Overview / Commentary
Hope Federal Credit Union is headquartered in Jackson and is the 2nd largest credit union in the state of Mississippi. It is also the 612th largest credit union in the nation. It was established in 1995 and as of December of 2024, it had grown to 223 employees and 39,544 members at 26 locations. Hope Federal Credit Union 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
Health
F
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24829 |
| Year Chartered | 1995 |
| Employees | 223 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.04% |
| Return on Equity - YTD | 0% |
| Annual Interest Income | $28.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $682.8MM$579.2MM |
| Loans | Q4 2024vs Q4 2023 | $426.9MM$311MM |
| Deposits | Q4 2024vs Q4 2023 | $457.5MM$391.2MM |
| Equity Capital | Q4 2024vs Q4 2023 | ($3,902,000)($5,385,000) |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $8.5MM$7.7MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $20MM$17.7MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $666K$944K |
