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26 Black Owned Banks And Credit Unions

**Updated**

26-black-owned-banks

There are currently about 21 African American owned banks with assets totaling approximately $4.7 billion or approximately 0.43 percent of African America’s $1.1 trillion in buying power. In 1994, there were 54 African American owned banks according to the FDIC. Now, there are 21. 

We have the power to generate over 1 trillion dollars annually but invest less than half a percent of that in our own financial institutions. It’s time to change these numbers!

Check out the list below:

 


One United Bank

Kevin Cohee is the Chairman and Chief Executive Officer of One United Bank
Kevin Cohee is the Chairman and Chief Executive Officer of One United Bank

One United is the first Black internet bank and the second largest Black owned bank in the country, with offices in Los Angeles, Boston and Miami.

They were awarded the highest Bank Enterprise Award by the U.S. Department of Treasury for our community development lending ten times!

Location(s): Los Angeles,California, Miami, Florida, Boston, Massachusetts

WebsiteOne United Bank

Minimum Deposit: $50

Advertise Here

218 Comments

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    • Nearest is Liberty in Opelousas!
      One United Bank is online and has FREE ATMS all over the Lafayette area though!

  1. Mechanics and Farmers has been rebranded to M&F Bank. Please change it as it could be important to getting people to join.

    • I live in AZ and have been looking for a black-owned bank or credit union if anyone has any information please leave it in the post. Thanks!

  2. WE NEED TO SUPPORT ONE ANOTHER! WE ALL NEED TO BE THE CHANGE WE WANT TO SEE.

    TO ALL MY RIGHTEOUS ISRAELITE BROTHERS AND SISTERS, IT’S ABOUT TO BE A BRAND NEW DAY. DRY YOUR EYES BECAUSE OUR REDEMPTION DRAWETH NIGH…

  3. your bank does not have to be local for you to access it. My current bank is in Illinois and I live in FL.

  4. What about Brothers Bank in Kansas City Ks? I’m looking to invest in myself n real estate soon. I want to be apart of MY heritage

    • I was just looking into them and on their website, not once did it outright mention “black owned” so I was curious as to if they actually were? Could have been an oversite, but I was hoping to get some clarity on that.

  5. Looking for Black owned banks in Canton, Akron, or Cleveland, Ohio. We have Citizens Bank but not sure if that’s the same as Citizens Trust.

    Ready to make that move…

  6. Are there any in Madison, Wisconsin? If not how can I open one with another bank with the assurance that I’m only doing business with a black owned bank? I would like to close my account immediately and patronize a black owned bank.

  7. Illinois Service Federal – 47th Street Branch Chatham Office
    8700 S. King Drive
    Chicago, IL 60619
    P: 773-224-2160 F: 773-224-9042

    Day Lobby Drive-Up
    Monday 9:00am – 4:30pm 7:30am – 4:30pm
    Tuesday 9:00am – 4:30pm 7:30am – 4:30pm
    Wednesday 9:00am – 4:30pm 7:30am – 4:30pm
    Thursday 9:00am – 4:30pm 7:30am – 4:30pm
    Friday 9:00am – 6:00pm 7:30am – 6:00pm
    Saturday 9:00am – 1:00pm 7:30am – 1:00pm

  8. I live in Greenville, SC and we do not have any here that I know of, but I recently heard about C.O. Federal Credit Union in Charleston, SC.

  9. Is there a Black owned Bank in Phx,Az …I want so much to support my people.OMG!!! I am so happy!! We are on our way!!!

  10. St. Louis, Missouri city and county areas are in need of having a Black owned bank in which residents in the Black communities as well as all others outside the communities whom wish to partake, can support!!!

  11. I heard Carver is only 2% black owned.

    Should we still consider that bank?

    Are there any banks or credit unions out here in NY we can use?

  12. Hope Credit Union was started by Anderson UMC (black church) in Jackson Mississippi (now has branches in 4 states) but I am not 100% if they are still black owned or not.

  13. The 3-4 banks in Dallas I called them…if you are not a member of their church then you can’t bank there. Hopefully the ones in Houston will give me better luck. If there is anyone in Houston that can help out with info that would be great!! I have friends in Dallas who are ready to make the switch, we will even pile up in cars and make that 4hr ride to open accounts with a black bank! Or Louisiana please any info would be appreciated! Email me–>kaydriangrays@yahoo.com

  14. Sir,For years I’ve been interested in supporting Black Owned Busineses since I Retired from the US Army,I live in Little Rock Ar,are there any Black owned Banks in Ar??&What are the Benifits over other banks,I’m interested in opening an account,with one in my area,thank you .Sincerley Charles Wspoon

  15. Hello my name is Harold Jones and wanted to if there are any black owned banks in the South Jersey Region of of New Jersey near Philadelphia?

