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HOPE FEDERAL CREDIT UNION

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.


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: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

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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