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HOPE Federal Credit Union opening for business in Greenville

HOPE Federal Credit Union, an arm of non-profit Hope Enterprise Corp., will cut the ribbon at 10:30 a.m. Tuesday on its full service location in Greenville.

HOPE Federal has had a limited operation in Greenville for 20 years. The location at 546 Martin Luther King Jr. Blvd. will expand those offerings, giving members access to checking accounts, loans and mortgages and information of credit repair.

Greenville will be HOPE Federal’s 23rd location, which includes locations in grocery stores and retail kiosks. HOPE  had seven locations in 2008. It has grown its assets to $200 million and membership to 31,000 spread across Mississippi, Arkansas, Tennessee and Louisiana.

A major focus of HOPE is providing financial services to distressed communities and halting the spread of banking deserts, where huge parts of the population have little or no access to financial services. That mission is reflected in the credit union’s mortgage business, where 90 percent of mortgages have gone to first-time home-buyers, CEO Bill Bynum said in a recent interview.

The Greenville location had a soft opening a few months ago.

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