Hope FCU Gets $4.5 Million Capital Investment From Treasury

Register now

JACKSON, Miss. – Hope FCU has received a $4.52-million secondary capital investment through the Treasury Department’s Community Development Capital Initiative.

The $130 million credit union will use the funds to increase financing to small businesses and home owners and promote development in economically distressed communities across the mid -South.

Hope, which converted to a federal charter last month, is one of the first credit unions to participate in this program.

For reprint and licensing requests for this article, click here.