The members of Alpha Kappa Alpha Sorority (AKA), Inc., will now have a credit union following the National Credit Union Administration’s granting of a federal charter and Share Insurance Fund coverage to For Members Only Federal Credit Union in Chicago, Illinois.
“It’s perfectly fitting that an organization whose members pledge to be of ‘Service to All Mankind’ has created a credit union,” NCUA Chairman Todd M. Harper said. “This charter is also in keeping with AKA’s current initiatives to assist members in building economic wealth, promote social justice, and uplift communities, all of which are fundamental to the statutory mission of credit unions. Congratulations to AKA’s leadership for bringing this effort to fruition. I look forward to watching their credit union grow and thrive.”