Transformational Deposits
Transformational Deposits
An impact investment empowering life-changing economic opportunities across the Deep South.
Share Certificate of Deposit
0.10% APY*1,2
Money Market Account
0.10% APY1,3
Share Certificate of Deposit
0.10%
APY*1,2
Money Market
Account
0.10%
APY1,3
Strengthen the Financial Health and Wealth of Families in the Deep South through a HOPE Transformational Deposit
Strengthen communities, build assets,
and transform the lives of others
Be a catalyst for good by making a Transformational Deposit at Hope Credit Union. At HOPE, not only are your funds federally-insured up to $250,000; but they empower families and communities by fueling homeownership and entrepreneurship; combating predatory lending; supporting facilities that improve education and health outcomes; improving climate resiliency; and by otherwise building opportunity ladders in one of the nation’s most economically distressed regions.
with as little as $1,000.
Investor Relations team
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Find the Right Investment for You
Share Certificate
Do good and get rewarded with a guaranteed return. Choose from 12-, 24-, 36- or 60-month CD terms – all earning 0.25% APY* with a low $1,000 minimum to open.
Money Market Account
Give HOPE to others with the flexibility to access your money when you need it, up to six times per month, fee-free. $1,000 minimum to open, earning 0.25% APY*.
Ready to inspire HOPE with a Transformational Deposit of $50,000 or more?
Contact us so our team can process your deposit.
Transform Lives with HOPE.
It’s Easy to Become a Transformational Depositor
Brighter futures begin with HOPE—and you. Open an account today.
Apply online
Contact us
For questions or to open an account with over $50,000, HOPE’s Investor Relations team can help.
Why Become a Transformational Depositor
at Hope Credit Union?
Socially responsible investing
Flexible deposit options
Empower opportunities for all
Guaranteed returns, federally insured
Your deposits are federally insured up to $250,000 for total peace of mind—all while providing a guaranteed return on your money
with a 0.25% APY 1,2
The Impact of Transformational Deposits at HOPE
Since 1994, HOPE has generated over $3.6 billion in financing to benefit more than 2 million people across the Deep South.
Promote racial and gender equity
Empower more homeowners
Support minority-owned businesses
Establish critical banking infrastructure
See How Your Investment Makes An Impact
Support from Other Transformational Depositors
Making a Transformational Deposit at HOPE enables our members to live their best lives.
See why others are supporting our work.
Frequently Asked Questions
What is a Transformational Deposit at HOPE?
When you make a Transformational Deposit, you are making a socially responsible investment, ensuring that the people and places served by HOPE have access to the financial services that provide jobs, housing, healthcare, and other vital needs. Your Transformational Deposit, in the form of a Money Market account or Share Certificate, supports HOPE’s mission to address socioeconomic challenges confronting one of the nation’s most impoverished regions.
How is my Transformational Deposit used?
How does HOPE help individuals, communities, and business owners in the Deep South?
Comprised of a regional credit union (Hope Credit Union), loan fund (Hope Enterprise Corporation), and policy center (Hope Policy Institute), HOPE has provided financial services, leveraged private and public resources, and shaped policies that have benefited more than 2 million residents in one of the nation’s most persistently poor regions since 1994.
How does Hope Credit Union differ from a bank?
Banks differ in that they are either privately owned or publicly traded and compete with credit unions and each other.
Are my deposits at Hope Credit Union insured?
What is the minimum amount for a Transformational Deposit?
If you live in the five states we serve (Alabama, Arkansas, Louisiana, Mississippi, or Tennessee), you can also access other deposit account types with lower minimum balances.
Can I make a Transformational Deposit even if I don’t live in the states HOPE serves?
What is the difference between a Transformational Deposit Money Market account and a Transformational Deposit Share Certificate?
A Money Market account earns interest like a savings account and allows for check writing abilities like a checking account. At HOPE, a member with a Money Market account may make six outgoing monthly transactions, like withdrawals and transfers.
