Transformational Deposits

Strengthen communities. Promote racial and gender equity. Empower generational wealth. HOPE makes it happen, and so can you. A Transformational Deposit makes our mission part of yours.

Transformational Deposits

Strengthen communities. Promote racial and gender equity. Empower generational wealth. HOPE makes it happen, and so can you. A Transformational Deposit makes our mission part of yours.

A socially responsible investment that powers real-life change

Everyone should have access to affordable financial services. But the reality is many don’t, with thousands of individuals forced to turn to check cashers and predatory lenders for their banking needs.

Hope Credit Union (HOPE) has been working tirelessly to change that for our neighbors across the Deep South. Since 1994, we’ve empowered 2.7 million people in some of the most underserved areas of the country with responsibly structured financing they wouldn’t otherwise have been able to access.

But we can’t do it alone. With three out of four HOPE members earning less than $50,000 annually and two out of three with less than $1,000 in their savings, we need your help to bring financial resources into these communities. We rely on capital from outside the region to help people open accounts, support small businesses, and move families into homes.

Your Transformational Deposit is an investment in supporting individuals, families, and neighborhoods that need HOPE most—providing us with the critical funding necessary to serve rural communities facing persistent poverty.

Speak with our team.
Request more information.

Transformational Deposit Contact Form

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Find the right account. Make a great investment.

Find the right account.
Make a great investment.

Share Certificate

Do good and get rewarded with a guaranteed return. Choose from 12-, 24-, 36- or 60-month CD terms—all earnings 0.25% APY* with a low $1,000 minimum to open.

Money Market Account

Give HOPE to others with the flexibility to access your money when you need it, up to six times per month, fee-free. $1,000 minimum to open, earning 0.25% APY*.

Ready to inspire HOPE with a Transformational Deposit of $50,000 or more?
Contact us so our team can process your deposit.

Why Become a Transformational Depositor
at Hope Credit Union?​

Socially Responsible Investing

Your deposit addresses socioeconomic challenges and injustices in the Deep South and empowers individuals and communities with reliable, low-cost economic resources.

Convenient Access

Manage your funds 24/7 with our online digital banking tools, making it easier than ever to support HOPE from anywhere.

Flexible Deposit Options

We offer two flexible account options: Choose a Certificate with terms from 12 to 60 months or open a Money Market to access your funds up to six times per month.

Guaranteed Returns, Federally Insured

Your deposits are federally insured up to $250,000 for total peace of mind—all while providing a guaranteed return on your money with a 0.25% APY.1,2

A Deposit with HOPE Is an Investment in Change

Transformational Deposits make a real difference in the lives of our Deep South neighbors. With your help, we can uplift others, support our communities, and drive positive social change. See the impact your deposit can make.

Promote racial and gender equity

Transformational Deposits allow HOPE to provide equitable, affordable financial services to all our members, of which 81% are people of color and 59% are women.

Bridge gaps in homeownership

HOPE creates homeownership opportunities to promote asset building, generational wealth, and economic mobility. 90% of our mortgages are made to people of color, 94% to first-time homebuyers, and 65% to women.

Support Black- and women-owned businesses

HOPE’s business loans provide financing to underserved populations and communities in the Deep South, with 50% of loans supporting Black- and Women-owned Businesses and 74% made in economically distressed regions.

Establish critical banking infrastructure

We bring necessary financial services to economic deserts: 46% of our members were unbanked or underbanked before HOPE, and 15% of HOPE consumer loans are alternatives to predatory payday loans.

It's Easy to Become a Transformational Depositor

Brighter futures begin with HOPE—and you. It’s simple to join.

Open an account online

Our easy-to-use digital platform makes it easy to open an account online and support HOPE’s mission.

Contact us

For help, questions, or to open an account with over $50,000, HOPE’s Investor Relations team can help.

See How Your Investment Makes an Impact

Frequently Asked Questions

Hope Credit Union serves one of the nation’s most impoverished regions, a place from which wealth has been extracted for generations and where families have limited ability to build savings and other assets. As a result, HOPE’s ability to secure local deposits is limited, and HOPE must import capital into the communities we serve.

When you make a Transformational Deposit, you are making a socially responsible investment, ensuring that the people and places served by HOPE have access to the financial services that provide jobs, housing, healthcare, and other vital needs. Your Transformational Deposit, in the form of a Money Market account or Share Certificate, supports HOPE’s mission to address socioeconomic challenges confronting one of the nation’s most impoverished regions.
Your Transformational Deposit will strengthen communities, empower businesses, and transform the lives of individuals. Read our 2023 Impact Report to see how Transformational Deposits support opportunities for all across the Deep South.
HOPE is a family of development organizations dedicated to strengthening communities, building assets, and improving lives in the Delta and other economically distressed parts of Alabama, Arkansas, Louisiana, Mississippi, and Tennessee.

Comprised of a regional credit union (Hope Credit Union), loan fund (Hope Enterprise Corporation), and policy center (Hope Policy Institute), HOPE has provided financial services, leveraged private and public resources, and shaped policies that have benefited more than 2 million residents in one of the nation’s most persistently poor regions since 1994.
Hope Credit Union is a nonprofit financial cooperative owned by its members. A credit union generally offers its members lower rates on loans, in addition to fewer and lower fees. Credit unions work together through shared branching networks.

