Criminal Justice
Criminal Justice
The embedded racism in the criminal justice system must be dismantled to end its oppression of Black people, and all People of Color. Investments in community development, healthcare, and education need to be prioritized over policing and private prisons.
Our voice
- Endorsed #8CANTWAIT reforms for police conduct and to support investments into community and economic development over policing
- Endorsed and continually support the Black Lives Matter movement’s efforts to address systemic racism in policing
- We pioneered Restart Checking — an account for those who have been turned away elsewhere because of credit problems
Our money
- We do not lend to private prison operators
- Marshaled rapid response dollars through the Amalgamated Foundation to local activist group in Minneapolis in response to the murder of George Floyd
Our practices
- Committed to hiring candidates with former convictions, where permitted, under state and federal regulations
Why Amalgamated?
Block
$6 billion
in assets
B Corp
meeting high standards of social and environmental performance, accountability and transparency
98 years
helping those who do good, do better
Putting our mission into action
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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.
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LGBTQ+ justice
Amalgamated Bank was founded almost 100 years ago to create a diverse, inclusive, and egalitarian community for labor workers. These tenets of our founding are elevated again today as we proudly announce that the Human Rights Campaign Corporate Equality Index (HRC CEI) has designated Amalgamated Bank “One of the Best Places to Work” in 2021.
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racial justice
Last week, Amalgamated Bank issued a public statement on our support for Black Lives Matter and promised that tangible actions would be forthcoming. I am sharing with you where we are now, just a little over a week later, and where I believe we can head in the future.