Flower buds in a field

Criminal Justice and Private Prisons

Private prisons are not the answer to criminal justice. True prison reform happens when returned citizens are an essential part of our country’s fabric

Who we are

  • We pioneered Restart Checking — an account for those who have been turned away elsewhere because of credit problems
  • We have led a class action lawsuit against Core Civic, a leading for-profit prison, claiming that the company inflated their stock prices by misrepresenting the quality and value of its services

What we do

We do not lend to private prisons or detention centers

 

Why Amalgamated?

Block
$5 billion

in assets

B Corp

meeting high standards of social and environmental performance, accountability and transparency

96 years

helping those who do good, do better

Putting our mission into action

Image
photo of sunset over mountains and lake
B Corp

For 96 years, social responsibility has been embedded into our products, policies, programs, operations and mission. So two years ago when we were recognized by B Lab as a company that meets their rigorous standards for social and environmental performance, accountability and transparency, it was an important third party endorsement.

Image
photo of $20 bills and a person on a calculator
Amalgamated Bank history

Today, I am proud to announce that we are the first bank in the United States to increase our minimum wage to $20 an hour for all full-time employees. By raising our minimum wage, we are continuing to honor our roots in the labor movement and to do our part in creating greater access and opportunity for our workers and their families.

Image
photo of United Nations
corporate and social responsibility

Today, we became the first bank in the United States to endorse the United Nation’s Principles for Responsible Banking. The Principles for Responsible Banking provide the framework for the sustainable banking system of the future.