Banks differ in that they are either privately owned or publicly traded and compete with credit unions and each other.
Hope Credit Union is federally regulated; therefore, deposits are insured through the National Credit Union Administration (NCUA) up to $250,000. This is similar to FDIC insurance, which covers banks.
You can open a Transformational Share Certificate or Money Market account with a minimum of $1,000.

If you live in the five states we serve (Alabama, Arkansas, Louisiana, Mississippi, or Tennessee), you can also access other deposit account types with lower minimum balances.
Yes, anyone can open a Transformational Deposit account with $1,000 or more, regardless of where you live.
Money Market accounts and Share Certificates are two ways to make a Transformational Deposit at HOPE.

A Money Market account earns interest like a savings account and allows for check writing abilities like a checking account. At HOPE, a member with a Money Market account may make six outgoing monthly transactions, like withdrawals and transfers.

A Share Certificate is a timed deposit account, like a Certificate of Deposit (CD) at a bank. When opening a Share Certificate, you can choose from a 12-, 24-, 36-, or 60-month term. Your deposit is held for that term, during which you cannot make withdrawals or deposits without incurring a penalty fee.
It’s easy to open a Transformational Deposit account at HOPE:
  • Depositors investing between $1,000 and $50,000 can open their account online. Open yours now.
  • Depositors investing more than $50,000 can open their account with our Investor Relations Team. Contact us.
Have additional questions about opening an account? Contact us at Investor.Relations@hope-ec.org or 1-877-654-4673 (HOPE).
You can access your funds easily with HOPE’s free online and mobile banking services. For additional help accessing funds, contact us at Investor.Relations@hope-ec.org or 1-877-654-4673 (HOPE).
At maturity, your HOPE Transformational Share Certificate automatically renews to the current Transformational Deposit rate. Contact us to discuss your renewal options.
If you need to withdraw funds before your Share Certificate’s maturity, you may do so by contacting an Investor Relations representative at 1-877-654-4673 (HOPE) or emailing Investor.Relations@hope-ec.org. A penalty fee applies for early withdrawals.

Find a Hope Credit Union Branch Near You

Arba Street Branch

400 Arba Street
Montgomery, AL 36104
P: 334-834-7483
F: 334-834-2803

McGehee Road Branch

3421 McGehee Road
Montgomery, AL 36111
P: 334-604-4110
F: 334-604-4111

College Station Branch

4000 Gray Street, Suite B
College Station, AR 72053
P: 501-490-0646
F: 501-490-0424

Little Rock Branch

8411 I-30
Little Rock, AR 72209
P: 501-562-1060
F: 501-562-1027

Little Rock Mortgage Office

6917 Geyer Springs Road,
Suite #6N
Little Rock, AR 72209
P: 501-400-6784

West Memphis Branch

1114 Missouri Street
West Memphis, AR 72301
P: 870-735-8398
F: 870-732-5447

Central City Branch

1726 O. C. Haley Blvd.
New Orleans, LA 70113
P: 504-527-0688
F: 504-527-0691

Elysian Fields Branch

1635 Elysian Fields Avenue
New Orleans, LA 70117
P: 504-635-4475

Mississippi Coast Branch

188 Porter Avenue
Biloxi, MS 39530
P: 228-374-1554
F: 228-374-3387

Drew Branch

140 West Shaw Avenue
Drew, MS 38737
P: 662-745-0406

Greenville Branch

546 MLK Boulevard North
Greenville, MS 38701
P: 662-378-5744

Itta Bena Branch

120 Humphrey Street
Itta Bena, MS 38941
P: 662-254-0040
F: 662-254-0054

Medical Mall Branch

350 Woodrow Wilson, Suite 370B
Jackson, MS 39213
P: 601-362-8050
F: 601-713-0975

University Boulevard Branch

1748 University Boulevard
Jackson, MS 39204
P: 601-965-7100
F: 601-961-6780

Louisville Branch

16620 Main Street
Louisville, MS 39339
P: 662-773-3550
F: 662-773-3614

Moorhead Branch

917 West Delta Avenue
Moorhead, MS 38761
P: 662-246-8855
F: 662-246-8005

Shaw Branch

134 East Peeler Avenue
Shaw, MS 38773
P: 662-754-2070

Terry, MS Branch

109 West Cunningham Street
Terry, MS 39170
P: 601-878-0773
F: 601-878-9468

Utica Branch

106 East Main Street
Utica, MS 39175
P: 601-991-3336
F: 601-885-2137

West Point Branch

470 Commerce Street
West Point, MS 39773-7993
P: 662-494-7473
F: 662-494-6886

Crosstown Branch

1350 Concourse Avenue, Suite 115
Memphis, TN 38104
P: 901-354-7500
F: 901-354-7501

Harvester Lane Branch

3048 Harvester Lane
Memphis, TN 38127
P: 901-358-4496
F: 901-358-4518

Madison Avenue Branch

1451 Madison Avenue
Memphis, TN 38104
P: 901-721-8124
F: 901-721-8133

Ridgeway Branch

2923 Ridgeway Road
Memphis, TN 38115
P: 901-795-8980
F: 901-794-1872

Request more information.

Transformational Deposit Contact Form

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Disclosures

1APY is the Annual Percentage Yield. Rates are subject to change. Rates effective as of 10/2/23. Fees could reduce earnings.

2Early withdrawal penalties apply to all share certificate accounts.

3Variable-rate account; rates may change after the account is opened.