AKAs Make History As 1st Sorority With It's Own Credit Union
Jul 18, 2023
Alpha Kappa Alpha Sorority, Inc. launched it's own credit union Wednesday July 12th, making it the first Black-owned, women-led, sorority-based digital banking financial institution in the history of the United States π¦ππ½
“Everyone doesn’t understand the impact we make financially, so you have to start doing things so folks know we know how to control our money.” - AKA President and CEO of the sorority, Danette Anthony-Reed
The FMO is chartered, regulated and insured by the National Credit Union Administration and will offer savings accounts, loans, and other financial assistance to Alpha Kappa Alpha members, including their families, staff of the sorority, and credit union.
FMO's grand opening at the group's international headquarters in Chicago
ABC Chicago
The bank is one of six initiatives the sorority is taking, including building economic wealth and financial stability for women of color. βπΎπ¦
“Every member will be an owner of the credit union," said Terri Bradford Eason, FMO federal credit union executive director.
How Do I Join?
For more Information in how to join the FMO For Members Only Federal Credit Union visit AKA1908.com
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