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    Directory of Black Owned Banks and Credit Unions in the United States Featured

    Black-owned banks in the U.S. were once a financial haven for African-Americans at a time when discrimination in the industry was common. Today, these banks function as engines for economic revitalization in often-distressed communities. But their numbers are in decline, and we, as a people are trying to change that.

    In recent years, black-run banks have struggled financially. They took a bigger hit from the housing crisis than the banking industry at large, as communities they served suffered higher-than-average job losses and home foreclosure rates.

    In 2007, prior to the recession, there were 41 banks with majority African-American ownership. There were 44 in 1986, the year Congress passed a law designating February as National Black History Month. Today, the number of black-owned banks has fallen to just under 24 institutions.

    In order to make our list, the bank must have at least 51 percent African American ownership. You can click on the bank name to go directly to their website.

    There are 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 less than 24 according to the Federal Reserve.

    Wake up, Black people! If you don't put dollars in your own banks which are there to serve the unique needs of our community, who will?

    For errors and omissions, please email This email address is being protected from spambots. You need JavaScript enabled to view it.

    (These banks are currently serving minority communities and are greater than 50% black-owned)

    If viewing on a mobile device, after selecting the state, scroll to the bottom of the screen to see the results.


    ALABAMACALIFORNIADISTRICT OF COLUMBIAFLORIDAGEORGIAILLINOISKANSASKENTUCKYLOUISIANAMARYLANDMASSACHUSETTSMICHIGANMISSISSIPPIMISSOURINEW YORKNORTH CAROLINAPENNSYLVANIASOUTH CAROLINATENNESSEETEXASVIRGINIAWISCONSIN

    Alamerica Bank

    AlamericaBank

    Location: Birmingham, Alabama
    Website: Alamerica Bank
    Founded: January 28, 2000
    Assets: $35 404 000
    FDIC Region: Atlanta

    This bank in Birmingham, Alabama provides a unique banking experience for underserved communities. Their staff of experienced bankers is committed to providing quality and personalized service, offering a full array of banking services, from deposit accounts to loans.

     

    Commonwealth National Bank

    CommonwealthNationalBank

    Location: Mobile, Alabama
    Website: Commonwealth National Bank
    Founded: February 19, 1976
    Assets: $63 244 000
    FDIC Region: Atlanta

    At this bank in Mobile, Alabama, they believe that your business is unique and so your bank should be too. They offer free online banking with no minimum daily balance required and a variety of business accounts designed to help you maximize your banking experience.

    LIBERTY BANK

    LibertyBankTrustCompanyWebsite: LIBERTY BANK
    Locations:
    Branches in Tuskegee and Montgomery, AL
    Founded:
    November 16, 1972
    Assets: $545,019,000
    FDIC Region: Dallas

    CITIZENS TRUST BANK

    CitizensTrustBank Logo

    Citizens Trust Bank has branch locations in Eutaw and Birmingham, AL.

    Website: CITIZENS TRUST BANK
    Location: Birmingham, AL
    Founded: June 18, 1921
    Assets: $392 286 000
    FDIC Region: Atlanta

    BROADWAY FEDERAL BANK FSB

    BroadwayFederalBank

    Website: BROADWAY FEDERAL BANK FSB
    Location: Los Angeles, California | Inglewood, CA
    Founded: February 26, 1947
    Assets: $385 055 000
    FDIC Region: San Francisco

    Broadway Federal Bank: Based in Los Angeles, California, this Black-owned bank aims to serve the real estate business and financial needs in underserved urban communities. They especially aim to meet the needs of minority consumers who want to take out conventional loans.

    ONE UNITED BANK

    oneunited

    Website: ONE UNITED BANK
    Location: Los Angeles, CA
    Founded: August 02, 1982
    Assets: $590 624 000
    FDIC Region: New York

    OneUnited Bank – the nation’s largest Black-owned and FDIC insured bank – is leading the movement to BankBlack® and Buy Black, to garner our spending power and channel it back into our community to create jobs, build businesses and increase wealth. Yes…Black Lives Matter. Black Money Matters.

