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Immigrant Rights

All immigrants deserve basic rights and are an essential part of a thriving economy

Who we are

  • Founded in 1923 by a union of immigrants, we began as the bank for working people striving to achieve the American Dream
  • Pioneered the first free checking accounts, unsecured personal loans, and foreign exchange transfer service allowing immigrants to send money back home

Where we stand

  • We will not lend money to companies or organizations that promote hatred
  • We invest in companies that promote diversity and inclusion
  • One of the first banks to accept NYC’s Municipal ID card helping in account opening process and to expand banking to under-served communities
  • Launched Hate is Not Charitable campaign to stop the flow of philanthropic dollars to hate groups, including those discriminating against the immigrant community

What we do

  • NYC Kids Rise Program offers scholarships and savings programs to make college more achievable
  • First Home Mortgage Club help make home ownership more affordable for first time buyers
  • Helped United We Dream deploy nearly $300,000 in checks to pay Deferred Action for Childhood Arrivals (DACA) fees for 550 immigrant youths
  • Provide financial literacy programs at all of our branches
  • We provide financing to CDFIs that open up investment opportunities for immigrant communities
  • We work with the NYC Department of Youth and Community Development on the Ladders for Leaders intern program that provides internships for 25 students a year

 

Why Amalgamated?

Block
$6 billion

in assets

400+

employees

98 years

of making a difference

Putting our mission into action

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Man wearing mask
workers' rights

The light at the end of the pandemic tunnel has gotten a little brighter recently, especially as the number of U.S. COVID-related hospitalizations continues to dwindle and the number of fully vaccinated people in the country reaches nearly 40% of the population.1

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access to banking

As America’s socially responsible bank, committed to providing financial services and advocating for economic justice for all, we recognize the struggle that many communities face when it comes to accessing banking services.

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Amalgamated Bank logo on glass
racial justice

Today, Amalgamated Bank announced its endorsement of HR 40, which is calling upon the Federal Government to form a Commission to explore reparations for African Americans. As of now, we are the first major U.S. bank to endorse HR 40, but are hopeful we are not the last.