Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Rockefeller foundation deposits 250000 in CDCU
COLLEGE STATION, Ark. (6/30/09)--The Winthrop Rockefeller Foundation will make a $250,000 deposit into $69 million-asset Hope Community CU, Jackson, Miss. (PR Newswire June 29). The gift is part of the foundation’s ongoing effort to help Arkansas families move from poverty to prosperity. HOPE and its nonprofit sponsor, Enterprise Corporation of the Delta (ECD), have offered affordable financial services and technical assistance to Arkansas’ working families, homeowners, entrepreneurs and small businesses for 15 years. The deposit is part of the Winthrop Rockefeller Foundation’s “Moving the Needle” strategy aimed at closing the educational and economic gaps that leave many Arkansas families in persistent poverty, according to President/CEO Sherece West. “The board is committed to moving low-income Arkansans from poverty to prosperity and knows that HOPE will put our money to work supporting affordable housing, business development and other services in distressed areas,” West said. “At the same time, our funds are safe and earning market interest rates.” HOPE plans to use the deposit to boost its ability to offer commercial loans, mortgages and consumer financial services to low-wealth people and communities. West said the deposit reflects a trend among both individuals and institutions to invest in socially responsible financial institutions that combine financial returns with community development. HOPE CEO Bill Bynum said he hopes the foundation’s deposit will inspire others to invest in ways that result in stronger communities.
Other Resources

RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
12 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
12 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
13 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
14 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
15 hours ago