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 [...] [...]
Editor, I am writing in response to your Feb. 22 article (“Bye-bye Banks? Credit Unions Are the Hot Thing”) that contends that credit unions offer consumers a distinct advantage over banks. This article does not contain any comment from the banking industry. I write on behalf of Mississippi’s banks to provide important facts (not included [...] [...]
Credit unions offer enticing credit card and mortgage terms and can charge less than banks on unsecured loans The story has been repeated countless times across the country during the past few months when the economy has been less than robust. People floundering financially and handcuffed by credit problems, they search for a solution to [...] [...]
The first two quarters have not been the best of times for Mississippi banks, with a lot of them posting substantial losses. It’s a local symptom of a national trend that has seen dozens of banks across the nation fail outright as the recession tightens its grip on financial institutions. One sector of the financial [...] [...]
JACKSON — While Hope Community Credit Union (HOPE) and American Savings Credit Union (ASCU) officially merged Jan. 1, 2009, today all ASCU branches in Arkansas, Mississippi and Tennessee will convert their signage to the HOPE name and logo. The two entities said the merger formed a larger, stronger community development financial institution that serves working [...] [...]
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