Merger with Tri-Rivers Credit Union Brings HOPE to Alabama

MONTGOMERY, AL – Hope Federal Credit Union (HOPE), one of the nation’s leading community development financial institutions, has taken a major step to expand its work in the Deep South by merging with Tri-Rivers Federal Credit Union in Montgomery, Alabama.

The partnership with Tri-Rivers, established more than a half-century ago as the Montgomery Teachers Credit Union, paves the way for HOPE to begin offering a comprehensive menu of community strengthening financial services to families and communities across Alabama.

“We are very excited about building on the strong foundation established by Tri-Rivers to help ensure that all Alabama residents have the opportunity to improve their lives, support their families and strengthen their communities,” said HOPE CEO Bill Bynum.

“We look forward to the merger with HOPE because it will create additional opportunities to build deeper relationships with the school system, area businesses and organizations,” said Tri-Rivers CEO James Dill, who will serve as manager of the new HOPE-Montgomery branch. “Our membership also will continue to have an institution that puts their needs first.”

With the Tri-Rivers merger, HOPE now serves approximately 40,000 households from 29 locations in Alabama, Arkansas, Louisiana, Mississippi and Tennessee.

“For more than two decades we have helped people across the South support families, become homeowners, start and grow businesses, and strengthen critical infrastructure like affordable housing, schools, healthcare facilities and healthy food retailers,” Bynum said. “We look forward to continuing this work in collaboration with people and communities across Alabama.”