Amalgamated Bank announces the launch of a new savings program co-branded with the International Association of Fire Fighters Financial Corporation (IAFF-FC). This program is designed to help firefighters maximize their savings throughout their working lives and retirement. More than 300,000 firefighters will have access to Amalgamated Bank’s products and services through a dedicated Web site with value-added offers and customized content.
Amalgamated Bank joins a small group of prominent financial organizations, including Nationwide and Liberty Mutual, that partner with the IAFF-FC to offer competitively-priced services to firefighters and their families. The firefighters chose to work with Amalgamated Bank because of the bank’s 90-year history of supporting working families and its expertise in meeting the needs of America’s union members.
“We are proud to partner with the IAFF-FC,” said Ed Grebow, President and CEO of Amalgamated Bank. “As the largest majority-owned union bank, we are committed to making banking accessible and affordable to working people. Firefighters save lives every day. It is important that we give them the information and tools they need to make the most of their savings.”
The IAFF Savings program will offer financial education through quarterly Webinars and videos. IAFF members will learn how to reduce debt and increase savings. To help members save, Amalgamated Bank will also offer members promotional bonuses and rate-driven incentives.
“I am delighted that we are able to work with Amalgamated Bank,” said Harold Schaitberger, General President of the IAFF. “As a majority union-owned bank, they understand the needs of IAFF members and working families. Their willingness to build an individualized, targeted program was attractive to our members, and we were impressed by the range of online as well as traditional services that Amalgamated is able to offer.”
The program launches at the end of October with continued outreach to firefighters starting in January 2014.