The expanded partnership provides all Amalgamated Bank customers with expert guidance and support to navigate the financial challenges of the COVID-19 pandemic
NEW YORK, November 10, 2020 – Today, Neighborhood Trust Financial Partners, a national nonprofit and leader in worker financial health, and Amalgamated Bank (Nasdaq: AMAL), America’s socially responsible bank, announced an expanded partnership focused on connecting more Americans with the tools and guidance they need to achieve financial health.
In response to the COVID-19 pandemic, Amalgamated Bank and Neighborhood Trust piloted a program offering free financial coaching to community members and bank customers in some of New York City’s most in-need communities. Now all of Amalgamated’s nearly 40,000 customers will be eligible for lifetime access to TrustPlus, Neighborhood Trust’s financial coaching service delivered via employers, worker benefits providers, financial institutions, and fintechs.
“As a socially responsible bank, Amalgamated believes it’s our duty to champion financial capability and help spread the word about wonderful organizations like Neighborhood Trust,” said Charles Schembri, Director of Retail Banking. “Our customers—and all peopl—deserve to be informed and empowered in their financial journey. Especially during these difficult times, Amalgamated Bank is proud to support our customers through our specialized financial offerings, and by partnering with organizations like Neighborhood Trust to help ensure financial coaching is accessible to all who seek it.”
Neighborhood Trust brings nearly 25 years of experience empowering low-to-moderate-income workers across the United States to achieve their financial goals. By blending financial coaching with innovative technology solutions and actionable financial products, Neighborhood Trust helps workers make their paychecks go further.
“As our communities continue to feel the physical, emotional and financial effects of the COVID-19 pandemic, the need for our services remains greater today than ever before,” said Justine Zinkin, CEO, Neighborhood Trust. “We are committed to making financial coaching accessible to anyone who needs it, and are thrilled to expand our partnership with Amalgamated Bank and bring TrustPlus to all of Amalgamated customers—and the broader ecosystem of socially responsible individuals and organizations.”
Amalgamated will offer all customers lifetime access to TrustPlus, which connects users with live financial coaches to help demystify personal finance. Bank customers will have one year to activate their accounts. TrustPlus’ service includes on-demand, one-on-one support, and expert financial guidance through phone, video or text, helping users set action-oriented financial goals and see them through. TrustPlus financial coaches provide confidential, personalized advice on pressing financial challenges, like budgeting, savings planning, credit repair, and paying down debt, and help navigating COVID relief programs, including food assistance, rental assistance and anti-eviction services.
As part of the partnership, all Amalgamated Bank customers will receive a code to access Neighborhood Trust’s TrustPlus services. If you are interested in learning more about these offerings visit mytrustplus.org or contact your Amalgamated Banker.
About Amalgamated Bank
For nearly a century, Amalgamated Bank has served as America’s socially responsible bank, supporting forward-thinking organizations, companies, and individuals across the country. We are an advocate for those working to make the world more just, compassionate and sustainable. Our extensive experience, financial knowledge and community of like-minded customers offer a unique set of financial tools to customers. Amalgamated is the country’s largest B Corp® bank and a proud member of the Global Alliance for Banking on Values. We don’t just have a mission. We are on a mission: to support those who support others, to invest in progressive and impactful causes and to advocate true financial opportunity for all.
About Neighborhood Trust Financial Partners
Neighborhood Trust is a nonprofit social enterprise empowering workers to take control of their finances and achieve financial health. With nearly 25 years of financial coaching experience, we blend our trusted financial guidance with innovative technology solutions and actionable financial products to help workers make their paychecks go further. Neighborhood Trust embeds our services where workers get paid, access financial services and make financial decisions. Annually we reach nearly 10,000 low- and moderate-income workers across the country. For more information, visit www.neighborhoodtrust.org.
TrustPlus is a financial wellness benefit that helps workers make the most of every hard-earned paycheck. A service of Neighborhood Trust, our coaches demystify personal finance with empathy, providing on-demand, one-on-one support, and expert guidance via phone, video or text. Our unique approach blends human connection with action-oriented tools and products to ease everyday money worries. Learn more at mytrustplus.org.
The Levinson Group
Neighborhood Trust Financial Partners
212-927-5771 ext. 230