Ed Sivak is the Executive Vice President of Policy and Communications for Hope Enterprise Corporation/Hope Credit Union (HOPE). In his capacity as EVP, Sivak manages the strategic direction and implementation of HOPE’s public policy activity and all internal and external communication with members, the media, investors and other stakeholders. Over his 16 year career with HOPE, Sivak has managed numerous community development initiatives including a $4.5 million collaborative to support the recovery of over 500 small businesses in post-Katrina New Orleans and a $5 million partnership to expand economic opportunity in the Mississippi Delta. He currently coordinates the Persistent Poverty Working Group, a consortium of CDFIs working in Appalachia, the Mississippi Delta, the U.S. / Mexico border and in Native communities to channel public, private and philanthropic resources into the nation’s most distressed regions. In 2016, the group successfully advocated for the creation of the USDA Community Facilities Re-Lending Program. The program makes available $400 million in low cost capital to finance hospitals, nonprofit and other municipal facilities in persistent poverty areas while leveraging $100 million from the private sector and $24 million from philanthropy.
A recognized community development expert, Sivak has testified numerous times before the Mississippi Legislature on issues affecting low-income residents and provided expert commentary regarding financial inclusion before the Federal Reserve Board and the Consumer Financial Protection Bureau. His work has appeared in national media outlets, including MarketWatch, and state and local publications such as the Clarion Ledger, the Mississippi Business Journal and Mississippi Public Broadcasting. Sivak is currently a member of the Government Affairs Committee for the National Federation of Community Development Credit Unions and the NeighborWorks America Community Initiatives Advisory Committee. He is a former member of the Federal Reserve Board Consumer Advisory Council where he chaired the Community Affairs and Housing Subcommittee. Locally, he serves or has served on the BancorpSouth Community Reinvestment Advisory Committee, the Catholic Charities Poverty Task Force, as a founding board member of One Voice and on the Operation Shoestring Board of Directors.