ECD and its affiliate, Hope Community Credit Union (ECD/HOPE), convert deposits into development
credit and financial services. ECD/HOPE supplements these services by marshalling private, public
and philanthropic resources to tackle hurdles facing low-income communities including jobs, housing
Commercial Loans: ECD/HOPE’s business loans target people and
communities underserved by traditional lending institutions, placing emphasis on community
infrastructure sectors including childcare, healthcare and affordable housing. ECD/HOPE mitigates
risk and leverages resources by making use of public guarantee and credit enhancement programs.
Mortgage Loans : Through the HOPE Mortgage Program, ECD/HOPE originates and purchases
non-conforming mortgages made to low- and moderate-income families throughout the Mid-South with
the goal of increasing the number of homeowners and the quality of housing in the region.
Consumer Financial Services: Through transaction accounts and financial services provided by
HOPE, ECD/HOPE provides low- to moderate-income families and individuals with alternative to
predatory lenders, offering socially responsible lenders a safe and convenient means to support
Technical Assistance: ECD/HOPE brokers a range of technical
assistance for its customers including entrepreneurial training, home buyer training, and financial
literacy workshops. These services are provided by ECD and partners, such as community groups,
educational institutions, public agencies, and private consultants.