    Our growth has enabled us to invest in people and technology to offer better services to our customers, including online banking services, personal banking servicesbusiness banking and more. We also promote financial literacy by conducting workshops for adults and children. We are proud to be the premier bank for the new America.

    One United Bank has branch locations in ComptonGardena, and Lynwood, CA., Miami FL., Boston MA., Roxbury, MA., and Dorchester, MA.

    INDUSTRIAL BANK

    industrialbank

    Website: INDUSTRIAL BANK
    Location: Washington, DC
    Founded: August 18, 1934
    Assets: $342 524 000
    FDIC Region: New York

    Headquartered in Washington, DC with branch locations in Oxon Hill and Forestville, MD, this bank has delivered essential banking and financial services since 1934 that have contributed greatly to the growth and development of the local Black community.

    HOWARD UNIVERSITY CREDIT UNION

    HUCU

    Website: HOWARD UNIVERSITY CREDIT UNION
    Location: Washington, DC
    Founded: 
    Assets: 
    FDIC Region:

    AXIOM BANK
    Axiom Banklogo shadow

    Website: AXIOM BANK
    Location:  MaitlandFL
    Founded: January 1, 192
    Assets: $537 131 000
    FDIC Region: Florida

    Headquartered in Central Florida, this bank is a nationally chartered community bank that serves the financial needs of its customers through a wide range of financial products and services. Axiom Bank, N.A. provides retail banking services, including checking, deposit, and money market accounts, through 23 branch locations, 22 of which are located inside select Walmart Supercenters®.(Note: This bank was Black-owned for many years as Urban Trust Bank and even earlier as Metro Savings Bank. Although they are no longer Black-owned, they are a solid, growing community bank that supports urban communities.)

    ONE UNITED BANK

    oneunitedWebsite: ONE UNITED BANK
    Location: Miami, FL.
    Founded: August 02, 1982
    Assets: $590 624 000
    FDIC Region: New York

    One United Bank has branch locations in ComptonGardena, and Lynwood, CA., Boston MA., Roxbury, MA., and Dorchester, MA.

    CARVER STATE BANK

    CarverStateBanklogo

    Website: CARVER STATE BANK
    Location: Savannah, Georgia
    Founded: January 1, 1927
    Assets: $41 573 000
    FDIC Region: Atlanta

    Established in 1927 in Savannah, Georgia, this Black-owned bank has remained a financial services leader for all sectors of the Savannah community throughout its 85 years and is the only bank in the area with an outstanding Community Reinvestment Act Rating.

    CITIZENS TRUST BANK

    CitizensTrustBank Logo

    Website: CITIZENS TRUST BANK
    Location: Atlanta, Georgia
    Founded: June 18, 1921
    Assets: $392 286 000
    FDIC Region: Atlanta

    Since their beginning in 1921, this Atlanta, GA-based bank has responded to market shifts by expanding their electronic platform while still providing the personal touch service that makes them unique to their customers. Thanks to an online #BankBlack social media campaign in July 2016, more than 8,000 new accounts were opened at their branch in just one week.

    CREDIT UNION OF ATLANTA

    logo about cua

    Website: CREDIT UNION OF ATLANTA
    Location: Atlanta, Georgia
    Founded: 1928
    Assets: $79,729,087
    CO-OP Shared Branches: Nationwide

    Toll-free number: 1.866.318.4980

    The Credit Union of Atlanta was founded in 1928, just before the Great Depression. Through times of great financial strength and also financial strife, Credit Union of Atlanta has maintained stability and security by providing unmatched service to you, our members.

