Community HOPE Federal Credit Union Established in Lincoln

The National Credit Union Administration granted a federal charter and Share Insurance Fund coverage to Community HOPE Federal Credit Union in Lincoln, NE on June 8, 2017.

Community HOPE’s charter is able to serve approximately 40,000 residents and 25,000 students who live, work, worship, attend school, participate in associations headquartered in, or participate in programs to alleviate poverty or distress located in a prescribed community in Lincoln from its office at 1625 N Street, Suite A, in Lincoln’s Antelope Valley area.

The new credit union provides residents in the prescribed community access to affordable financial services. During its first year of operations, the credit union plans to offer regular shares, share drafts, short-term unsecured loans, share-secured loans, payday alternative loans, cashier checks, and wire transfers. Community HOPE is currently working to provide financial literacy programs in the future as well.

NCUA also granted Community HOPE a low-income designation, making it eligible for certain benefits—including NCUA grants and low-interest loans as well as an exemption from the member-business lending loan limit—to help it better serve low-income members in its community.

Community HOPE’s ribbon cutting was held on October 5th, conducted by officials with the Lincoln Chamber of Commerce.