NBC News is featuring a series of articles called “In Plain Sight: Poverty in America”. It investigates the realities of what it means to be poor in the United States. The stories told and the issues raised are certainly familiar to HOPE; our mission is to help low-income families and economically distressed communities find solutions to the challenges faced by so many individuals, businesses, and neighborhoods across the Mid South.
This article by David Morrison appeared in Credit Union Times on March 20, 2013.
When it comes to underwriting consumer loans, some community development credit unions have found success by looking at other factors besides credit scores.
This story by Ronni Mott appears in the Jackson Free Press. It quotes HOPE CEO Bill Bynum as he offers perspective on what the study means for creating opportunity and prosperity in the Mid South.
Black families in America have never reached the levels of wealth that American whites enjoy, a new report from Brandeis University finds. African Americans started at a distinct disadvantage, and the equality gap grows wider every year.
From the February 20, 2013 issue of Credit Union Times Magazine
By David Morrison
William Bynum, CEO of the 28,000 member, $161 million Hope Federal Credit Union, believes the Jackson, Miss.-based credit union’s new mobile app is the first step in what he and the credit union foresee as an effort to make widespread banking and financial management solutions available to lower income people throughout the Mississippi Delta.
A recent article from NBC News highlights the benefits of opening a Kasasa account. It also notes that 29 institutions across the country are paying more than 3.00% on this free checking account. And guess what: HOPE is one of them!