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Hope Federal Credit Union


Overview / Commentary
hopecu.org
861-321-4673
4 Old River Pl
Jackson, MS 39202

Hope Federal Credit Union is headquartered in Jackson and is the 2nd largest credit union in the state of Mississippi. It is also the 649th largest credit union in the nation. It was established in 1995 and as of June of 2024, it had grown to 209 employees and 40,000 members at 26 locations. Hope Federal Credit Union's money market rates are 5X the national average, but it has a F health rating.

Field of Membership Restrictions

Membership in Hope Federal Credit Union is open to anyone in the United States who is planning on opening certain accounts (HOPE Saver, Club, or Certificates). Other accounts are limited to residents of Alabama, Arkansas, Louisiana, Mississippi, and Tennessee. (Membership requirements are listed in the credit union's online application)
See current membership details

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Health
F

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #24829
Year Chartered1995
Employees209
Primary Regulator
Profit Margin
Return on Assets - YTD0.04%
Return on Equity - YTD0%
Annual Interest Income$13.1MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$620.3MM$540.6MM
LoansQ2 2024vs Q2 2023$358MM$285.1MM
DepositsQ2 2024vs Q2 2023$429.8MM$358.2MM
Equity CapitalQ2 2024vs Q2 2023($5,652,000)($8,227,000)
Loan Loss AllowanceQ2 2024vs Q2 2023$8.1MM$7.2MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$18.3MM$9.6MM
Real Estate OwnedQ2 2024vs Q2 2023$1.2MM$1.2MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Hope Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Hope Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.22%$0-Nonprofit Bonus Rate Savings Account
1.51%*$10k*-HOPE Rewards Savings Plus Account
OTHER TIERS: 1.00% → $0 - $10k
0.25%$100-Share Account
0.25%$0-IRA Savings

Hope Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.22%$100k-Jumbo Money Market Account
0.25%$1k-Non-Jumbo Money Market Account
0.25%$1k-Transformational Deposits Money Market Account

Hope Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.13%*$0$10kHOPE Rewards Checking
OTHER TIERS: 0.50% → $10k+
5.13%*$0$10kHOPE Rewards Checking Plus
OTHER TIERS: 0.50% → $10k+

Hope Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.04%$1k-12 Month CD
3.04%$95k-12 Month Jumbo CD
1.78%$1k-24 Month CD
1.78%$95k-24 Month Jumbo CD
1.70%$1k-36 Month CD
1.70%$95k-36 Month Jumbo CD
1.65%$1k-60 Month CD
1.65%$95k-60 Month Jumbo CD
0.75%$1k-6 Month CD
0.75%$95k-6 Month Jumbo CD
0.25%$1k$95kTransformational Deposits 12 Month CD
0.25%$1k$95kTransformational Deposits 24 Month CD
0.25%$1k$95kTransformational Deposits 36 Month CD
0.25%$1k$95kTransformational Deposits 60 Month CD

Hope Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.78%$500-18 Month IRA Certificate
1.65%$500-60 Month IRA Certificate
Locations

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