Hope Credit Union Pledges $1 Billion to Improve Lives in Underserved Deep South Communities
Groundbreaking investment to support 150,000 homebuyers, businesses and families
Today, Hope Credit Union (HOPE), the nation’s leading Black- and women-owned community development financial institution, announced plans to provide $1 billion financing to improve lives and close the racial and gender opportunity gaps in Alabama, Arkansas, Louisiana, Mississippi and Tennessee. HOPE projects that the investment will benefit more than 150,000 people over the next 10 years.
HOPE projects that the investment will benefit more than 150,000 people over the next 10 years.
“People in the Deep South are incredibly resilient, and can do anything, if they have the tools,” said HOPE CEO Bill Bynum. “With this historic investment by the Treasury, HOPE will ensure that for families, entrepreneurs and communities in the Delta, in the Black Belt and in rural areas and inner cities throughout the Deep South, access to affordable financial tools will no longer be a barrier to their success.”
To learn more about HOPE and its $1 billion commitment, click here.