Workers' Rights
We believe in the dignity of work, workers’ rights, and the power of collective bargaining
Who we are
- Founded by the Amalgamated Clothing Workers of America and for nearly 100 years have been the bank for working people
- Pioneered one of the first strike funds to provide worker’s money while exercising their collective rights, personal loans for union members, and the first free checking account in New York
- Pioneered the financing for the first union-supported housing development in the US in 1927
- The first bank in the nation to raise our hourly minimum wage to $15 and to $20
- Issued more than $40,000 in fee waivers to help AFT and AFSCME in rapid response relief to their union members affected by hurricanes in Florida, Puerto Rico and the US Virgin Islands
- Staunch advocates to protect the retirement security, health, and welfare benefits of working Americans
Where we stand
- We will not lend money to companies and organizations that impede workers’ rights
- We were the first union owned company to have a public offering and the union still is the largest shareholder
What we do
- Participate in Home Financing Programs with the Service Employees International Union and the American Federation for Teachers to enable homeownership for more working people
- 32% of Amalgamated Bank employees are unionized and covered by a collective bargaining agreement
- We offer a defined pension plan to eligible employees
Why Amalgamated?
Block
100%
committed to renewable energy
98 years
of making a difference
B Corp
B Corp certifies our high standards of accountability and transparency
Putting our mission into action
Image
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
Image
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.
Image
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.
