Press Release: Coalition Granted Fiscal Sponsorship by Leather Alliance; Leather Alliance Joins as First Member Organization

FOR IMMEDIATE RELEASE

Announcing the San Francisco Bay Area Leather Alliance as the Coalition’s 501(c)3 Fiscal Sponsor & Leather Alliance joins the Coalition as its first member organization.

The Coalition achieved a major milestone in July in its mission to organize the first nationwide Federal Credit Union focused on offering fair & equal financial services to economically empower LGBTQ consumers, businesses, and organizations.

The Coalition is pleased to announce that organizers have executed a Memorandum of Understanding  which designates its organizing and fundraising activities a fiscally sponsored project of the San Francisco Bay Area Leather Alliance, a 501(c)3 non-profit organization.

The Leather Alliance has also agreed to join the fight for fair financial services as the first  Organizational member of our Coalition.

About The Leather Alliance

The San Francisco Bay Area Leather Alliance, Inc. is a 501(3)c non-profit organization formed for educational and charitable purposes.

The SF Bay Area Leather Alliance is a 100% volunteer 501(c)3 non-profit organization. The Alliance was formed in 2008, during a merger between the Inter-Club Fund and the Leather Forum.

The Leather Alliance is committed to advancing the interests of clubs, groups and individuals within the leather, fetish, kink, gear and motorcycling communities in the San Francisco, and to honoring the past legacies of those communities and the groups it succeeded.

The Alliance and its predecessor groups have provided grants to individuals within its community who are in serious financial distress due to an accident, serious illness, or death since the 1970′s, and it also provides programs focused on of achieving harm reduction.

The Leather Alliance is also the fiscal sponsor of the Leather & LGBTQ Cultural District, one of a number of districts which have been proposed by community organizers and the Board of Supervisors as a means to preserve the historic contributions of long-time San Francisco residents and communities.

About the Coalition

The LGBTQ Credit Union Coalition is a nonprofit and nonpartisan organization seeking to address the current gaps in access for LGBTQ consumers, businesses, and organizations to affordable mortgages, medical services, and other economically empowering investments due to discriminatory treatment in financial services, insurance, and real estate.

The Coalition’s mission is to engage, or produce, the research data, capital funding, community partnerships, & coordinated advocacy needed to propose and commence operation of an LGBTQ-FCU prior to 2023.

This first nationwide LGBTQ Federal Credit Union (FCU) can offer fair & equal access to financial services, planning, and products which are specialized for the unique financial needs and concerns of LGBTQ consumers. And the virtuous cycle of investment and savings between members, businesses, and organizations can help queer communities thrive–and not merely survive–by growing, sharing, and keeping their wealth in the family.

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