Hard-working members of Licking, Franklin and Delaware Counties have not received the economic opportunities they deserve. Hopewell Federal Credit Union is working to make a difference in the lives of our members, consumers and our community.
The U.S. Treasury Department’s Community Development Financial Institutions Fund recently certified Hopewell Federal Credit Union as a Community Development Financial Institution (CDFI). This designation is available only to organizations that have proven they provide financial services and products in communities that historically have lacked lack access to traditional banking services. CDFI Certification is granted with the purpose of generating economic growth and opportunity in some of our nation's most distressed communities.
“With potential CDFI resources, we will grow our loan and deposit programs to give opportunities to and reach more underserved and underbanked families and businesses in our communities.”
Chris Simmons, CEO/President of Hopewell Federal Credit Union
The CDFI Fund was established in 1994 to boost lending and community development through certified CDFI lenders, allowing them to expand their reach into in economically distressed areas and underserved communities. CDFI Certification opens opportunities for institutions to access CDFI Fund grants, which must be used to support financially vulnerable residents and communities.