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HOPE FEDERAL CREDIT UNION

Mar, 31, 2021 — HOPE FEDERAL CREDIT UNION is a federal credit union headquartered in JACKSON, MS with 23 branch locations and about $472.15 million in total assets. Opened 26 years ago in 1995, HOPE FEDERAL CREDIT UNION has about 34,708 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:34,708
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:$472,145,796
CEO/Manager:William Bynum
Chairperson:Robert Gibbs

Call Report

  • Commercial Loans
  • Credit Builder
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Individual Development Accounts
  • In-School Branches
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 162,112,435
TOTAL INVESTMENTS 43,713,352
Loans Held for Sale 0
 
 Real Estate Loans 220,002,539
 Unsecured Loans 4,128,214
 Other Loans 26,954,635
 TOTAL LOANS 252,057,710
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -7,230,723
 Land And Building 10,553,120
 Other Fixed Assets 1,447,706
 NCUSIF Deposit 2,458,629
 All Other Assets 7,033,567
  TOTAL ASSETS 472,145,796
LIABILITIES & CAPITAL:  
 Dividends Payable 386,331
 Notes & Interest Payable 70,940,986
 Accounts Payable & Other Liabilities 5,740,450
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 31,946,774
 Share Drafts 65,051,244
 Regular shares 78,089,903
 All Other Shares & Deposits 214,038,799
  TOTAL SHARES & DEPOSITS 357,179,946
  TOTAL LIABILITIES 466,194,487
 Regular Reserve 0
 Other Reserves 67,935
 Undivided Earnings 5,883,374
  TOTAL EQUITY 5,951,309
  TOTAL LIABILITIES, SHARES, & EQUITY 472,145,796
INCOME & EXPENSE  
 Loan Income 3,100,942
 Investment Income 129,633
 Other Income 941,636
 Total Employee Compensation & Benefits 2,194,879
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,539,352
 Non-operating Income & (Expense) 849,756
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 930,526
 Cost of Funds 960,676
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 61,788
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