FMO will offer savings accounts, loans, and other financial assistance to AKA members and their families.
Alpha Kappa Alpha (AKA), the first Black Greek sorority ever, continues to make history. Now, the organization has created their very own credit union, “For Members Only.”
The FMO credit union is the first Black-owned, women-led, sorority-based digital banking financial institution in the history of the United States, according to ABC7 Chicago, where the AKA’s headquarters is located.
Danette Anthony Reed, International President and CEO of the sorority, stated to the news outlet, “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.”
Terri Bradford Eason, executive director of the FMO federal credit union added, “Every member will be an owner of the credit union.”
www.vibe.com
Alpha Kappa Alpha (AKA), the first Black Greek sorority ever, continues to make history. Now, the organization has created their very own credit union, “For Members Only.”
The FMO credit union is the first Black-owned, women-led, sorority-based digital banking financial institution in the history of the United States, according to ABC7 Chicago, where the AKA’s headquarters is located.
Danette Anthony Reed, International President and CEO of the sorority, stated to the news outlet, “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.”
Terri Bradford Eason, executive director of the FMO federal credit union added, “Every member will be an owner of the credit union.”
Alpha Kappa Alpha Makes History As First Sorority With Its Own Credit Union
FMO will offer savings accounts, loans, and other financial assistance to AKA members and their families.
www.vibe.com
