Giving Tuesday was created to unite us all in a day of generosity, to make a difference in the world any way we choose at the start of the holiday season. Join the #GivingTuesday movement and help make a positive impact by supporting our initiative to start a New Credit Union for Returning Citizens and considering a donation to our organization. First Step Alliance is a registered, IRS-approved 501(c)(3) non-profit.
For millions of justice-involved individuals, fair treatment in banking is a huge issue. The new Credit Union will provide formerly incarcerated people, and their families, friends and allies, with access to safe, affordable banking products and the financial education they need to achieve financial freedom. Our proposed Credit Union will be the first and only not-for-profit financial institution of its kind.
Hear more from community leaders with lived experience:
WHY IS THIS SO IMPORTANT?
More than 600,000 people are released from state and federal prisons in the U.S. each year and an estimated 24 million Americans have a felony record. For millions of formerly incarcerated individuals, fair treatment in banking is a huge issue. Many people can’t open a bank account or qualify for a small loan. Access to financial education is also limited, which can affect someone’s ability to achieve long-term financial well-being. We are committed to changing this narrative and improving the financial lives of formerly incarcerated people.
HOW WILL WE USE THE MONEY WE RAISE?
We’ve brought together a talented group of financial services professionals and justice-impacted community leaders with the skills, passion and lived experience to start this new credit union --- you can read more about us here. We have also secured widespread support from community members, government regulators, the credit union industry, reentry programs and other mission-aligned organizations. Our goal is to obtain funding to cover the initial costs of starting a new credit union and continue to create partnerships for our Fresh Start Financial Education Program. With your support, we are confident we can make this happen.