We have the FIRST members-only Federal Credit Union that Put some respect on BIG
Have you heard?! Alpha Kappa Alpha Sorority Inc. will be opening a “For Members Only Federal Credit Union,” which aims to help build generational wealth for Black women, promote social justice and uplift communities.
The digital banking financial institution is Black-owned, woman-led, sorority-based, and is the first of its kind in the history of the United States.
The National Credit Union Administration granted the Chicago-based institution a charter for the credit union on Feb. 3 and the sorority expects it to be fully operational by the end of the year, according to the @AJC. The credit union will also provide #AKA sorority members, as well as their families, with credit and checking accounts, personal loans, direct deposits and debit cards, according to a press release.
“As the first Black-owned, woman-led, sorority-based (and) 100% digital financial institution, we are poised to deliver innovative financial solutions that drive economic growth for our members, chapters, families and employees of Alpha Kappa Alpha Sorority,” AKA International President Danette Anthony Reed wrote in a letter to members.
This is truly a game changer and considering Alpha Kappa Alpha Sorority Inc. is the oldest Black sorority in the country, we can expect other sororities and fraternities to follow suit. This is TRULY #BlackExcellence!! #BWLM💕
