Hope Credit Union Memphis TN | Best Auto Loans & Business Banking

Introduction

Welcome to Hope Credit Union, located at 1451 Madison Ave, Memphis, TN 38104. Since our establishment in 1995, we have been dedicated to serving our community with a strong focus on building relationships and fostering financial growth. With over 41,000 members, we take pride in offering personalized services that cater to the diverse needs of our community. At Hope, your financial well-being is our priority. Our total assets amount to an impressive $653,829,372, providing us with the stability and resources to support you effectively. We understand that every member's journey is unique; therefore, we offer a range of products including auto loans, mortgages, personal loans, and business financing options. Currently, we have issued 8,957 loans, totaling nearly $895 million, reflecting our commitment to helping you achieve your financial goals. Our leadership team is here for you. Under the guidance of CEO William Bynum and Board President Carolyn Gill-Jefferson, we strive to create a welcoming environment where members feel valued and supported. Together with our dedicated staff of 246 employees, we are proud to serve you with excellence. While members can visit us at our physical branch on Madison Avenue, official correspondence should be sent to the same address for your convenience. You can reach us easily at (901) 721-8124 or explore more about our services on our website https://hopecu.org . Join us at Hope Credit Union where your financial dreams can become reality! We invite you to stop by or give us a call we're excited to partner with you on your financial journey!

Branch History & Mission

Community Impact

Hope is not just about numbers; it's about people. We actively engage in community outreach initiatives that focus on education and financial literacy. We strive to make a positive impact through partnerships with local organizations, helping us give back in meaningful ways. We are proud to offer shared service center access for members of partner credit unions, ensuring that everyone has the opportunity to benefit from our services. Additionally, our commitment to accessibility includes ADA-compliant facilities and digital advancements like electronic signatures and mobile payments.

Join Us

As we continue to grow and adapt to the changing needs of our members, we invite you to be part of this journey. Experience firsthand the benefits of becoming a member at Hope. Whether you're looking for personal banking solutions or seeking guidance on your financial path, we're here for you. For any correspondence, please reach out to us at our mailing address: 1451 Madison Ave, Memphis, TN 38104. You can also contact us at 901-721-8124 during our operating hours: Monday through Thursday from 9:00 AM to 4:30 PM and Friday from 9:00 AM to 5:00 PM. Join Hope today together we can build a stronger financial future! Visit us at hopecu.org for more information.

Our Journey

From our humble beginnings, we have evolved significantly. With total assets now exceeding $653 million, we've expanded our services and reach to meet the needs of our diverse membership. Our location in Memphis is more than just a branch; it's a hub for personal banking solutions including checking and savings accounts, auto loans, mortgages, and business banking services. We also offer online and mobile banking options for added convenience. Our mission is clear: to provide exceptional financial services while supporting the communities we serve. We believe in fostering relationships that help individuals achieve their financial goals. Our team works tirelessly to ensure that every member feels valued and empowered.

Branch Location & Accessibility

Accessibility Features

Our branch is designed with your convenience in mind. We offer ample parking for all our visitors, including accessible spaces for those who need them. The building complies with ADA standards, ensuring everyone can easily navigate the space.

Operating Hours

We're here for you during convenient hours: Monday through Thursday from 9:00 AM to 4:30 PM and Friday from 9:00 AM to 5:00 PM. Whether you prefer visiting us in person or reaching out by phone at 901-721-8124, we are always ready to assist you.

Services Offered

At Hope Credit Union, we pride ourselves on offering a wide range of services tailored to meet your financial needs. From checking and savings accounts to auto loans and mortgage refinancing, our friendly staff is equipped to help you with everything. Plus, enjoy the ease of drive-thru banking for quick deposits and withdrawals. If you're a member of a partner credit union, take advantage of our shared service center for transactions as well. Additionally, we provide ATM access right here at our location, so you can get cash or check your balance anytime during our operating hours. Ready to explore what we can do for you? Come visit us today at our Madison Ave branch or give us a call! We're excited to serve you and help you achieve your financial goals.

Member Eligibility

At Hope, we believe that everyone deserves a place in our supportive community. If you're looking to become a member, you'll be glad to know that eligibility is open to a wide range of individuals who share our values and goals. Whether you live, work, or worship in the area, or have family members who are already part of our credit union, you may qualify for membership. We want to make this process as welcoming as possible because becoming a member means gaining access to tailored financial services designed with your needs in mind. Joining us is simple! You can start by visiting us at 1451 Madison Ave Memphis Tn 38104 or give us a call at (901) 721-8124 for more details. If you'd like to dive deeper into the specific eligibility criteria, feel free to check out our resource page at . Once you're ready, opening an account is just as easy we're here to guide you through every step!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $129 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $62 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $116,685,129, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

Imagine having a reliable partner that simplifies payment processing for your business. Our merchant services help you accept payments quickly and securely, allowing you to focus on what you do best running your business. From card transactions to mobile payments, we provide the tools that keep your cash flow steady. Located conveniently at 1451 Madison Ave Memphis Tn 38104 in Memphis, TN, we invite you to explore how our tailored business banking solutions can elevate your operations. Call us at (901) 721-8124 to learn more about how we can assist you!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're in the market for a new vehicle, look no further than our auto loans and vehicle financing options. We aim to make the car-buying process easier with competitive rates and flexible terms. Picture driving away in your dream car with financing that fits comfortably within your budget.

