• Mortgage Loans
  • image
  • image
  • Business Services
Previous Next

Email

2014InternationalCreditUnionDay-LinkingBanner-299x216"Local Service. Global Good." HOPE Celebrates 2014 International Credit Union Day All Week

On October 16, 2014, HOPE will join credit unions around the world will celebrate International Credit Union (ICU) Day®. That’s 200+ million people … from 56,000 credit unions … in 101 countries joining together to celebrate their cooperative spirit.

Why do 208 million people worldwide choose credit unions? Because credit unions constantly push to make their communities better places for their members worldwide. This year’s theme, “Local Service. Global Good™”, encapsulates what has long been credit unions’ philosophical principles — service to members and social responsibility.

We think it’s such an amazing opportunity, we want to take the whole week to celebrate the great benefits of credit union membership.  We also hope you’ll take the opportunity to encourage family, friends, neighbors, and co-workers to become members, or learn more about how a credit union can benefit you.  With our new online application, it’s easier than ever for someone to join HOPE.

For HOPE’s members and across the globe, this cooperative spirit has led to life-changing opportunities in the form of small business start-ups, home ownership, and education. In some countries, members encounter their first taste of democratic decision-making through their member-owned credit unions.

Beginning on Tuesday, October 14, come in to your nearest HOPE branch and enjoy these special offers and events:

  • October 14 – Sign up for E-Statements, and we’ll put $5 in your savings account.
  • October 15 – Get a coupon that will waive the $10 application fee on consumer loans.
  • October 16 – Sign up for a financial education class in your area.
  • October 16-17 – Enjoy an open house at your local branch.

If you can't make it to one of our branches, just give us a call and we'll help you with the offers that work for you.

During the week, children can bring in ICU Day coloring pages and we’ll display them in the branch.  The coloring pages will be available from any HOPE branch.  You can also download the coloring page (JPG or PDF), print them at home or at work, let your children color them, and then bring them to a branch.

This year, credit unions have been present during the most tumultuous moments around the world. Throughout the crisis in Ukraine, credit union volunteers were among the protesters in Kiev and are now attempting to maintain financial stability for their members. With the help of the World Council of Credit Unions, which is supported by credit unions in the U.S., Ukrainian credit unions are working on ways to ensure loans can be made to those who need it, and upholding the confidence of their members.

2014InternationalCreditUnionDay-Infographic-SOn the other side of the globe, credit unions in the Philippines are dealing with the devastation left after the recent typhoon. With the help of credit union organizations around the world, they are now rebuilding and renovating affected branches to better fit members’ needs. After such destruction, these Filipino credit unions are helping people get back on their feet. And credit unions worldwide are providing the basis for development while serving local communities, with an unwavering belief in the “people helping people” philosophy upon which we were built.

Locally, as a member of HOPE, you and your financial stability are our top priorities. Globally, you’re part of a much bigger movement—the credit union movement—working towards global good each and every day. That’s definitely something to celebrate!

Click image for full-sized infographic.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013InternationalCreditUnionDay-Logo-585x211HOPE Celebrates 2013 International Credit Union Day All Week

On October 17, 2013, thousands of credit unions in 100 countries will celebrate International Credit Union (ICU) Day® by joining together and celebrating their cooperative spirit.  HOPE wants members to appreciate all the benefits of being a credit union member with special offers all week long.

Unlike many banks, HOPE is not in business to make a profit. Credit unions all over the world are a united front focused on you, the members, with an unwavering belief in the “people helping people” philosophy upon which we were built.

The annual observance highlights the benefits that credit unions provide to members and the ways they help build communities with affordable financial services.  We think it’s such an amazing opportunity, we want to take the whole week to celebrate your credit union membership.  We also hope you’ll take the opportunity to encourage family, friends, neighbors, and co-workers to become members, or learn more about how a credit union can benefit you.  With our new online application, it’s easier than ever for someone to join HOPE.

