Amalgamated Bank is a company that provides commercial bank, investment management, fiduciary trustee, financial advisor, and administrative support to nonprofit clients. They primarily provide their services regionally, with most clients in New York and Illinois (although they are present in other states as well).
Most Amalgamated Bank clients are health and welfare funds and labor unions with revenues ranging from $21 million to $187 million.
| Name | Type | Location | |||
|---|---|---|---|---|---|
| 1 | Service Employees International Union (SEIU) | 501(c)(5) | Washington, DC | ||
| 2 | Unite Here | 501(c)(5) | New York, NY | ||
| 3 | Amalgamated Transit Union (ATU) | 501(c)(5) | Silver Spring, MD | ||
| 4 | Van Ameringen Foundation | 501(c)(3) | New York, NY | ||
| 5 | Building Service 32bj Health Fund | 501(c)(5) | New York, NY | ||
| 6 | Office and Professional Employees International Union | 501(c)(5) | New York, NY | ||
| 7 | Nyc District Council of Carpenters Welfare Fund | 501(c)(9) | New York, NY | ||
| 8 | Welfare Trust Fund Local 804 | 501(c)(9) | Port Washington, NY | ||
| 9 | IUOE Local 30 Benefits Fund | 501(c)(9) | Whitestone, NY | ||
| 10 | Teamsters Local 727 Health and Welfare Fund | 501(c)(9) | Park Ridge, IL | ||
| ... | and 64 more Amalgamated Bank not-for-profit tax-exempt clients identified by Cause IQ | ||||
Competitors to Amalgamated Bank in the nonprofit sector include Paychex, Inc., Minnesota Life Insurance Company, Adp, Voya Retirement Insurance and Annuity Co., Benefit Plans Admin Services, Inc., US Bank, Ubs Financial Services, Inc., The Segal Company, Cambridge Investment Research Inc, and Capital Research and Management Company.
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