The 25,000-member Hope Community Credit Union in Jackson, Miss., is working with residents and officials in two Mississippi towns to help them retain access to banking services.
Bank branches in Utica and Edwards will close at the end of August and a coalition of community residents and leaders has approached Hope about the credit union moving in to provide affordable banking services, the CU said.
“According to the FDIC, a higher percentage of Mississippians are unbanked and underbanked than in other than in most other states,” said Hope CEO Bill Bynum.
“Everyone wants to live in a nice neighborhood, a good education for their kids, and a job that pays decent wages. Affordable and responsible financial services are key elements that help make these things possible,” Bynum said. “At Hope, we strive to make sure that people have access to these vital tools regardless of where they live.”
Hope has set up a temporary location in Utica to open accounts and will put a modular branch in place while the CU and the town finalize plans for a more permanent branch.
A meeting has been scheduled in Edwards for Aug. 22 to discuss establishing a Hope branch in that community, the $136 million CU said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
