Alpha Kappa Alpha, also known as AKA, the oldest Greek-letter organization established by African American college-educated women, has opened its first-ever members-only credit union. This new digital banking financial institution is the first of its kind in the United States, being Black-owned, women-led, and sorority-based.
Alpha Kappa Alpha, which was founded more than 115 years ago and now boasts 355,000 members worldwide, began planning to establish the credit union a few years ago as part of its ongoing efforts to promote economic and financial stability for women of color.
“Everyone doesn’t understand the impact we make financially, so you have to start doing things so folks know we know how to control our money,” Danette Anthony Reed, International President and CEO of AKA…
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