Hope Credit Union Memphis TN | Low Mortgage Rates & Business Banking

Introduction

Welcome to Hope Credit Union at 1451 Madison Ave, Memphis, TN 38104! Since opening our doors in 1995, we've been dedicated to providing our community with reliable financial services that empower members to achieve their dreams. With over 41,000 members and total assets of $653,829,372, we are proud to be a trusted partner in your financial journey. At Hope, we understand that banking is not just about transactions it's about building relationships and supporting the needs of our members. Our mission is rooted in community development and member empowerment. Whether you're looking for personal banking solutions like checking and savings accounts, auto loans, or mortgages, or you need business banking services including merchant accounts and business loans, we're here for you. Our leadership team, led by CEO William Bynum and Board President Carolyn Gill-Jefferson, is committed to fostering a welcoming environment where every member feels valued. We currently employ 246 dedicated staff members who work tirelessly to ensure your experience with us is exceptional. While you're welcome to visit us at our branch for all your banking needs, please note that official correspondence should be sent to our mailing address: 1451 Madison Ave, Memphis, TN 38104. We invite you to explore all that we offer online at hopecu.org or give us a call 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 us today as we continue to serve our community with compassion and integrity because at Hope Credit Union, your success is our priority!

Branch History & Mission

Commitment to Community

Hope Credit Union is deeply committed to community outreach. We actively engage with local organizations and initiatives aimed at improving the financial literacy and overall well-being of our members. Through partnerships with various groups, we strive to create programs that offer education on budgeting, saving, and responsible borrowing. In addition to traditional banking services, we embrace modern technology by providing online banking options and mobile payments. This ensures that our members can manage their finances anytime and anywhere. We also comply with ADA standards to ensure that all our facilities are accessible to everyone. With our drive-thru service available for quick transactions and an ATM on-site for added convenience, we work diligently to create a customer-friendly experience. Our operating hours from Monday through Friday allow us to serve you during times that fit your schedule. We invite you to join the Hope family today! Experience firsthand how our dedicated team can assist you in reaching your financial goals while making a positive impact on the Memphis community. Together, we can build a brighter future for all. For more information or assistance, feel free to reach out at 901-721-8124 or visit us online at https://hopecu.org.

Our Mission

Our mission is simple yet powerful: to empower individuals and families through accessible financial services while fostering a strong sense of community. We believe that everyone deserves the opportunity for financial stability and growth. By offering a range of products including checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions, we are here to support our members every step of the way. While members can visit us at our main branch address of 1451 Madison Ave, official correspondence should be sent to the same mailing address: 1451 Madison Ave, Memphis, TN 38104. Our location is easily accessible and situated near local landmarks that make it convenient for our community.

Branch Location & Accessibility

Welcome to Hope Credit Union's Madison Ave branch, conveniently located at 1451 Madison Ave in the vibrant city of Memphis, TN. Nestled in Shelby County, our branch is not only easy to reach but also surrounded by familiar landmarks that make your visit even more enjoyable. Whether you're stopping by after a trip to nearby Overton Park or on your way home from shopping at the local boutiques, we're here to serve you. At our Madison Ave location, we prioritize accessibility for all our members. You'll find ample parking right outside the branch, and our facilities are designed with ADA compliance in mind, ensuring everyone can access our services comfortably. We're proud to offer a drive-thru banking option for those who prefer quick and easy transactions from their vehicles. Our lobby hours are designed with your schedule in mind: we're open Monday through Thursday from 9:00 AM to 4:30 PM and Friday from 9:00 AM to 5:00 PM. Feel free to drop by during these hours or give us a call at 901-721-8124 if you have any questions or need assistance. In addition to our welcoming atmosphere and convenient location, we provide a range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans, mortgages, and business banking services, we strive to be your one-stop shop for all things finance. Our ATM is available for cash withdrawals and balance checks, making it easy for you to manage your money on the go. While members can visit us at 1451 Madison Ave, official correspondence should be sent to the same address as there is no separate mailing address. If you're interested in exploring what we have to offer or just want to say hello, we invite you to come by or contact us today. We look forward to serving you!

Member Eligibility

Becoming a member of Hope feels like joining a caring community where your financial well-being is our priority. If you're wondering about eligibility, it's quite simple! At Hope, we welcome individuals who live, work, worship, or attend school in the surrounding areas. This means that whether you're a long-time resident or new to the neighborhood, you likely qualify to join us. The benefits are plentiful members enjoy access to personal banking services, loans, and more all designed to help you achieve your financial goals. If you're ready to take the next step, opening an account is easy! Just give us a call at (901) 721-8124, or check out our website for more details on membership criteria and account opening procedures at . We can't wait to have you as part of our family at Hope!

