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.
“We are now applying the experience gained in the Delta to under-served rural and urban communities across the Mid South, as well as other areas of need, such as those affected by Hurricane Katrina and the BP oil spill,” said HOPE CEO Bill Bynum.
Established by civic, business and community leaders in 1994 to provide financing and technical assistance to businesses in 55 counties and parishes in the Delta region of Arkansas, Louisiana, and Mississippi, the nonprofit organization now serves residents throughout these entire states, and in western Tennessee.
Over the years, HOPE has added an array of services aimed at strengthening communities, building assets, and improving lives in economically distressed areas. The organization is now involved in affordable housing development, home mortgages, financial counseling, consumer financial services, houses a policy center and provides project management for a range of development initiatives.
HOPE says that since 1994 it has generated more than $1.4 billion in financing for entrepreneurs, homebuyers, and community development projects and directly benefited more than 75,000 individuals.
In 2000, the Enterprise Corporation of the Delta began working closely with the $400,000, 1,000-member Hope Community Credit Union, ultimately becoming the credit union’s primary sponsor with the intent of enhancing the overlapping mission of both organizations. Today, Hope Federal Credit Union has about $137 million in assets and 27,000 members.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info