    1ST CHOICE CREDIT UNION

    1stchoiceCU

    Website1ST CHOICE CREDIT UNION 
    Location: 
    Founded: 
    Assets: 
    FDIC Region:

     

    OMEGA PSI PHI FRATERNITY FEDERAL CREDIT UNION

    OMegPsiPhi

    Website: OMEGA PSI PHI FRATERNITY FEDERAL CREDIT UNION
    Location:  Lawrenceville, GA
    Founded: 1986
    Assets: 
    FDIC Region:

     

    ILLINOIS SERVICE FEDERAL SAVINGS & LOAN

    isfb logo

    Website:  ILLINOIS SERVICE FEDERAL SAVINGS & LOAN
    Location: Chicago, Illinois
    Founded: January 01, 1934
    Assets: $140 148 000
    FDIC Region: Chicago

    Based in Chicago, this bank aims to be a viable, growing, community development financial services institution responding innovatively to their primarily underserved and minority constituency with superb customer service.

    LIBERTY BANK

    LibertyBankTrustCompanyWebsite: LIBERTY BANK
    Locations: Branches in Chicago, IL.
    Founded: November 16, 1972
    Assets: $545,019,000
    FDIC Region: Dallas

    LIBERTY BANK

    LibertyBankTrustCompanyWebsite: LIBERTY BANK
    Locations: Branches in Kansas City, KS.
    Founded:
     November 16, 1972
    Assets: $545,019,000
    FDIC Region: Dallas

    METRO BANK 

    metrobanklogo

    Website: 
    Location: 
    Founded: 
    Assets: 
    FDIC Region:

    Based in Louisville, Kentucky, this Black-owned bank works to provide an opportunity where before there was none – whether it is their involvement in a multi-million dollar New Markets Tax Credit project, or a start-up business loan to an entrepreneur providing a much-needed service in an underserved neighborhood.

    LIBERTY BANK

    LibertyBankTrustCompany

    Website: LIBERTY BANK & TRUST COMPANY
    Location: New Orleans, LA | Baton Rouge LA | Kansas City, KS | Kansas City, MO | Chicago, IL | Tuskegee and Montgomery, AL | Detroit, MI |  Jackson, MS
    Founded: November 16, 1972
    Assets: $545 019 000
    FDIC Region: Dallas

    Primarily based in New Orleans and Baton Rouge, Louisiana, this bank has a sincere focus on service, integrity and a sincere interest in community and business development. Over the past four decades, they have also expanded to more than 18 branches in six states – including Kansas, Mississippi, Michigan, Missouri, Alabama, and Illinois. 

    ATM Locations in NEW ORLEANS, LA BATON ROUGE, LA JACKSON, MS, KANSAS CITY, KS, CHICAGO, IL, TUSKEGEE, AL, MONTGOMERY, AL,.

    HARBOR BANK OF MARYLANDharborbankofmaryland

    Website: 
    Location: 
    Founded: 
    Assets: 
    FDIC Region:

    Opening its doors in 1982, this bank primarily serves the Baltimore metropolitan area and offers checking, savings, time deposits, credit cards, debit card, commercial real estate, personal, home improvement, automobile, and other installment and term loans. They also have a branch in Riverdale, MD, PG County.

    Opening its doors in 1982, this bank primarily serves the Baltimore metropolitan area and offers checking, savings, time deposits, credit cards, debit card, commercial real estate, personal, home improvement, automobile, and other installment and term loans. They also have a branch in Riverdale, MD, PG County.

    INDUSTRIAL BANK

    industrialbank

    Website: INDUSTRIAL BANK
    Location:  Oxon Hill and Forestville, MD
    Founded: August 18, 1934
    Assets: $342 524 000
    FDIC Region: New York

    ONE UNITED BANK

    oneunited

    Website: ONE UNITED BANK
    Location: Boston, MA.
    Founded: August 02, 1982
    Assets: $590 624 000
    FDIC Region: New York

    One United Bank has branch locations in ComptonGardena, and Lynwood, CA., Miami, FL., Roxbury, MA., and Dorchester, MA.

    The first Black internet bank and the 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 their community development lending ten times, and they are a designated Community Development Financial Institution (CDFI).

