New Hope Credit Union Branch Now Open at Crosstown Concourse in Memphis, TN

JACKSON, MS – Hope Credit Union (HOPE), joined by community partners, credit union members and other supporters, held a ribbon-cutting ceremony on Thursday, June 14, for its new branch at Crosstown Concourse in Memphis, Tenn.

The new branch is the fifth location in Greater Memphis for HOPE, winner of the 2018 Wall Street Journal Financial Inclusion Challenge. The new branch allows HOPE to expand its ability to provide access to critical financial tools in underserved communities. 

“The new branch builds on HOPE’s work in Memphis, where we not only create ladders of opportunities for families, but have made deep investments in the community by financing new schools and small businesses,” said HOPE CEO Bill Bynum. “HOPE goes into a community with the intention of not only improving conditions, but also to empower the families that live there. We work to ensure people have access to one of the most important relationships necessary for economic mobility.”

It is for this work that HOPE was selected winner of the WSJ Financial Inclusion Challenge, which focused this year on issues that low and moderate income Americans face in managing their personal finances and financial health.

 Tonja Sesley-Baymon, president and CEO of the Memphis Urban League, said during the ribbon-cutting ceremony that she was impressed with HOPE’s work to address predatory lending.

“When you look at areas of poverty, you often find that individuals in those areas are the ones who are targeted,” Sesley-Baymon said.  “Because HOPE is in our community, we can eliminate a lot of the high-interest rates and a lot of the predatory practices.”