Alpha Kappa Alpha sorority launches members-only bank

The bank, FMO, was created to foster greater financial prosperity for women of color.

Alpha Kappa Alpha (AKA), the United States’ oldest Black sorority, is launching a groundbreaking new credit union and placing ownership in the hands of its members.

For Members Only (FMO), which celebrated its grand opening Wednesday, is the nation’s first sorority-based financial institution to be owned and led by Black women, according to today!

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