FINALLY PUT THEIR MONEY WHERE THEIR COMMUNITIES NOW, NOW THAT THEY HAVE THEIR OWN CREDIT UNION. >> THE POWER THAT BLACK WOMEN HAVE. EVELYN: IT IS THE FIRST DIGITAL BANKING FINANCIAL INSTITUTION IN THE HISTORY OF THE U.S. THE AKA’S ARE ONE OF AMERICA’S OLDEST SERVICE ORGANIZATIONS FOLLOWED BY COLLEGE-EDUCATED AFRICAN-AMERICAN WOMEN WITH MORE
THAN HALF A MILLION MEMBERS INTERNATIONALLY. >> WE HAVE TO START DOING THINGS SO THAT FOLKS KNOW WE KNOW HOW TO CONTROL OUR MONEY. EVELYN: THE GRAND OPENING HERE IN CHICAGO COINCIDES WITH THE 115-YEAR-ODLD SORORITY’S LEADERSHIP CONFERENCE. THE FMO IS CHARTERED, REGULATED, AND INSURED, AND WILL OFFER DURING THE FIRST YEAR OF
OPERATIONS PRIMARY SAVINGS, LOANS, AND OTHER BANKING SERVICES. IT IS OPEN TO MEMBERS, FAMILIES, STAFF, AND CREDIT UNION EMPLOYEES. >> EVERY MEMBER WILL BE AN OWNER OF THE CREDIT UNION. EVELYN: THE FIRST OF ITS KIND CREDIT UNION IS BASED IN PART ON THE SORORITY’S SIX INITIATIVES WHICH INCLUDE BUILDING ECONOMIC WEALTH.
PLANS BEGAN A FEW YEARS AGO. THE IDEA TO CREATE ECONOMIC HEALTH AND FINANCIAL STABILITY FOR WOMEN OF COLOR. A BOARD MEMBER AND HER FAMILY OUR FOUNDING SUBSCRIBERS OF THE CREDIT UNION. >> WE WANT TO INVEST IN WHAT WE OWN. EVELYN: THE CREDIT UNION OFFICIALLY OPENED TODAY AND MONICA CANNOT WAIT TO OPEN HER
ACCOUNT. >> IT IS JUST AWESOME TO KNOW THAT WE WILL HAVE THE OPPORTUNITY TO ACTUALLY DO SOMETHING FINANCIAL. EVELYN:
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