Join The #BankBlack Movement.


#BankBlack:Where To Find A Black Owned Bank Or Credit Union


 All banks are listed in alphabetical order. In order to be listed in the HBCU directory 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 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. 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?




Location: Birmingham, Alabama

Founded: January 28, 2000

FDIC Region: Atlanta

Assets: $35 404 000




Location: Los Angeles, California | Inglewood, CA

Founded: February 26, 1947

FDIC Region: San Francisco

Assets: $385 055 000




Location: Savannah, Georgia

Founded: January 1, 1927

FDIC Region: Atlanta

Assets: $41 573 000




Location: Atlanta, Georgia

Founded: June 18, 1921

FDIC Region: Atlanta

Assets: $392 286 000




Location: Newark, New Jersey

Founded: June 11, 1973

FDIC Region: New York

Assets: $340 301 000




Toll free number: 1.866.318.4980

[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.]  




Location: Mobile, Alabama

Founded: February 19, 1976

FDIC Region: Atlanta

Assets: $63 244 000




Location: Chicago, Illinois

Founded: June 20, 1977

FDIC Region: Chicago

Assets: $59,842,000




13-03B 40th Avenue

Long Island City, NY.


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.]





Location: Detroit, Michigan

Founded: May 14, 1970

FDIC Region: Chicago

Assets: $215 924 000




Location: Danville, Virginia

Founded: September 08, 1919

FDIC Region: Atlanta

Assets: $38 882 000




Location:Tuskegee, Alabama

Founded: October 11, 1991

FDIC Region: Atlanta

Assets: $63 127 000










Location: Chicago, Illinois

Founded: November 09, 1970

FDIC Region: Chicago

Assets: $84 948 000




Location: Chicago, Illinois

Founded: January 01, 1934

FDIC Region: Chicago

Assets: $140 148 000




Location: Washington, DC

Founded: August 18, 1934

FDIC Region: New York

Assets: $342 524 000




Liberty, one of the nation’s largest African-American-owned banks, has 20 branches in four states, including locations in Kansas, Mississippi, Louisiana and Texas. The Douglass National deal raises Liberty’s asset base to $545 million. 

Locations: New Orleans, Louisiana | Baton Rouge-Louisiana | Kansas City, Missouri | Dallas, Texas

Founded: November 16, 1972

FDIC Region: Dallas

Assets: $545,019,000




Location: Durham, North Carolina

Founded: March 01, 1908

FDIC Region: Atlanta

Assets: $304,809,000




Location: Milwaukee, Wisconsin

Founded: February 12, 1971

FDIC Region: Chicago

Assets: $91 490 000




In the past two years, we have financed over $100 million in loans – most in low to moderate income communities such as South Central, Compton, Liberty City and Roxbury. However, we never participated in subprime lending. We have always experienced low loan losses.

Our growth has been through acquiring community banks across the country that are equally dedicated to our mission including – Founders National Bank of Los Angeles, Family Savings Bank in Los Angeles, California, Boston Bank of Commerce in Boston,Massachusetts and People’s National Bank of Commerce in Miami, Florida.

Founded: August 02, 1982

FDIC Region: New York

Assets: $590 624 000




Location: Chicago, Illinois

Founded: January 02, 1965

FDIC Region: Chicago

Assets: $573,168, 000




Location: Philadelphia, Pennsylvania

Founded: March 23, 1992

FDIC Region: New York

Assets: $67 930 000




Location: Houston, Texas

Founded: August 01, 1985

FDIC Region: Dallas

Assets: $68 125 000

Source: FDIC

TriState Bank of Memphis Tenessee






UPDATE: December 1, 2015

AVANT CREDIT – is a solid financial institution. 800+ employees and $2 billion in assets. Over 350,000 satisfied borrowers have used Avant Credit to obtain personal and small business loans.

Avant Credit offers personal and business loans. We successfully negotiated special loan packages designed to help African Americans, small business owners, and those with “less than perfect credit”.

Loan amounts range from a minimum of $1,000 up to $35,000.00. Again, borrowers with less than perfect to even poor credit are accepted. *See the link below for loan application details. [https://www.avant.com/landing/ams?SubID=kj27883] HOW IT WORKS…— Loans from $1,000 to $35,000*

— Apply online.

