Our union and its predecessors recognized that working families don't just need support at the workplace. In order to fulfill our mission of building a strong middle class, we had to be able to help members access privileges that seemed attainable only to more wealthy individuals -- home ownership, healthcare, and retirement.
To ensure our members had access, over the years, the following companies were founded and these partnerships have helped provide a more holistic path for our members towards the middle class.
The Amalgamated Clothing Workers of America, led by Sidney Hillman, believed that working people should have the same access to quality and affordable banking services that big businesses and wealthy individuals had. ACWA founded Amalgamated Bank in 1923 and over the years, Amalgamated Bank has pioneered new programs and financial products that provide access to banking regardless of people’s socioeconomic status.
Amalgamated Life Insurance Company was founded in 1943 by ACWA to offer insurance and employee benefits to working class people and their families. Today, ALICO is licensed in 50 states and the District of Columbia, and remains dedicated to helping working people and their families achieve financial security by providing affordable life, health and pension products and services.
The Textile Workers Fund was started in 1949 and over the years, has evolved to become the National Retirement Fund, a $1.8 billion union pension fund with over 240,000 participants, 447 contributing employers, 64 sub plans and 48 distinct pension calculations. The Fund is governed by an 18-member Board of Trustees which is comprised of nine Workers United Union Trustees and nine Employer Trustees.
Since 1950, The Sidney Hillman Foundation has honored investigative reporting and deep storytelling in service of the common good. The annual Hillman Prizes and monthly Sidney Awards celebrate the legacy and vision of Sidney Hillman, founder of the Amalgamated Clothing Workers of America, a predecessor union to Workers United, which helps sustain the foundation's work.