Values-based community bank Climate First Bank announced the development a unique way to celebrate Pride Month – Pride Banking. With every Pride Checking account opened, the bank will contribute donations to a partnering LGTBQ+ charity or nonprofit. In selecting the first account beneficiary, Climate First Bank joined forces with KindRED Pride Foundation to help the nonprofit organization and its celebration of diversity, inclusion, equality, safe expression and kindness.
What is Pride Banking?
“For Climate First Bank, flighting the climate crisis is never just an environmental issue – it’s a social justice issue too. We’ve seen time and time again how marginalized communities are disproportionately affected by the negative impacts of the climate crisis,” said Director of Client and Mission Partnerships Lauren Dubé. “With Pride Banking, we hope to uplift the LGBTQ+ community and establish a model for community impact with this type of charitable partnership. Our plan is to have the partnering LGBTQ+ organization change biannually, so we can spread our support to organizations that matter the most to our community.”
Features of the Pride Checking account:
- One $50 donation made by Climate First Bank directly to the partnering LGTBQ+ organization for every qualifying* account opened
- Accounts earn 0.10% interest with no minimum account balance and no monthly fee
- Account holders receive free Pride Banking checks
Climate First Bank will also be sponsoring St. Petersburg Pride as a “Partner of Pride” and will participate in the concert on June 24, 2022. The will also have a booth at the Pride in Grand Central Street Carnival on June 26, 2022.
What is KindRED Pride Foundation?
KindRED Pride Foundation was inspired by the desire to expand the magic created by the original “Gay Day at Magic Kingdom” in Orlando. The event started with only a handful of people. They all decided to meet on the first Saturday in June in front of the castle in 1991. Since none of them had ever met in person, they all wore red t-shirts to identify one other. KindRED Pride Foundation’s mission is to honor the kindred spirit, bravery and courage of the original attendees. They do this by not only inviting the LGBTQ+ community to Orlando but also challenging everyone to wear red on the first Saturday of June as a sign of solidarity around the world.
“There’s a special kind of magic that happens when two purpose-driven organizations come together to have a positive impact on the community,” said Billy Looper, president of KindRED Pride Foundation. “We’re proud to partner with Climate First Bank to create more spaces where people are encouraged to belong and express their true selves in a safe place.”
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