HOPE Proposes De-Obligation of ARPA Loan Funds
Montgomery CountyCounty · Montgomery, AL- Disclosed value
- $3,240,000 original subaward; $3,015,000 proposed de-obligation and reallocation
- From minutes
- Document date
- Mar 17, 2026
The 30-second brief
HOPE Credit Union reported limited deployment of its ARPA-funded small business forgivable loan program under a $3.24 million subgrant from the City and County of Montgomery and recommended de-obligating $3,015,000 for reallocation. The lender plans to use remaining advanced funds to process existing loan applications through Q1 2026 and return any unused balance.
Hope Credit Union holds this financial services contract with Montgomery County.
See who decides the next one before it's bid.
Get pre-RFPs freeFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $3,240,000 original subaward; $3,015,000 proposed de-obligation and reallocation
- Document date
- March 17, 2026
- Vendor
- Hope Credit Union
- Agency
- Montgomery County
- Source document
- Montgomery County Commission Minutes 2026-03-17 (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 17, 2026. The contract value is $3,240,000 original subaward; $3,015,000 proposed de-obligation and reallocation.
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 proposed de-obligation and reallocation, 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 2026-03-17 (Minutes), dated March 17, 2026 from Montgomery County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
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.