The pandemic cannot stop the pride | 2020-06-19
Restrictions surrounding the coronavirus pandemic (COVID-19) have changed the way groups come together and celebrate, and Pride month is no exception.
Federal Credit Union Alternatives in Ithaca, NY, focuses on community partnerships that make the LGBTQ community more financially and socially secure.
“This year is so different in so many ways,” says Chris Cain, experience manager at the $ 115 million asset credit union. “We focus on collaboration within the community.
Thanks to these partnerships, Alternatives Federal is organizing a series of workshops and virtual webinars on its TransAction Financial Empowerment Program.
The program provides access to funds to support gender affirmation, such as hormone therapy, voice coaching, new wardrobes, updates to legal documentation and surgeries / procedures without the credit risks to high interest or predatory lenders.
Alternatives Federal has partnered with Planned Parenthood of Greater New York to provide education that improves financial decision-making for the trans community with an inclusive and welcoming atmosphere.
The program’s credit features include a loan and a line of credit, Cain says. “The loan is to pay for surgery or maybe travel,” she says. “The line of credit covers day-to-day expenses such as singing lessons, ongoing injections and therapy. “
The effort responds to a community need. “People would come to us to fund their bridging surgeries,” Cain explains. “So they took advantage of our financial advice to save for the surgery. The program sort of built itself.
But access to credit is only one aspect of TransAction’s financial empowerment program.
“Equally important is access to education and people who are supportive, open-minded and understand the challenges you are going through,” says Cain.
She says it’s a little strange celebrating Pride Month without the usual parades and festivals.
“We want to be on top of everything that’s going on,” Cain says. “A festive atmosphere is good for some days and not so good for others. What is important is to have an open dialogue 12 months a year.