Police Union and Bank of Labor Join Forces to Build New Headquarters
“Bank of Labor was chosen based on their leadership in the labor union banking marketplace, their deep understanding of union financing and on the strength of their reputation for union lending.”
~ I.U.P.A. International President, Sam Cabral
After almost 40 years of protecting and advancing the wages, benefits, and work conditions of law enforcement officers, the International Union of Police Associations (I.U.P.A.) decided that it was time to establish a place of their own. In August of 2018, the I.U.P.A. purchased a new headquarters building in Sarasota, FL. This was made possible with Bank of Labor’s financing. It’s through this investment project that the I.U.P.A. further celebrates its accomplishments in being the top rated and fastest growing Police Union in the United States.
“During the past four years, it was our goal to establish the International Headquarters as an additional asset owned by the organization, and we are very excited that the overall project will be completed during our 40th year anniversary of our founding,” said International President Sam Cabral. The I.U.P.A.’s membership continues to grow by providing tangible benefits to Law Enforcement Officers during these challenging times. International President Cabral reached out to Bank of Labor to secure the necessary financing for the project. “Bank of Labor came through and made this dream a reality.
The I.U.P.A. will continue to seek their partnership for future financial endeavors,” said Cabral. “When the I.U.P.A. mentioned their closing time-frame, it seemed like a very difficult task. However, the I.U.P.A. were so responsive to our requests for information and knowledgeable about the building they were purchasing that we were prepared to close ahead of schedule,” said Senior Vice President of Commercial Banking Joe Keller. “It was a pleasure to work with International President Cabral, the Executive Board of Directors, and the I.U.P.A. staff, all of whom were extremely professional in their approach.”
Bank of Labor also supported the I.U.P.A.’s Law Enforcement Officers Relief Fund (L.E.O.R.F.) charity event on behalf of the bank. “L.E.O.R.F. sends funds immediately to law enforcement families of courageous men and women of all races who have been critically injured or killed in the line of duty. Otherwise, it could take 4-7 weeks before benefits are made available to them due to required processes. Simultaneously, mourning families have to finance added funeral or medical expenses and meet the everyday financial needs of their household,” said Senior Vice President of Labor Market Development Bridget Martin.
The I.U.P.A. Headquarters Grand Opening Ceremony — SVP of Labor Marketing Bridget Martin presents President Sam Cabral a plaque to commemorate the acquisition of the first I.U.P.A. headquarters.
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