    FIRST INDEPENDENCE BANK

    FirstIndependenceBank

    Website: FIRST INDEPENDENCE BANK
    Location: Detroit, Michigan
    Founded: May 14, 1970
    Assets: $215 924 000
    FDIC Region: Chicago

    Based in Detroit, this bank was established in the 1970’s to serve the financial needs of the urban community, its businesses, and its citizens. They say that no line of financial services is beyond their charter as long as they are serving the financial needs of businesses and families in the Black community.

    LIBERTY BANK

    LibertyBankTrustCompany

    Website: LIBERTY BANK
    Locations:
     Branches in Detroit, MI.
    Founded:
     November 16, 1972
    Assets: $545,019,000
    FDIC Region: Dallas

    LIBERTY BANK

    LibertyBankTrustCompany

    Website: LIBERTY BANK
    Locations:
     Branches in Jackson, MS.
    Founded:
     November 16, 1972
    Assets: $545,019,000
    FDIC Region: Dallas

    LIBERTY BANK

    LibertyBankTrustCompany

    Website: LIBERTY BANK
    Locations:
     Branches in St. Louis, MO.
    Founded:
     November 16, 1972
    Assets: $545,019,000
    FDIC Region: Dallas

    CITY NATIONAL BANK

    CityNationalBankofNewJersey

    Website: CITY NATIONAL BANK
    Location: Newark, New Jersey
    Founded: June 11, 1973
    Assets: $340 301 000
    FDIC Region: New York

    Primarily based in Newark, NJ with branch locations in Harlem and Brooklyn, NYC, this Black-owned bank plays a pivotal role in strengthening urban communities. They call themselves a forward-thinking financial institution whose mission is to build economic strength and improve the quality of life within urban communities by providing the highest quality financial services, including low-cost business loans.

    CITY NATIONAL BANK

    CityNationalBankofNewJersey

    Website: CITY NATIONAL BANK
    Location:  Harlem and Brooklyn, NY.
    Founded: June 11, 1973
    Assets: $340 301 000
    FDIC Region: New York

    (See City National Bank, which has it's office locations in Newark, New Jersey.)

    URBAN UPBOUND FEDERAL CREDIT UNION

    urban upboundWebsite: Urban Upbound Federal Credit Union
    Location: Long Island City, NY
    Founded: 2010
    Assets: $785,000
    FDIC Region: New York

    The Urban Upbound Federal Credit Union: An Economic Anchor In 2010, Urban Upbound, then known as ERDA, mobilized residents to bring a credit union to public housing neighborhoods in Long Island City.  At the time it was the first credit union to open in Queens in 30 years.

    Today the Urban Upbound Federal Credit Union provides capital, credit-building loans, and other asset-building services. 
    Its members, comprised largely of public housing residents, enjoy an ownership stake. A source of community pride, the Urban Upbound Credit Union’s rallying cry is “I Own It!”

    What’s more, by keeping assets locally owned and controlled, the Credit Union is an economic anchor. It is helping to ensure that as Long Island City continues to change, that growth benefits all residents. 

    MECHANICS & FARMERS BANK:

    MechanicsFarmersBank

    Website: MECHANICS & FARMERS BANK
    Location: Durham, North Carolina
    Founded: March 01, 1908
    Assets: $304,809,000
    FDIC Region:Atlanta

    Founded in 1907, this bank is the 2nd oldest minority-owned bank in the United States. They have branches in Winston-Salem, Durham, Raleigh, Greensboro, and Charlotte, and most of their deposits are recycled back into urban communities.

    UNITED BANK OF PHILADELPHIA

    UnitedBankofPhiladelphia

    Website: United Bank of Philadelphia
    Location: Philadelphia, Pennsylvania
    Founded: March 23, 1992
    Assets: $67 930 000
    FDIC Region: New York

    Based in the city of Philadelphia, this Black-owned bank says that all deposits stay right in the community in a cycle of community, inclusivity, and opportunity. They offer affordable banking services to individuals, families, small businesses, and non-profit organizations.

