Hope participating in Treasury program
by Wally Northway
Published: September 20,2010
Tags: banking and finance, community development, credit unions, financing
JACKSON — Hope Federal Credit Union has closed a $4.52-million secondary capital investment through the Treasury Department’s Community Development Capital Initiative.
According to Hope, it is one of the first credit unions to participate in this program, and will use the funds to increase financing to small businesses and home owners and promote development in economically distressed communities across the Mid South.
“By investing in credit unions and other community development financial institutions, Treasury is supporting a key segment of the nation’s finance sector,” said Bill Bynum, Hope CEO.
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