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Tag Archives: Bill Bynum

Opportunity Finance Network recognizes 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 ...

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Bynum picked by Bureau

The Consumer Financial Protection Bureau (CFPB) has named Bill Bynum, CEO of HOPE (Hope Enterprise Corporation/Hope Credit Union) as vice chairman of the federal agency’s inaugural Consumer Advisory Board. Bynum will bring nearly three decades of experience in community development finance to the task of advising the agency in its efforts to help consumer finance markets work. Bynum is the ...

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HOPE lands $1.5 million to boost recovery in distressed parts of Mid South

HOPE (Hope Enterprise Corporation/Hope Credit Union) has received a $1.5 million grant from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund to help spur economic growth and recovery in Mississippi and elsewhere across the Mid South. The money from the Community Development Financial Institutions Program also will be used to expand access to affordable financial products ...

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CDFIs can be ‘game changers’ here, Hope Enterprise CEO says

The acronyms can be a bit dizzying but the Treasury Department’s Community Development Financial Institution Fund, or CDFI, and its off-shoots are having an increasing impact in Mississippi. The initiatives the CDFI sponsors have opened the door to leveraging tens of millions of dollars for investment in the state’s economically distressed localities. Mississippi had 10 CDFIs in August 2009. Today, ...

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Enterprise Corp. of Delta adopts ‘HOPE’ as new name

JACKSON — Enterprise Corporation of the Delta has changed its name to Hope Enterprise Corporation to better reflect the business and community development organization’s geographic expansion into distressed areas beyond the Delta. The change also reflects the organization’s sponsorship of Hope Credit Union, one of the country’s largest community development credit unions. Collectively, the organizations will be branded as HOPE. ...

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There are options for those with poor credit

Mississippi businesses and consumers who struggle to gain credit can turn to nearly a dozen lenders in the state that have received more than $250 million in low-cost capital from the Treasury Department under the Troubled Asset Relief Program, or TARP. Mississippi’s financial institutions led the nation in total funding from TARP’s Community Development Capital Initiative, pulling in slightly more ...

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