Business Banking

For entrepreneurs and business owners, our business banking services include merchant services and business loans designed to support growth and success. We understand that running a business comes with unique challenges, so let us help you navigate them smoothly.

Convenient Access & ATM Services

At Hope, we prioritize convenience. Our branch features drive-thru banking for quick deposits or withdrawals without leaving your car. Plus, with ATM access available for withdrawals and balance checks, managing cash flow has never been easier.

Credit Cards with Rewards

We also offer credit cards with rewards that can enhance your spending power while providing benefits like cashback or travel points. It's a great way to earn rewards on things you already buy!

Mortgage Loans & Refinancing

Homeownership is a significant milestone for many people, and our mortgage loans and refinancing services are here to help you achieve that goal. Whether you're purchasing your first home or looking to lower your monthly payments through refinancing, our knowledgeable staff will guide you through the entire process.

Personal Banking

Starting with personal banking, we offer checking and savings accounts that help you manage your day-to-day finances effortlessly. Imagine having easy access to your funds through our online and mobile banking services. You can check balances, transfer money, and even make person-to-person payments right from your phone. For those planning major purchases or simply wanting to consolidate debt, our personal loans can provide the financial boost you need.

Shared Branch Transactions

If you're traveling or simply prefer visiting another location, you can take advantage of our shared branch transactions. This allows you to perform basic deposits and withdrawals at partner credit unions across the country. In today's fast-paced world, having reliable financial services at your fingertips is essential. That's why we focus on digital banking features like online account management and mobile applications making it simple to handle your finances whenever it suits you. Whether you're in need of personal banking solutions or looking for assistance with business finances, Hope is committed to being there for all our members' needs. If you have any questions about our services or want to learn more about how we can assist you financially, don't hesitate to reach out! Call us at 901-721-8124 or visit us at our branch in Memphis. Let's work together toward achieving your financial goals!

Digital & Online Banking

Accessibility and Real-Time Management

Managing your finances has never been more accessible. Whether you're checking balances or making payments, our user-friendly interface ensures you can navigate effortlessly. You can stay on top of your finances in real-time no more waiting for updates or worrying about missing important transactions. With everything from mobile banking to e-statements at your fingertips, Hope is committed to providing a banking experience that fits seamlessly into your life. Join us today and take advantage of these convenient services!

E-Statements and Mobile Features

Say goodbye to paper clutter! We offer e-statements so you can view your account statements digitally. This not only keeps things organized but also contributes to a greener environment. If you're always on the move, our mobile application makes banking even easier. It allows you to perform all essential tasks right from your smartphone. Need to send money quickly? Our person-to-person transfer feature lets you send cash to friends or family instantly, making it simple to split bills or share expenses without any hassle. Additionally, with our mobile payments feature, you can make purchases securely using just your phone.

Financial Strength

Commitment to Growth

With $6,585,723 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to growth is evident with $1,148 in used auto loans and $393,646,582 in total loans and leases supporting members' financial goals across various sectors.

Growing Member Base

Total Share and Deposit Accounts stand at 52,499, showing a strong and growing member base that trusts us with their finances. Net Shares available for lending and investments amount to $14,334,424, which allows us to remain flexible and responsive to your financial needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Hope is your trusted partner. Visit us at 1451 Madison Ave Memphis Tn 38104 or call (901) 721-8124 to learn more about how we can help you achieve your financial goals.

Operational Efficiency

Our operational efficiency is reflected in our $195,806, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 215 full-time employees and 31 part-time employees who are dedicated to providing exceptional service tailored to your needs.

Secured Savings Options

Members' savings are secured through $137,602,792 in share certificates and $71,443,208 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $28,503,654, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Capital Foundation

With a net worth of $151,213,078, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $2,313 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $19,433,507 in used vehicle loans and $5,153,585 in new vehicle loans already helping members get on the road. We offer financing options that suit various budgets and needs, making it easier for you to drive away with confidence.

Business Financing

For business owners, our outstanding commercial loans totaling $116,685,129 provide the capital needed to grow and expand your business. We understand the unique challenges small businesses face and strive to offer financing solutions that are both accessible and supportive.

Credit Cards and Personal Financing

Managing everyday expenses is crucial, which is why we also offer flexible terms on unsecured credit card loans, with a total of $730,537 in loans helping members manage their finances effectively. These cards come with benefits designed to support your spending habits while keeping your budget in check.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $2,183,910, make buying or refinancing simple. We aim to provide flexible terms and competitive rates, ensuring that your journey to owning a home is as smooth as possible.

Refinancing Options

If you're considering refinancing existing loans, please reach out to us for details on eligibility options and how we can help streamline your financial commitments. At Hope, our goal is to empower you with the right tools for financial success. If you have questions or want to discuss your options further, feel free to contact us at (901) 721-8124 or visit us at 1451 Madison Ave Memphis Tn 38104, Memphis, TN. We're here to help! Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

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HOPE FEDERAL CREDIT UNION