— Funds deposited as soon as the next business day.

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— Use the money to pay off debt, go back to school, launch your business or whatever purpose you choose.

— No prepayment penalties.[I spent an entire year negotiating with financial institutions special programs designed to help my people get access to loans. Victory is here! Go for it. https://www.avant.com/landing/ams?SubID=kj27883

Published on Jul 25, 2016

Support the #BankBlack movement.

The #BlankBlack Movement.

#BankBlack Movement Rapidly Spreads Across America After The Recent Police Shootings

How black-owned banks are cashing in on a protest movement

In a time of racial unrest, some African Americans have turned to an alternative protest movement: They’re moving their money into black-owned banks.

Black Americans worried about their communities are discovering how to put their money where their mouth is: open an account at a black-owned bank.

The black banking represents not only an economic protest movement, but also an intentional shift back toward building a community from the local level.

“I think it’s a very positive effort to get the community to step up and say look, nobody is going to support us if we don’t support ourselves,” Michael Grant, president of the minority trade organization National Bankers Association, told the Atlanta Black Star. “Let’s start giving support to our own institutions, let’s support our historically black colleges, let’s support our businesses, let’s support our banks.”

The impetus came from a black rapper in Atlanta known as Killer Mike. He called into a town hall meeting on MTV on July 8 after recent protests over officer-involved shootings of black men in Louisiana and Minnesota. He urged black Americans to protest with their pocketbooks by depositing their money in black-owned banks.

“We cannot go out in the street and start bombing, shooting, and killing,” the rapper Michael Render said during the town hall event. “I encourage none of us to engage in acts of violence that will cause more peril to our community and others that look like us. I encourage us to take our warfare to financial institutions.”

Citizen’s Trust, a black-owned bank networkthroughout Atlanta and Georgia, received applications for 8,000 new deposit accounts in less than a week.

“We have seen an influx of new accounts and visits and applications, but there’s a big difference between applications and accounts,” marketing Director Diedra St. Julien told the Atlanta Journal Constitution. “This is remarkable.”

Bank officials said on Twitter people were waiting to get in during the next few days of the rush, and the bank’s president thanked the rapper for the business.

Small, locally owned banking institutions were once a strong source of support for smaller communities regardless of race, but they began to decline in the mid-20th century. The concept of the black-owned, local bank began in 1865 as a means of helping African-Americans receive the loans they needed to build businesses. Black-owned banks totaled 130 at the beginning of the 20th century, but their number has since declined to 22, alongside that of banks generally and small, community-centered banks in particular, the Atlanta Black Star reported.

Even Citizens Trust, one of the country’s largest black-owned banks, had seen deposits decline in recent years, but the last few months have been up, the Atlanta Journal Constitution reported. The spike of 8,000 deposit accounts would have contributed a minimum of $800,000, assuming each account holder deposited only $100.

The rapper Killer Mike has supported a shift into black-owned banks even before the MTV event, saying it will increase accountability and increase the ability of black communities to build.

“Bank small, bank local, bank black,” he said in February, according to Rolling Out. “Gone are the days of most banks knowing their account holders. I can walk in here and voice my concerns, my complaints — or my compliments — to a live person. . . . We are quick to say what we don’t have, but here is a black institution, 95 years strong and poised to grow, that is supporting the community.”

Mr. Grant of the National Bankers Association told USA Today that black-owned banks around the nation are “getting volume that you would not believe,” a move he applauded.

“If we’re going to be considered first-class citizens and respected in this country, we’re going to have to take control of our economic destiny,” Mr. Grant told the Atlanta Black Star.

If this mode of economic protest becomes a trend, it could create a resurgence in local banking. It need not represent a boycott of all other institutions per se, but it is a pointed move by black Americans toward building up black institutions.

“If we can bring together our economics collectively, we can help businesses grow, we can help people obtain home loans. That brings them closer to the American dream,” Executive Vice President of Citizens Trust Bank Frederick Daniels Jr. told USA Today. “We’re providing a tangible solution for those who want action.”


‘Black Dollars Matter’: Bank-Ins May Be The Way to Empowerment

According to the president of OneUnited Bank, which bills itself as the first black-owned internet bank, after the wake of recent protests over police-involved deaths of black men, business has increased tenfold.

