HOPE Credit Union ARPA Loan Funds Reallocated
Montgomery CountyCounty · Montgomery, AL- Disclosed value
- $3,240,000 original subaward; $3,015,000 recommended for de-obligation; $225,000 advanced; ~$85,000 expended
- From agenda
- Document date
- Mar 17, 2026
The 30-second brief
HOPE Credit Union outlined performance of its 2023 ARPA-funded small business forgivable loan subgrant with Montgomery, recommending de-obligation of $3,015,000 of the $3.24 million award due to low deployment. The remaining advance will support processing in-pipeline applications through Q1 2026, after which unused funds will be returned.
Hope Credit Union holds this financial services contract with Montgomery County.
Term as filed: Forgivable loan deployment deadline September 30, 2026; additional activity through end of Q1 2026 using remaining advance.
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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; ~$85,000 expended
- Document date
- March 17, 2026
- Term
- Forgivable loan deployment deadline September 30, 2026; additional activity through end of Q1 2026 using remaining advance
- Vendor
- Hope Credit Union
- Agency
- Montgomery County
- Source document
- Montgomery County Commission Agenda 2026-03-17 (Agenda)
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 17, 2026. The contract value is $3,240,000 original subaward; $3,015,000 recommended for de-obligation; $225,000 advanced; ~$85,000 expended.
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; ~$85,000 expended, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Montgomery County Commission Agenda 2026-03-17 (Agenda), dated March 17, 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.