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Opportunity Finance Network recognizes Bill Bynum

Bill Bynum

Bill Bynum

Opportunity Finance Network (OFN) has chosen Bill Bynum, CEO of Hope Enterprise Corporation/Hope Credit Union (HOPE), as the recipient of the 2014 Ned Gramlich Award for Responsible Finance. It is OFN’s highest individual honor. Bynum founded HOPE to provide access to credit and promote financial inclusion among the underbanked in the mid-South. From 2002-2013, he chaired the Treasury Department’s Community Development Advisory Board (CDAB). He has won numerous awards, including the distinguished John P. McNulty Prize and he sits on several Boards, including the NAACP Legal Defense Fund and William Winter Institute for Racial Reconciliation. In July 2014, Bynum was invited to testify before the Joint Economic Committee of the United States Congress at a hearing titled “Increasing Economic Opportunity within the African American Community: Local Initiatives that Work.”

Prior to joining HOPE, Bynum was director of programs of NC Rural Economic Development Center. Before that, he was associate director of Self-Help. While there he was also a principal organizer of Self-Help Credit Union, the country’s first statewide development bank.

Bynum holds an undergraduate degree in political science/psychology from the University of North Carolina at Chapel Hill, and studied strategic perspectives in nonprofit management at Harvard Business School. He lives in Madison.

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