    South Carolina Community Bank:

    SCCommBank

    Website:
    Location:
    Founded:
    Assets:
    FDIC Region:

    Based in Columbia, SC, this Black-controlled bank offers a select range of high priority personalized products and services to traditionally underserved communities, including small to medium-sized businesses,

    CITIZENS SAVINGS BANK &TRUST COMPANY:

    Citizens Savings Bank Trust

    Website: CITIZENS SAVINGS B&T COMPANY
    Location: Nashville, TN
    Founded: January 16, 1904
    Assets:  $106,728 000
    FDIC Region:

    With branch locations in Nashville and Memphis, TN, this community bank provides friendly and personal service to both individuals and small businesses. They are an equal opportunity employer with 32 full-time employees, 3 convenient offices and approximately $100 million in total assets.

    TRI-STATE BANK OF MEMPHIS:

    Tri StateBankofMemphis

    Website: TRI-STATE BANK OF MEMPHIS
    Location: Memphis, TN
    Founded:  December 16, 1946
    Assets: $102 444 000
    FDIC Region: Dallas

    With three branch locations throughout the Memphis area, this a community bank has proudly served the urban community for over 65 years and have a history of leadership, concern, and commitment.

    The mission of Tri-State Bank of Memphis is to change and improve the economic conditions of our community by delivering financial products and services in a professional and personal manner, providing access to capital to underserved populations, and offering the tools and support necessary to help members of our community realize their dreams. Our leadership, concern and commitment are expressed by conscientiously preserving our cherished cultural foundations of faith, family, education, enterprise and benevolence.

    UNITY NATIONAL BANK OF HOUSTON:

    Unity National Bank of HoustonWebsite: UNITY NB OF HOUSTON
    Location: Houston, Texas
    Founded: August 01, 1985
    Assets: $84 206 000
    FDIC Region: Dallas

    Based in Houston, Texas, with a branch also in Missouri City, this Black-owned bank creates opportunities to help people and businesses grow and enhance the quality of life. They do that through service and services that respect their time, make banking easier and keep them financially competitive.

    FIRST STATE BANK:

    first state bank vaWebsite: FIRST STATE BANK:
    Location: Danville, Virginia
    Founded: September 08, 1919
    Assets: $32 884 000
    FDIC Region: Atlanta

    Chartered in 1919 in Danville, VA, this locally-owned and operated bank provides the personal touch to banking services. From checking and savings products to loans and other financial investments, they offer a variety of options to fit your needs.

    COLUMBIA SAVINGS & LOAN ASSOCIATION:

    ColumbiaSavingsLoans

    Website: COLUMBIA SAVINGS & LOAN ASSOCIATION 
    Location: Milwaukee, Wisconsin
    Founded: January 1, 1924
    Assets:  $24 424 000
    FDIC Region: Chicago

    Based in Milwaukee, WI, this is the oldest Black-owned financial institution in the state, and they have been serving commercial and individual accounts to urban customers since 1924. They offer checking accounts, and consumer and business loans.

    BLACK MINORITY DEPOSITORY INSTITUTIONSTOP BLACK SAVINGS ACCOUNTSTOP BLACK CREDIT CARDSBLACK SECOND CHANCE ACCOUNTSSECOND CHANCE CREDIT CARDS & LOANSTOP BLACK CREDIT UNIONSTOP CREDIT UNIONS ANYONE CAN JOIN

    BLACK MINORITY DEPOSITORY INSTITUTIONS

    (These banks continue serving minority communities but are NOT greater than 50% black-owned)

    Broadway Federal Bank - Los Angeles, CA

    Carver Federal Savings - New York, NY

    Urban Partnership Bank - Chicago, IL

    TOP CREDIT UNIONS ANYONE CAN JOIN

    (These are NOT black institutions, but they are consumer-friendly nonprofit CUs)

    Alliant CU - Chicago, IL ($10 donation to join, ATM rebates)

    Top Credit Unions Anyone Can Join - Kiplinger's

     

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