  16. Why post this on social media. If it’s a boycott, why tell the world? How you think other “organizations” become successful; because they kept it as a secret.

  17. Is the any black owned band in Indiana? Or any other options for those who don’t have a local black owned bank or credit union?

  18. Oakland, California? I see no banks or credit unions? Any in the Bay Area at all? And are we talking savings accounts? What the best tool to show support and empower? Don’t have huge money but want to do right/ better.

  19. Could you inform me as to where in Minnesota if there are any Black owned banks or credit unions.
    Thank you

  20. I did not see any listing for black owned banks in California mat be one or two of the ones above should think about expanding here, at lease one in LA , Orange County, and San Diego.

  21. It is my understand that the M&F Bank in North Carolina is an (African American Bank) yet, when I clicked to sign up, all I saw in the back ground of the page representing families were white families. As a bank and institution, why are their not any African American families that is also in the back ground representing the people whom the bank represent?

  22. If you are in the ORLANDO area – the black owned bank is in Maitland called Axiom Bank. They also have locations in TAMPA and JACKSONVILLE. Branches and ATMS are in Wal-Mart stores too. Owned by Robert L. Johnson (yes, from BET). Disclaimer: The only part that bothers me is that the bank doesn’t have any black executives in leadership.

  23. How is even possible that the Nation of Islam does not have a bank? The 3 Year Economic Plan fundraiser lasted for 15 year! The last black owned bank I joined had more Hispanic employees than blacks! I never seen any blacks working in Hispanic businesses.

    • I live in Orlando too and I don’t think so. Someone posted that Axiom (Orlando) is black owned but I honestly doubt that after further research.

  24. I would love to put my money in a black owned back, but can’t find any in Cleveland, Ohio, and I don’t want to trust banking over the internet with a bank out of town.

  25. I live in Orlando, Florida and I have been trying to find out if Axiom Bank, formoraly known as Urban Trust Bank is still black owned? I’ve seen some articles that former BET president Robert Johnson owns them, is this still true, and if so why is t this bank listed as a “black owned bank” on this current list?

  26. Im ready to pull the trigger on putting what i have “under the mattress” in a black owned bank here in NY. I have one in Newark NJ and one in Harlem. Lets say i put the money in the NJ bank will that only benefit the interests and improvement of Black neighborhoods in Jersey? I want to invest my money in these places but it will not benefit where i currently live or spend and i am not in a position to relocate at the moment. Im all for helping build the black community by putting my money in either of these banks but would like some benefit myself.

  27. Hello All, I’m looking for a Bank/Credit Union, in the Wash., DC area. Also, can anyone please tell me, why I’d chose one over another? Thank you, in advance.

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  29. Carver is NO LONGER Black-owned.

    “The federal government agreed to rescue the bank, and Goldman Sachs, Morgan Stanley, Prudential Financial, Citigroup and others injected $55 million in cash. But existing Carver shareholders, many of them Harlem residents who for decades had turned to the bank for mortgages or savings accounts, were left with just a 2% stake. The nation’s largest African-American-run bank was no longer African-American-owned.”

    https://goo.gl/gVDeot

  30. Hello, My name is carin.
    I live in charleston, SC are there any black owned banks here in Summerville, SC and Charleston, SC

  31. Please allow me to read at least one article without a pop-up ad for enrollment to display every 3 seconds (Next click). It is discouraging and very annoying. Allow me a chance to know if this sites provides the type of information/entertainment I will enjoy. Typically I would not write this type of response, I would have simply left the page and continued my search for information from another web source. I leave this response with the thought that someone else may feel similarly and a small adjustment might increase your viewership.

    • Did you pay to read this article? You think the people who created this website, took the time to research the content for this article and then write it do it for fun? Just like all website that you go to, they make their money off of advertising dollars. Do you send letters to NBC, ABC and CBS asking them not to show commercials between their TV shows? I doubt it.

  32. Hello I’m a former restaurant owner in kcmo. I have the vision to open a skating rink in the heart of the city for the families who can’t get to the rinks that are far away inthe suburbs. I’m looking for a financial Institute that would help me with funding. Please help with your suggestions.
    Sincerely,
    La’Donya Wells

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