Press Releases | Hope Credit Union

Historic Partnership Makes Significant Investment into Small Businesses in the Deep South

February 9th, 2021

JACKSON, MISSISSIPPI (February 9, 2021) — Today, Hope Enterprise Corporation, with a commitment from Goldman Sachs 10,000 Small Businesses of up to $130 million, has partnered with seven cities, and nine historically Black colleges and universities (HBCUs) to launch the Deep South Economic Mobility Collaborative (DSEMC). Formed to stabilize and strengthen businesses and communities devastated by the economic crisis, DSEMC is an innovative collaborative that invests in the power of small businesses and entrepreneurs in the Deep South, particularly those from underserved and under-resourced communities.

Katrina Malone Joins HOPE’s Executive Team as Chief Program Officer

December 1st, 2020

JACKSON, MS – Hope Enterprise Corporation/Hope Credit Union (HOPE) has announced the hire of Katrina Malone as Chief Program Officer, a new position on the financial institution’s executive team. A leader with more than 20 years in the finance and technology sectors, Malone provides strategic direction for HOPE’s teams that finance affordable housing and community facilities, and advance other projects that increase economic mobility.

HOPE Promotes Kathy Saloy to Senior Vice President, Community Economic Development

November 13th, 2020

JACKSON, MS – Hope Enterprise Corporation/Hope Credit Union (HOPE) has announced the promotion of Kathy Saloy to Senior Vice President, Community & Economic Development.

Hope Enterprise Corporation to Receive Recognition at the Novogradac 2020 New Markets Tax Credit Fall Virtual Conference

October 26th, 2020

SAN FRANCISCO—Hope Enterprise Corporation (HOPE) is proud to announce that it has been awarded a Novogradac Journal of Tax Credits 2020 QLICIs of the Year Award for its investment in Tippah County Hospital in Ripley Miss., using new markets tax credits (NMTCs). HOPE and Tippah County Hospital will receive recognition in the non-metro category at the Novogradac 2020 New Markets Tax Credit Fall Virtual Conference, Oct. 29-30.

HOPE, Southport Development Complete Innovative Opportunity Zone Fund Transaction to Increase Affordable Housing in Distressed Mississippi Community

October 22nd, 2020

JACKSON, MS – In one of the first transactions utilizing separate investors to bring Opportunity Zone Fund (OZF) equity alongside Low-Income Housing Tax Credits (LIHTC), Hope Enterprise Corporation (HOPE) has closed a deal to create high-quality, affordable housing in a distressed community in Mississippi.

Jones Valley Teaching Farm to Open Center for Food Education in Downtown Birmingham, AL

September 24th, 2020

Local non-profit secures competitive New Markets Tax Credit for flagship community learning center (Birmingham, AL) September 22, 2020 – Jones Valley Teaching Farm (JVTF) is pleased to announce the groundbreaking of the Center for Food Education, a community hub to be built on JVTF’s Downtown Teaching Farm located at 701 25th Street North in Birmingham. The multi-use facility will anchor the non-profit’s work and create an inviting permanent infrastructure that will reach more students, teachers, and surrounding community members—locally, regionally, and nationally.

BBCF, Hope Credit Union (HOPE) and Foundation Partners Announce Program Giving Black Belt Communities Immediate Access to COVID Response Funds

August 17th, 2020

The Black Belt Community Foundation (BBCF), Hope Credit Union (HOPE) and several partners have announced the creation of a program that will give numerous Alabama cities and counties immediate access to capital for COVID-19 response needs.

HOPE Named Winner of Inaugural Beacon Award

July 16th, 2020

Lipman Family, Wharton School Recognize HOPE’s Innovative Social Impact JACKSON, MS – The Lipman Family Prize has announced Hope Enterprise Corporation (HOPE) as one of two winners of the Beacon Award. Managed by The Wharton School at the University of Pennsylvania, the Lipman Family Prize recognizes change-makers who “bring innovative ideas to new places and problems around the world” and “celebrates leadership and innovation in the social sector with an emphasis on impact and [the] transferability of practices.”

Wells Fargo Awards $13.5M Grant to the Expanding Black Business Credit Initiative

July 14th, 2020

WASHINGTON (July 13, 2020) – Wells Fargo awarded a $13.5M grant to the Expanding Black Business Credit (EBBC) initiative, a consortium that addresses the critical lending and wealth gaps faced by Black entrepreneurs and families in the U.S. The transformative donation will provide $10M in seed funding for a $78M Black Vision Fund.

Netflix Invests $10 Million in HOPE to Build Economic Opportunity in Black Communities

June 30th, 2020

JACKSON, MS – Netflix today announced a $10 million deposit in Hope Credit Union as one of the first investments in a $100 million initiative build economic opportunity in Black communities. The investment is among the first made by Netflix in financial institutions and other organizations that directly support Black communities in the U.S.