“We’ve had a surge,” said Teri Williams, OneUnited’s president. “When I say surge, I mean people lined up outside the door of our branches to open accounts.”

Her bank is not alone.

After the shootings of Alton Sterling and Philando Castile, black activists nationwide organized boycotts of major banks and retailers — including an economic boycott of a Baton Rouge mall and Walmart the weekend of Sterling’s death. Activists have called on African-Americans to patronize black-owned stores and banks, to use the hashtags #BankBlack challenge and #MoveYourMoney, and to circulate a mass text thread to engage citizens.

And, in a seemingly unrelated Facebook movement, activists, called on more than 8,000 people to participate in “Day of Absence Pt. 1,” encouraging its following to restrict purchasing goods from select retailers and restaurants and essentially any businesses that are not minority-owned.

“It is high time that we stop talking about our purchasing power and show our true value in all areas of life,” the Facebook page stated.

Such efforts, black business owners say, have resulted in an uptick in business.

“As we say internally,” Williams said of her bank staff’s mantra, “black dollars matter.”

Black buying power has a major influence on America’s economy. The 2015 Multicultural Economy Report from the University of Georgia’s Selig Center for Economic Growth estimated black buying power to be $1.2 trillion in 2015, with potential to reach $1.4 trillion in 2020.

These numbers and the recent galvanization on social media helped lead to OneUnited’s #BankBlack challenge, which encourages banking with black-owned banks.


“Every community spends money within their community,” Williams said. “For whatever reason when it’s us, it’s considered to be radical. We really do need to be unapologetically black.”

RELATED: Black Lives Matter Has Shifted National Debate, Despite Controversial Reputation

Rapper Killer Mike has been a strong advocate for African Americans to move at least portions of their money to black-owned banks to stimulate economies in those communities. The Atlanta native is particularly fond of Citizens Trust Bank, a black-owned bank in his hometown.

“What I would like to see happen is one million people instead of buying Jordans or caps or whatever thing is cool this month,” he said, “one million black people find one black banking institution,” Killer Mike said at the “What Now” town hall hosted by MTV and BET.

Over the past week, Citizens Trust received about 8,000 applications for new accounts and they’ve opened 2,200 of those accounts according to the bank’s President and CEO, Cynthia N. Day.

“We’re extremely excited that people are galvanizing around this cause (and) want to join us on this journey and our mission to create a better economic situation for our community,” said Day.

Solange is another celebrity supporting black owned banks. She released a list of 21 black banks nationwide. After joining protests in Louisiana, she that she made the personal decision to move her money into a black bank.


“While I realize this is a very personal decision and thing to share,” Solange’s caption reads, “I’m proud to say I made that step today. Time to literally put my money where my mouth is.”

The boycotts have met with mixed results.

Rev. Reginald Pitcher, former president of the Baton Rouge Chapter of the Southern Christian Leadership Conference (SCLC) proposed a selective boycott targeting a small portion of businesses at a time —fast food one day, department stores the next, for example.

But while community leaders coordinated the boycotts in Baton Rouge, other boycott movements had neither a pinpointed organizer nor much explanation behind why certain businesses were being targeted through messages spread through social media and text threads.

Bank on Black_HeroImage_1024x380

People like author Maggie Anderson, are asking for more information on strategy and procedure before completely backing the economic boycott of major retailers. She thinks that economic boycotts should be methodical and calculated, in the way of Martin Luther King Jr.

“I will not boycott big companies just because they are big and ‘white,’ without doing any research about which ones we should target, without having any strategy or specific demands,” Anderson said.

“That’s ridiculous to me and dishonors the tradition of Dr. King and Medgar Evers, who was also slain after he led boycotts of those specific Mississippi businesses that denied service to Blacks.”

Anderson underscores the need for strategic boycotts because some mass retailers employ black executives, do business with black professional firms, support black chambers and civic and professional groups, and fund historically black college and universities. Boycotting those places could then hurt many employees and entrepreneurs from the black community, Anderson adds.

“That’s not intelligent,” Anderson said, “that’s emotional.”

Anderson recognizes that there is a place for emotion, as she empathizes with and hurts for the families who have lost their loved ones, so long as it’s organized.


