Is Hope Credit Union Black Owned?
Hope Credit Union is a Black-owned institution in the South.
Who owns Hope Federal Credit Union?
Hope Federal Credit Union (HOPE) was organized in 1995 by the members of Anderson United Methodist Church as Mississippi's only church-sponsored credit union. The credit union grew out of a desire to foster asset development, cooperation and self-empowerment among low-income Jackson residents.
Is Hope Credit Union a bank?
HOPE is a cooperative where every member has an equal voice in the credit union, and that means you get a relationship with a financial institution that puts your needs first. HOPE is a community development credit union, and membership is open to individuals and organizations who join Hope Enterprise Corporation.
Is Hope Credit Union FDIC insured?
Hope Credit Union is federally regulated, and therefore, deposits are insured through the National Credit Union Administration (NCUA) up to $250,000. This is similar to FDIC insurance which covers banks. You can learn more about NCUA insurance here.