Beginning on Tuesday, October 15, come in to your nearest HOPE branch and enjoy these special offers and events:

  • October 15 – Sign up for E-Statements, and we’ll put $5 in one of your accounts.
  • October 16 – Get a coupon that will waive the $10 application fee on consumer loans.
  • October 17 – Sign up for a financial education class in your area.
  • October 17-18 – Enjoy an open house at your local branch.

If you can't make it to one of our branches, just give us a call and we'll help you with the offers that work for you.

During the week, children can bring in ICU Day coloring pages and we’ll display them in the branch.  The coloring pages will be available from any HOPE branch or at starting October 1.  You can also download one or both coloring pages (Butterflies or Hexagons), print them at home or at work, let your children color them, and then bring them to a branch.

They might also enjoy our credit union crossword puzzle.

As a HOPE Credit Union member, you belong to a global movement in which people help people. Worldwide, 188 million members experience the benefits of belonging to a financial institution that exists to serve them, not to increase the bottom line.

A focus on superb customer service and member satisfaction sets credit unions apart from other financial institutions. As not-for-profit cooperative institutions, credit unions return their earnings to members in the form of higher interest on deposits, lower loan rates, and fewer fees.

Irrespective of the amount you have on deposit with HOPE, you are a member and an owner, with equal ownership and one vote. Members are never just numbers; your ownership empowers you and provides a voice.

In addition to member ownership, credit unions offer education and training programs. Fifty-four percent of Americans ages 18 to 34 check their social media accounts daily, while less than one third do a daily check on their financial statements. Credit unions actively focus on creating fiscally responsible members through their wide variety of education programs, which positively impact savings and spending habits for a lifetime.

Member ownership, education and training programs, and concern for the community are key cooperative values that differentiate credit unions from other financial institutions. You may want to take advantage of some of the free financial counseling we provide.

The credit union movement is a united force based on camaraderie, cooperation, and collaboration. That’s why, at a credit union, you are never a number — you are a member, and we are here to serve you.

 

 

 

 

 

Everyone who receives federal benefit payments by paper check is required by the U.S. Department of the Treasury to switch to an electronic payment option by March 1, 2013.  Anyone applying for federal benefits on or after May 1, 2011, will receive their payments electronically from day one.

 

Make the Change Now!
To ensure you don’t have any headaches or hassle, don’t wait until the deadline to enroll for direct deposit.  With a HOPE account, you are ready to begin receiving your benefits via direct deposit right away.

 

Why Direct Deposit?
Receiving federal benefit payments by direct deposit means senior citizens, people with disabilities,
veterans and others can experience significant advantages compared to paper checks, including:

  • Safety – No risk of lost or stolen checks.
  • Ease – No need to make a special trip to cash or deposit a check.
  • Reliability – Payments are on time, every time.
  • Cost-Savings – Saves taxpayers $120 million each year.

 

Getting Direct Deposit at HOPE is Easy!
You can make the change in one of several easy ways:

  1. In Person - Visit your nearest HOPE Branch or by calling our Member Service Center toll-free at 1-866-321-HOPE.  We can answer questions about how federal benefit payments are being delivered and can help you set up direct deposit to a HOPE account.  We will work with you to make sure everything is handled correctly.
  2. Online at www.godirect.org.
  3. By Phone - Call toll-free 1-800-333-1795.

 

What Will I Need to Open a HOPE Account?
There are a few simple pieces of information you will need to have available when you are ready to set up your direct deposit.

  • Identification - 2 Forms of identification that may include:
    • Drivers License
    • Social Security Card
    • Passport
    • Insurance Card
    • Medicaid/Medicare Card
    • Tax ID Number/Application
    • Alien Identification Card
    • Alien Visa
  • Deposit - No deposit is required at account opening as long as direct deposit with HOPE is established.  

 

What if I don’t get direct deposit? 
You will receive a Direct Express® Debit MasterCard® to access your funds.

 

You can see or download or Go Direct flyer.

October 18th is International Credit Union Day!

2012internationalcreditunionday-westmemphis-3-s
Members in West Memphis learned more about all
the benefits of credit union membership.

HOPE and thousands of credit unions around the world continue to be a part of improving the lives of individuals, families, and communities.  On October 18, take the opportunity to celebrate your HOPE membership, encourage friends and family to become members, or learn more about how a credit union can benefit you.

