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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
$5 billion

in assets

400+

employees

96 years

of making a difference

Putting our mission into action

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Amalgamated Bank history

Does it really matter if a bank is socially responsible?  Who cares what the bank does with your money, just as long as it is there when you need it?  We care. At Amalgamated Bank, we believe banking – and the entire financial sector for that matter – must be responsible for its social and environmental impact. 

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B Corp

For 96 years, social responsibility has been embedded into our products, policies, programs, operations and mission. So two years ago when we were recognized by B Lab as a company that meets their rigorous standards for social and environmental performance, accountability and transparency, it was an important third party endorsement.

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corporate and social responsibility

Today, we became the first bank in the United States to endorse the United Nation’s Principles for Responsible Banking. The Principles for Responsible Banking provide the framework for the sustainable banking system of the future.