121:, helping to build the new business with the help of a $ 77 loan from local manufacturing workers. His desire to work in the credit union industry was inspired by Bynum's grandmother, who used to bank at a credit union which provided banking services to Black community members out of the garage of Bynum's high school principal. In 1989, he began working for the North Carolina Rural Center, providing
157:. Bynum would spend his day working at the Enterprise Corporation and his free time working on the credit union project. Eventually, the Enterprise Corporation combined with Hope Credit Union. HOPE expanded from Jackson to New Orleans in 2004. The credit union now has locations throughout the south, including in Tennessee, Arkansas, and Alabama and serves more than 100,000 people. In June 2020,
108:
major and shifted to psychology and political science, earning a double major. At the
University, he was chair of the Black Student Movement. Bynum considered attending law school, and was accepted to the University of North Carolina's law school, but began working for a labor organization, which
136:
to manage a $ 1.5 million grant made to the foundation to launch the
Enterprise Corporation of the Delta, an independent nonprofit organization designed to support businesses and create quality jobs in the Delta region of Arkansas, Louisiana and Mississippi.
132:, to launch the foundation to support economic development in the state. Bynum had been inspired after hearing Winter lecture in North Carolina, and found the work Winter and Penick were doing in Mississippi interesting. Eventually, Bynum moved to
72:
is an
American businessperson and philanthropist. Bynum is the chief executive officer and founder of Hope Enterprise Corporation, Hope Credit Union and the Hope Policy Institute, collectively known as HOPE.
441:
128:
In 1994, Bynum was contacted by George Penick, director of the
Foundation For The Mid-South. Penick relocated from North Carolina to Mississippi, recruited by then Mississippi governor
461:
436:
182:
340:
365:
46:
178:
101:
314:
190:
186:
456:
446:
118:
154:
451:
129:
170:
466:
288:
94:
201:
Bynum married Hope
Simmons in 1988. In 1990, their child, Blythe, was born. Hope passed away in 2019.
145:
When Bynum joined a local church, the pastor
Jeffery A. Stallworth, MDiv, BCC had the idea to start a
133:
93:
and when Bynum was five years old, his family left New York to return to North
Carolina, settling in
30:
161:
invested a $ 10 million deposit at HOPE to support economic development for Black communities.
50:
34:
204:
In 2008, Bynum was awarded the
University of North Carolina's Distinguished Alumnus Award.
174:
193:
team to support transition efforts related to the
Consumer Financial Protection Bureau.
390:
90:
430:
86:
208:
146:
150:
82:
256:
105:
419:
315:"Talking about the real credit union mission with Bill Bynum, CEO of Hope CU"
122:
158:
341:"Biden transition teams add credit union CEO and former NCUA staffer"
177:, in addition to other organizations. He's a former member of the
109:
instilled his interest in employment and labor rights.
125:
to low-income community members to start businesses.
366:"Hope Bynum Obituary (1954 - 2019) - Clarion Ledger"
149:. The goal was to create an option for people using
57:
42:
25:
18:
442:University of North Carolina at Chapel Hill alumni
183:Community Development Financial Institutions Fund
8:
462:People from Chatham County, North Carolina
15:
47:University of North Carolina, Chapel Hill
437:Businesspeople from Jackson, Mississippi
391:"The Heinz Awards :: William Bynum"
250:
248:
246:
244:
207:In 2021, Bynum received the 26th Annual
102:University of North Carolina Chapel Hill
282:
280:
278:
276:
274:
242:
240:
238:
236:
234:
232:
230:
228:
226:
224:
220:
289:"Southern Futures: Chief Hope Officer"
7:
313:McGarvey, Robert (4 February 2019).
293:College Arts & Sciences Magazine
187:Consumer Financial Protection Bureau
339:Passman, Aaron (11 November 2020).
117:Bynum eventually began working for
189:. In 2020, Bynum was named to the
14:
191:Joe Biden presidential transition
255:Criss, Jack (5 November 2020).