With seven billion people living in the world, each passing moment provides an opportunity to help one another. By losing ourselves in a cause we believe in and are prepared to fight for, we can find both happiness and genuine success.

Credit unions in 100 countries will celebrate International Credit Union (ICU) Day by banding together and appreciating their members.

As a Hope Credit Union member, you belong to a global movement in which people help people. Worldwide, 188 million members experience the benefits of belonging to a financial cooperative that believes in and is willing to fight for this year’s message: “Members Matter Most.”

Credit unions exist to serve you, the member, not to increase the bottom line. A focus on superb customer service and member satisfaction sets credit unions apart from other financial institutions. As not-for-profit cooperative institutions, credit unions return their earnings to members in the form of higher interest on deposits, lower loan rates, and fewer fees.

Irrespective of the amount you have on deposit with HOPE, you are a member and an owner, with equal ownership and one vote. Members are never just numbers; your ownership empowers you and provides a voice.

In addition to member ownership, credit unions offer education and training programs. Fifty-four percent of Americans ages 18 to 34 check their social media accounts daily, while less than one third do a daily check on their financial statements. Credit unions actively focus on creating fiscally responsible members through their wide variety of education programs, which positively impact savings and spending habits for a lifetime.

Member ownership, education and training programs, and concern for the community are key cooperative values that differentiate credit unions from other financial institutions. Our people-first philosophy illustrates an underlying credit union message that will be celebrated this fall. ICU Day’s

theme, “Members Matter Most,” conveys a simple message that strikes home in its ability to communicate our top

2012internationalcreditunionday-biloxi-1-s
Some members even got hugs! (In this case, "Hugs"
are the juice drink.)
priority.

2012internationalcreditunionday-10-18-12-1348 18

2012internationalcreditunionday-biloxi-1-s
Some members even got hugs! (In this case, "Hugs"
are the juice drink.)

HOPE: Eliminating Bank Deserts in the Mid South

BREAKING NEWS: HOPE CEO Bill Bynum has just announced the following commitment that will significantly increase HOPE's impact and serve more residents of the Mid South!!

Hope Credit Union (HOPE) committed to doubling its presence and impact in underserved and distressed Mid-South states. In response to the decline in traditional financial services in low-income communities across the region, HOPE will merge with other credit unions, acquire bank branches, open new branches, and roll out mobile financial services to reach the most underserved households in remote locations. Through these activities HOPE will add 11 new branch locations and increase its membership from 26,000 to 60,000 individuals, providing residents with access to retails products and services, and loans for small businesses, mortgages, and other purposes that stabilize lives and neighborhoods.

Overview (See the press release for more details. Read Bill's blog about the event.)

HOPE will join some of the nation's other leading public, private, and nonprofit organizations this week at Clinton Global Initiative America (CGI America). For more than 18 years, HOPE has worked to close financial service gaps in the Mid South, and the credit union will focus on issues of financial inclusion during the meeting this week in Chicago.

HOPE is in a unique position to leverage its work in strengthening communities, helping individuals build assets, and improving lives in economically distressed areas of the Mid South as part of a plan to eliminate bank deserts and enhance financial inclusion in the region.

HOPE CEO Bill Bynum will make a special announcement during the closing plenary about HOPE’s commitment to significantly increase its impact. You can watch live Friday, June 8, at 4:00 p.m. (CST).

The Region’s Need Is Great

Burdened with some of the highest poverty rates in the nation, individuals, businesses, and communities in the Mid-South have long suffered from a lack of access to traditional financial services.

Fourteen of the nation's poorest 30 counties are located in the Mid South states of Arkansas, Louisiana, Mississippi and Tennessee. This contributes to a disproportionate absence of banking services in the region, a fact that severely limits the economic prospects of its families, businesses and communities.

Since the financial crisis of 2008, matters have only gotten worse. Record numbers of financial institutions have disappeared or merged, and hundreds of bank branches and small credit unions in HOPE’s service area remain at risk of closing.

