares | 66,800,696 |
| All Other Shares & Deposits | 218,019,514 |
| TOTAL SHARES & DEPOSITS | 332,241,431 |
| TOTAL LIABILITIES | 404,603,696 |
| Regular Reserve | 0 |
| Other Reserves | 55,673 |
| Undivided Earnings | 6,759,175 |
| TOTAL EQUITY | 6,814,848 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 411,418,544 |
| INCOME & EXPENSE | |
| Loan Income | 6,217,989 |
| Investment Income | 304,787 |
| Other Income | 2,030,974 |
| Total Employee Compensation & Benefits | 4,396,851 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,274,987 |
| Non-operating Income & (Expense) | 2,257,930 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,335,324 |
| Cost of Funds | 1,900,468 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 937,589 |
| ↑ Back to Top | |