New Hope Community Development Federal Credit Union

Birmingham AL


New Hope Community Development Federal Credit Union (NHCDFCU) was founded in 1996 by New Hope Baptist Church as a way of delivering needed financial services to individuals living in five low-income neighborhoods in Birmingham that lack bank branches, ATMs and other traditional financial services. Since its inception, the credit union uses volunteer board members to provide its consumer loans and basic financial services to its 480 members.

CDFI Awards for New Hope Community Development Federal Credit Union


CORE (2001) - $95,000

The CDFI Fund"s technical assistance will enable NHCDFCU to purchase and install an ATM; purchase the software necessary to operate a share draft program; provide training for staff, board, and supervisory and credit committee members; and explore the feasibility of expanding services into other under-served Birmingham communities.



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