While bank deserts spread across the nation, the Mid-South continues to have the highest percentage of unbanked and underbanked residents in the in the country. In the absence of traditional financial services, families rely on check-cashers, payday lenders, mortgage brokers, and other high-cost financiers, which limits economic opportunity for the region’s residents. Additionally, many entrepreneurs and business owners cannot access financing to start, stabilize, and grow their companies. These challenges disproportionately affect low-income, rural, and minority communities.

But There Is HOPE

timeline-500Since 1994, HOPE has been working to strengthen communities, build assets, and improve lives across the region.

HOPE is a nonprofit community development financial institution that provides access to affordable, responsibly structured financial services in low-income, economically distressed, and underbanked communities across the Mid-South. These include checking and savings accounts; consumer, payday alternative, mortgage, business, and affordable housing development loans; online, mobile, and telephone banking; and ATM, debit, and credit cards.

A nationally recognized community development financial institution, HOPE has generated over $1.6 billion in financing and directly benefitted more than 120,000 individuals.

HOPE’s 18-year track record of success produces quantifiable, tangible results.

  • Creating more than 11,000 jobs and supporting 4,000 small business owners.
  • Sustaining and strengthening communities through $50 million in infrastructure loans to nonprofits, community facilities, healthcare, childcare, and housing development.
  • Last year more than 50% of HOPE's retail borrowers took advantage of payday loan alternatives and other credit building loan products.
  • Providing homebuyer education, foreclosure mitigation assistance, and other financial counseling to more than 11,000 individuals.
  • Creating opportunities for families to become homeowners and rebuild struggling communities: 83% of HOPE’s mortgages last year were to first-time homebuyers.
  • Providing access to affordable financial services to 120,000 low-income borrowers in distressed communities throughout the region.

HOPE Is The Answer

For Deposit Accounts

HOPE membership is available to everyone in the community, including individuals who are not able to open accounts at traditional financial institutions. HOPE provides them an opportunity to save money on basic banking services, participate more fully in the traditional economy, and begin building assets.

For Consumer Loans

HOPE’s service area has the highest concentration of predatory lenders in the nation. HOPE’s credit-building and payday loan alternative products assist low-income borrowers, the elderly, and other populations that are often targeted by predatory lenders.

For Mortgage Lending

76% of HOPE mortgage borrowers were denied elsewhere, or their only other option was a higher-cost mortgage from a predatory lender.

For Small Business Lending

HOPE provides opportunities for small and medium-sized businesses to start, stabilize and grow. Our lending expertise and use of government guarantee programs enable us to make loans to more viable businesses in markets traditional lenders have abandoned.

For Job Creation

HOPE focuses on lending to businesses that will help create jobs that pay a living wage. Stronger job creation leads to more more prosperous families and more stable communities.

A Giant Leap Forward: $500 Million Expansion into Mid South Bank Deserts

The exodus of traditional banks from vulnerable areas, the frailty of small credit unions, debilitating economic conditions, and the Mid South’s entrenched poverty require that HOPE deepen its reach into bank deserts.

Through mergers, acquisitions, new branches and mobile technology HOPE is working to double its impact in underserved communities.

HOPE needs $20 million in funding to:

  • Add 15 new branches
  • Open new credit union accounts for more than 30,000 individuals
  • Make 13,000 consumer, mortgage and small business loans totaling over $500 million

Be A Friend Of HOPE

The relative absence of substantial institutional and individual wealth in the Mid South requires that HOPE reach outside our region to secure resources for our work.

HOPE needs broad support from across the nation to eliminate bank deserts and create opportunities for families, businesses and communities in the nation's poorest region.

HOPE is gathering a very special group of people – the Friends of HOPE – who will commit to help in two specific ways.

Become a Friend of HOPE by:

  • Investing In Our Work – Your generous financial support enables us to extend HOPE's reach to underserved communities.
  • Being an Advocate – Share the story of HOPE. Connect us to others through personal introductions. Let us know who can help raise awareness and provide support for our efforts to make a difference through HOPE.

Note: (See the press release for more details.)

Subcategories