OneUnited Bank became the largest Black-owned bank in the country and the first Black-owned internet bank. What makes this bank so unique is that they promote affordable financial programs for their consumers and aim to promote urban development by proving loans for business, churches, and low-income families. Their initial goal was to take the $700 million black spending power and re-channel it into the communities to support community development. Their reputation supercedes their good deeds thus far in terms of their record earnings, and the strength of their assets. OneUnited Bank is a certified Community Development Financial Institution, and they have consecutively recieved the highest accolade from the United States Department of Treasurey for the past 2 years for their community development lending.
How can you help OneUnited make?
Visit their website and check out their different banking options. Although there may not be a branch near you, they do have internet banking solutions as well as mail options to help complete banking transactions. Each deposit, big or small, help to makes it possible for this bank to help build our communities through various loans. They may even be able to help you in the future with your patronage. Look into it, and support something positive!