A Movement to Put Black Banks in the Black

The #BankBlack national trend in which African Americans are responding to calls for depositing funds into Black-owned financial institutions has gained momentum, but is it more than just a hashtag?

t started with an emotional cry from rapper Killer Mike in the wake of the police shooting deaths of Alton Sterling and Philando Castile:

“We need one million people in Atlanta to take $100 out of their existing accounts, put $100 into a Citizens Trust [Bank] account…take that $100 million and promise $15,000 to $18,000 loans for Black businesses or small homes,” the MC said on Atlanta’s Hot 107.9.

People not only tuned in to hear his call, they listened, launching a nationwide trend in which African American-owned banks are seeing significant increases in new accounts.  This might mark the beginning of a new type of Black economic power movement encapsulated by simple social media hashtags like #BankBlack and #MoveYourMoney.

Killer Mike singled out the Atlanta-based Citizens Trust, an institution he publicly supported earlier this year through various events, but the rallying cry is positively affecting many other Black banks nationwide.  It is also apparently deriving energy from the Black Lives Matter movement and from people who wish to have a tangible, long-lasting impact outside of demonstrations and marches.

Banks like Seaway Bank & Trust in Chicago, Commonwealth National Bank in Mobile, Ala., City National Bank in Newark, N.J. and Boston-based OneUnited Bank all say they are benefiting from the movement. Partly driven by Killer Mike’s call and also by the calls of other celebrities, including Solange Knowles and Jesse Williams, the point is for African Americans to be more aware of who holds their dollars.

The result with Citizens Trust alone has been 8,000 new applications in the space of a week and as many as 2,300 new accounts and growing, according to the bank’s president and CEO, Cynthia Day.

“Recent happenings have caused an awakening,” said Day, whose bank board once included Black economic power advocate the Rev. Martin Luther King Sr. “This is a productive part of the conversation. People are reigniting the movement, but I call it revitalizing the core of the communities where we live. We feel very inspired and motivated by the awareness that people are understanding the importance of economics.”

As assets grow for the bank, it enables them to lend more money to small businesses, potential homeowners and others who will then reinvest that cash back into the community, cyclically compounding Black wealth.

“This is something we’ve been saying for a number of years,” said Day. “It’s wonderful that people are starting to get it.”

Jay Bailey, chairman of the Citizens Trust Next Generation Advisory Board, says what is happening is really about creating a lasting statement.

“If we took a 95-year-old, $400 million bank and turned it into a $1 billion bank it sends a message,” he said. “People are angry and they are thinking about what will last longer than the latest protest.”

But the effect of the #BankBlack movement isn’t limited to Citizens Trust. Michael Grant, president of the National Bankers Association, a non-profit trade organization that advocates for minority and women-owned financial institutions, said the financial phenomenon is something that has been brewing for quite some time.

“Killer Mike tapped into an undercurrent,” said Grant. “So the killings that people are talking about were catalysts that caused a volcanic eruption, but the lava was already boiling.”

Financial empowerment, Grant said, is the next phase of Black America’s centuries long evolution in which many had preached the gospel of economic independence.

“Once we got civil rights, the toxic side effect was we directed our money outside of the community more,” he explained. “But there’s been a yearning for decades to get it together economically.

“You’ve got your civil rights, your laws are protecting you. You have the same rights as anyone else,” Grant continued. “So what’s next? It’s time to take responsibility for our own survival in terms of economics. We can’t expect the majority to take care of our needs. Who’s responsible for the economic condition of Black people in America? It’s us.”

Despite the influx of cash to banks like Citizens Trust and the positive trend that many have waited years for, Black banks have a long way to go in order to catch up with other minority-owned financial institutions.

According to FDIC figures, of 162 banks that self-identify as Minority Depository Institutions (MDIs), only 24 are Black-owned.  That’s down from 44 in 1986. Collectively, the entire group of MDIs carries $199 billion in assets, while the Black banks combined hold just under $6 billion. Of those, the two largest are Carver Federal Savings Bank with $743 million in assets, followed by OneUnited Bank with $621 million.

By comparison, the two largest banks on the MDI list are the Asian-American-owned East West Bank, with $33 billion in assets and the Hispanic-American-owned Banco Popular de Puerto Rico with $27 billion. The nation’s two largest banking entities are JPMorgan Chase with $2.4 trillion in assets and Bank of America with $2.1 trillion.