Business Banking & Commercial Services

Commercial Loans That Fuel Growth

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 That Make Transactions Easy

Imagine having a simple way to handle payments that lets you focus on what you do best running your business. Our merchant services help streamline transactions, making it easier for you to accept payments from customers. This means faster sales and happier clients. Located at 1451 Madison Ave Memphis Tn 38104 in Memphis, TN, we're here to help local businesses thrive. Connect with us today at (901) 721-8124 and see how we can partner in your success!

Comprehensive List Of Services

Additional Services

We also offer basic drive-thru banking for quick transactions like deposits and withdrawals. If you're part of another credit union that partners with us, enjoy basic shared branch transactions too! This flexibility means that whether you're running errands or planning a trip, accessing your money is simple and stress-free. At Hope, we're not just about banking; we're about building relationships within our community. We invite you to visit us at our Memphis branch or give us a call at 901-721-8124 to learn more about how we can support your financial journey. Together, let's achieve your financial goals!

Business Banking Solutions

For small business owners, we understand that managing finances can be challenging. That's why we provide comprehensive business banking services, including merchant services and business loans tailored to fit your unique needs. Partnering with us means having a financial ally who genuinely cares about your success.

Convenience at Your Fingertips

In today's fast-paced world, convenience is key. Our online and mobile banking services allow you to manage your accounts from anywhere at any time. With features like mobile payments and person-to-person transfers, staying connected with your finances has never been easier. Plus, our ATM services ensure that cash withdrawal is just around the corner when you need it.

Loans Made Easy

Life can be unpredictable, which is why having access to funds when you need them is crucial. At Hope, we offer personal loans for everything from unexpected expenses to debt consolidation. Our team is here to guide you through the process so that you can get back on track quickly. Additionally, our credit cards with rewards allow you to earn points on everyday purchases, making every dollar spent work harder for you.

Personal Banking

When it comes to managing your personal finances, our offerings are tailored just for you. We provide checking and savings accounts that help you save for future goals while enjoying easy access to your funds. If you're in the market for a new vehicle, consider our auto loans and vehicle financing options which make purchasing a car straightforward and affordable. For those looking to buy a home or refinance an existing mortgage, our mortgage loans come with competitive rates and personalized service.

Digital & Online Banking

Key Services

Our online banking platform at https://www.hopecu.org/ is user-friendly, allowing you to check balances, pay bills, and transfer money without stepping foot in a branch. You can enjoy 24/7 access to your account, ensuring that you're always in control of your finances. Plus, with the availability of electronic statements Yes, you can go green while keeping track of your transactions easily. Need to send money to friends or family? Our person-to-person transfer feature makes it simple and quick. Whether it's splitting a dinner bill or helping out a loved one, sending money has never been easier. And if you're on the go, our mobile application Yes brings all these features right to your fingertips.

Security and Convenience

We prioritize your security with electronic signature authorization Yes for added protection during online transactions. Your information remains safe while you enjoy the convenience of managing your accounts from home or wherever life takes you. With mobile payments Yes, making purchases directly from your phone is fast and easy. No more fumbling for cash or cards! Just tap and go, making everyday transactions hassle-free. At Hope, we believe that banking should fit into your lifestyle seamlessly. With our comprehensive digital services, you have real-time access to your accounts whenever you need it making budgeting and planning simpler than ever before. Embrace the ease of modern banking today!

Financial Strength

Growing Member Base

With a total of 52,499, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $14,334,424. In conclusion, 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.

Investing in Our Members

Our commitment to our members is further evidenced by having $6,585,723 in undivided earnings, which allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve you better. With $1,148 in used auto loans and $393,646,582 in total loans and leases, our lending capacity supports your financial goals across various sectors.

Operational Efficiency

Our $195,806 reflects our operational efficiency, 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, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Secure 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 Financial Health

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. Whether you're interested in financing a brand-new model or a reliable used vehicle, we've got you covered with flexible terms and competitive rates.

Commercial Loans

For business owners, our outstanding commercial loans totaling $116,685,129 provide the capital needed to grow and expand your business operations. We understand that each business has unique requirements; thus, our team works closely with you to tailor solutions that align with your objectives. Additionally, if you're considering refinancing options or want more information about eligibility requirements for any of our loan products, don't hesitate to ask! We're committed to ensuring that you have access to the best financial solutions available. At Hope, we pride ourselves on supporting our members through every financial journey. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us today and discover how we can help you achieve your financial goals!

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 offer various mortgage products designed to fit different budgets and lifestyles. Our knowledgeable staff can guide you through the process, ensuring you find the right solution for your housing needs.

Unsecured Credit Card Loans

Managing day-to-day expenses can sometimes be challenging. That's 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. This option allows you to handle unexpected costs without breaking the bank.

Loan Aggregator

Benefits of Using LendMesh

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