A Share Certificate is a timed deposit account, like a Certificate of Deposit (CD) at a bank. When opening a Share Certificate, you can choose from a 12-, 24-, 36-, or 60-month term. Your deposit is held for that term, during which you cannot make withdrawals or deposits without incurring a penalty fee.
How do I open a Transformational Deposit?
- Depositors investing between $1,000 and $50,000 can open their account online. Open yours now.
- Depositors investing more than $50,000 can open their account with our Investor Relations Team. Contact us.
How will I be able to access my funds if I don’t live near a HOPE branch?
What happens when my Transformational Deposit Share Certificate reaches maturity?
What if I need to withdraw my Transformational Deposit Share Certificate before maturity?
Find a Hope Credit Union Branch Near You
Alabama
Arba Street Branch
400 Arba Street
Montgomery, AL 36104
P: 334-834-7483
F: 334-834-2803
McGehee Road Branch
3421 McGehee Road
Montgomery, AL 36111
P: 334-604-4110
F: 334-604-4111
Arkansas
College Station Branch
4000 Gray Street, Suite B
College Station, AR 72053
P: 501-490-0646
F: 501-490-0424
Little Rock Branch
8411 I-30
Little Rock, AR 72209
P: 501-562-1060
F: 501-562-1027
West Memphis Branch
1114 Missouri Street
West Memphis, AR 72301
P: 870-735-8398
F: 870-732-5447
Louisiana
Central City Branch
1726 O. C. Haley Blvd.
New Orleans, LA 70113
P: 504-527-0688
F: 504-527-0691
Elysian Fields Branch
1635 Elysian Fields Avenue
New Orleans, LA 70117
P: 504-635-4475
Mississippi
Mississippi Coast Branch
188 Porter Avenue
Biloxi, MS 39530
P: 228-374-1554
F: 228-374-3387
Drew Branch
140 West Shaw Avenue
Drew, MS 38737
P: 662-745-0406
Greenville Branch
546 MLK Boulevard North
Greenville, MS 38701
P: 662-378-5744
Itta Bena Branch
120 Humphrey Street
Itta Bena, MS 38941
P: 662-254-0040
F: 662-254-0054
Medical Mall Branch
350 Woodrow Wilson, Suite 370B
Jackson, MS 39213
P: 601-362-8050
F: 601-713-0975
University Boulevard Branch
1748 University Boulevard
Jackson, MS 39204
P: 601-965-7100
F: 601-961-6780
Louisville Branch
16620 Main Street
Louisville, MS 39339
P: 662-773-3550
F: 662-773-3614
Moorhead Branch
917 West Delta Avenue
Moorhead, MS 38761
P: 662-246-8855
F: 662-246-8005
Shaw Branch
134 East Peeler Avenue
Shaw, MS 38773
P: 662-754-2070
Terry, MS Branch
109 West Cunningham Street
Terry, MS 39170
P: 601-878-0773
F: 601-878-9468
Utica Branch
106 East Main Street
Utica, MS 39175
P: 601-991-3336
F: 601-885-2137
West Point Branch
470 Commerce Street
West Point, MS 39773-7993
P: 662-494-7473
F: 662-494-6886
Tennessee
Crosstown Branch
1350 Concourse Avenue, Suite 115
Memphis, TN 38104
P: 901-354-7500
F: 901-354-7501
Harvester Lane Branch
3048 Harvester Lane
Memphis, TN 38127
P: 901-358-4496
F: 901-358-4518
Madison Avenue Branch
1451 Madison Avenue
Memphis, TN 38104
P: 901-721-8124
F: 901-721-8133
Ridgeway Branch
2923 Ridgeway Road
Memphis, TN 38115
P: 901-795-8980
F: 901-794-1872
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Disclaimers
1APY” is “Annual Percentage Yield”. Rates are subject to change. Rates effective as of 10/2/23. Fees could reduce earnings.
2Early withdrawal penalties apply to all share certificate accounts.
3Variable-rate account; rates may change after the account is opened.