Commitment to Action

Eliminating Bank Deserts in the Mid-South

Commitment by

Hope Credit Union

In 2012, Hope Credit Union (HOPE) committed to doubling its presence and impact in underserved and distressed Mid-South states. In response to the decline in traditional financial services in low-income communities across the region, HOPE will merge with other credit unions, acquire bank branches, open new branches, and roll out mobile financial services to reach the most underserved households in remote locations. Through these activities HOPE will add 11 new branch locations and increase its membership from 26,000 to 51,000 individuals, providing residents with access to retails products and services, and loans for small businesses, mortgages, and other purposes that stabilize lives and neighborhoods.

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Overview
Summary

Commitment

Eliminating Bank Deserts in the Mid-South

Launched

2012

Est. Duration

5 years

Estimated Total Value

$37,000,000

Region

Northern America

Countries

United States

Commitment by

Hope Credit Union

Partner(s) of the Commitment Maker(s)

University of Arkansas at Pine Bluff, Circle Foods Grocery, Rainbow Food Cooperative, Hinds Community College