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ECD is a private, nonprofit community development financial institution (CDFI), that provides commercial financing, mortgage loans and technical assistance to support businesses, entrepreneurs, home buyers and community development projects. ECD's mission is to strengthen communities, build assets and improve lives of people in economically distressed areas of Arkansas, Louisiana, Mississippi, and Memphis, Tennessee. ECD also sponsors Hope Community Credit Union, which provides a range of financial products and services that meet the needs of low- and moderate-income residents in its three-state service area. Since 1994, ECD/HOPE has generated over $300 million in financing for entrepreneurs, homebuyers and community development projects, and assisted more than 30,000 individuals in low-income communities throughout the Mid South.