155:alternative financial services
119:Center for Community Self-Help
1:
169:Bynum is on the board of the
81:William J. Bynum was born in
483:
457:American bank presidents
259:. Delta Business Journal
181:advisory boards for the
171:NAACP Legal Defense Fund
89:. His parents were from
77:Early life and education
447:People from East Harlem
179:Department of Treasury
134:Jackson, Mississippi
452:Microfinance people
395:www.heinzawards.net
211:for the Economy.
141:HOPE Credit Union
104:. He started as
67:
66:
474:
423:
422:
420:Official website
405:
404:
402:
401:
387:
381:
380:
378:
376:
362:
356:
355:
353:
351:
336:
330:
329:
327:
325:
310:
304:
303:
301:
299:
284:
269:
268:
266:
264:
252:
100:He attended the
70:William J. Bynum
16:
482:
481:
477:
476:
475:
473:
472:
471:
427:
426:
418:
417:
414:
409:
408:
399:
397:
389:
388:
384:
374:
372:
364:
363:
359:
349:
347:
345:American Banker
338:
337:
333:
323:
321:
312:
311:
307:
297:
295:
286:
285:
272:
262:
260:
254:
253:
222:
217:
199:
175:Aspen Institute
167:
143:
115:
79:
62:
38:
21:
12:
11:
5:
480:
478:
470:
469:
464:
459:
454:
449:
444:
439:
429:
428:
425:
424:
413:
412:External links
410:
407:
406:
382:
357:
331:
305:
270:
219:
218:
216:
213:
198:
195:
166:
163:
142:
139:
130:William Winter
114:
111:
91:North Carolina
78:
75:
65:
64:
63:Philanthropist
61:Businessperson
59:
55:
54:
44:
40:
39:
29:
27:
23:
22:
19:
13:
10:
9:
6:
4:
3:
2:
479:
468:
467:Living people
465:
463:
460:
458:
455:
453:
450:
448:
445:
443:
440:
438:
435:
434:
432:
421:
416:
415:
411:
396:
392:
386:
383:
371:
367:
361:
358:
346:
342:
335:
332:
320:
316:
309:
306:
294:
290:
283:
281:
279:
277:
275:
271:
258:
251:
249:
247:
245:
243:
241:
239:
237:
235:
233:
231:
229:
227:
225:
221:
214:
212:
210:
205:
202:
197:Personal life
196:
194:
192:
188:
184:
180:
176:
172:
164:
162:
160:
156:
152:
148:
140:
138:
135:
131:
126:
124:
120:
112:
110:
107:
103:
98:
96:
92:
88:
87:New York City
84:
76:
74:
71:
60:
56:
52:
48:
45:
41:
36:
32:
28:
24:
17:
398:. Retrieved
394:
385:
373:. Retrieved
369:
360:
348:. Retrieved
344:
334:
322:. Retrieved
318:
308:
296:. Retrieved
292:
287:Spurr, Kim.
261:. Retrieved
257:"Bill Bynum"
206:
203:
200:
168:
147:credit union
144:
127:
116:
99:
80:
69:
68:
375:17 November
350:17 November
324:17 November
298:17 November
263:17 November
209:Heinz Award
151:payday loan
83:East Harlem
431:Categories
400:2021-11-18
215:References
165:Other work
123:microloans
106:journalism
58:Occupation
20:Bill Bynum
319:CUInsight
43:Education
185:and the
173:and the
35:New York
31:New York
159:Netflix
370:Legacy
113:Career
37:, U.S.
95:Bynum
377:2020
352:2020
326:2020
300:2020
265:2020
153:and
26:Born
85:in
433::
393:.
368:.
343:.
317:.
291:.
273:^
223:^
97:.
51:BA
33:,
403:.
379:.
354:.
328:.
302:.
267:.
53:)
49:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.