Hope Federal Credit Union is headquartered in Jackson and is the 2nd largest credit union in the state of Mississippi. It is also the 610th largest credit union in the nation. It was established in 1995 and as of March of 2025, it had grown to 231 employees and 39,924 members at 26 locations. Hope Federal Credit Union has a D health rating.
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
Overall | |
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NCUA # | 24829 |
Year Chartered | 1995 |
Employees | 231 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.03% |
Return on Equity - YTD | 0% |
Annual Interest Income | $8.1MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $700.2MM$616.1MM |
Loans | Q1 2025vs Q1 2024 | $453.5MM$329.1MM |
Deposits | Q1 2025vs Q1 2024 | $476.6MM$430.5MM |
Equity Capital | Q1 2025vs Q1 2024 | ($1,427,000)($6,463,000) |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $8.3MM$7.5MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $11.6MM$9.8MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $704K$1.5MM |
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