HOPE Recommends ARPA Small Business Funds Reallocation
Montgomery CountyCounty · Montgomery, AL- Disclosed value
- $3,240,000 (original subaward); $3,015,000 recommended for de‑obligation; $225,000 advanced; ~$140,000 to be used or returned
- From minutes
- Document date
- Mar 3, 2026
The 30-second brief
HOPE Credit Union reported limited uptake of its ARPA-funded small business forgivable loan program under a $3.24 million subgrant from Montgomery and recommended de‑obligating $3,015,000 for reallocation. The institution will continue processing remaining applications with previously advanced funds through Q1 2026 and return any unused amount.
Hope Credit Union holds this financial services contract with Montgomery County.
Term as filed: Forgivable loan deployment deadline: September 30, 2026; HOPE to continue processing applications through end of Q1 2026 with remaining advanced funds.
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Contract details
- Contract type
- Financial Services
- Amount
- $3,240,000 (original subaward); $3,015,000 recommended for de‑obligation; $225,000 advanced; ~$140,000 to be used or returned
- Document date
- March 3, 2026
- Term
- Forgivable loan deployment deadline: September 30, 2026; HOPE to continue processing applications through end of Q1 2026 with remaining advanced funds
- Vendor
- Hope Credit Union
- Agency
- Montgomery County
- Source document
- Montgomery County Commission Minutes 2026-03-03 (Minutes)
Hope Credit Union's other public contracts
More Montgomery County contracts
Questions about this contract
Who was awarded the financial services contract by Montgomery County?
Hope Credit Union was awarded this financial services contract by Montgomery County, as recorded on March 3, 2026. The contract value is $3,240,000 (original subaward); $3,015,000 recommended for de‑obligation; $225,000 advanced; ~$140,000 to be used or returned.
How much is the Hope Credit Union contract with Montgomery County worth?
The Hope Credit Union contract with Montgomery County is valued at $3,240,000 (original subaward); $3,015,000 recommended for de‑obligation; $225,000 advanced; ~$140,000 to be used or returned, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Montgomery County Commission Minutes 2026-03-03 (Minutes), dated March 3, 2026 from Montgomery County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Hope Credit Union hold?
Hope Credit Union may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Montgomery County currently buying?
Explore Montgomery County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.