That’s quite a gap for a Black population of 42 million that has more than $1 trillion in collective buying power in an America with a gross domestic product of $18 trillion.

But the gap will widen if Black financial institutions are not strengthened. In fact, it could be disastrous, says Ken Smikle, president of Target Market News, a Chicago-based news and information company that monitors African American consumer trends.

“We have to at the minimum make sure that [Black banks] are able to attract sufficient numbers of deposits from new and old customers to maintain the FDIC minimum requirements,” he said, noting that the new trend is positive. “It’s extremely encouraging.”

“I think that gives everyone a reason to be optimistic about the future,” Smikle added. “Not only Black financial institutions, but the customers that they and sometimes only they serve.”

Smikle, who puts out the annual “Buying Power of Black America” report, remarked that the shock of recent police violence is something that typically serves as a crisis catalyst, pushing African Americans into action.

“This is our way of marketing to our folks,” he explained. “It has to come with messages that contain a sense of urgency. We don’t have the resources to politely ask folks to patronize our businesses when we are up against multibillion dollar competitors like Bank of America and Citibank who are just as desperate to have those same Black customers.

“We are living in a different era,” Smikle said. “Marketing to Black consumers by Black institutions has to be more aggressive and tied to our common mission and common survival.”

The call for Black people to invest in their own community is not new. As far back as Reconstruction, the drum has been beaten for economic self-awareness. The Freedman’s Trust Bank was established by Congress for the deposits of the formerly enslaved in 1864. It only lasted 10 years, but it spawned others like Maggie Walker to call for Blacks to save and invest their money in themselves and open up what became Richmond, Virginia’s Consolidated Bank and Trust in 1903 (now merged into Premier Bank).

Eventually other Black banks emerged, which allowed African Americans to borrow the cash needed to open businesses, buy homes and employ each other as was (and still is) the trend for most American ethnic groups. Banks of note include Capital Savings Bank in Washington, founded in 1888 (closed in 1902). But others continue to survive today including Mechanics and Farmers Bank in Durham, N.C., founded in 1907; Carver Federal Savings in New York, founded in 1949;  First Independence Bank in Detroit, founded in 1970; and Liberty Bank in New Orleans, founded in 1972.

Like other banks, the Black-owned institutions rode the economic ebb and flow of the country. Between the end of the Civil War and the Great Depression, as many as 134 of the Black banks had opened, according to the Federal Reserve Bank of Richmond, and many have struggled to keep their doors open up to the present day.

What Killer Mike tapped into is undoubtedly a step in the right direction for Black banking and the Black community. Social media and Internet technology has simplified the call to action, said Teri Williams, president and chief operating officer of OneUnited Bank.

“With technology we can do it all online and we can amass all our dollars and channel all our dollars into the community,” she explained. OneUnited has attracted $3 million in deposits since the call to action, Williams said, adding that the call has the potential to turn into one of the biggest economic mass actions since the Montgomery Bus Boycott.

“I think this is that big,” she said. “We will see it evolve before our eyes. I see it with people who are lined up at our branches to open accounts. This is taking an action that is positive and at the same time expressing a no-confidence vote in the paradigm in terms of how Black people are treated in this country.

“It would be transformative,” Williams continued. “It would allow us as a community to have a seat at the table.”

Madison J. Gray is Managing Editor of EBONY.com and JETMag.com. Follow him on Twitter @madisonjgray.


Black Wall Street: Now & Then, Black Banks Received No Community Funds- Why?

“Out of $3.5 billion given for community development, not one black bank was awarded”

Out of all the communities deserving of finally being given some form of repayment, I don’t understand how not one Black bank saw any money just as a fact…but especially given all that America is because of slavery; because of Black men who built the White House, the Capitol and never saw a cent. The cruel, inhumane and unfathomable tortures of slavery – slavery that to this day is going on just with a new name (war on drugs- prison- prison work-another blog).

In 2013 the Oklahoma police chief made an apology for the devastating jealous, racist, fatal theft the white people of his town started in Tulsa, OK or Greenwood, aka Black Wall Street in 1921. Read more about that here. 

The main issue I see is; where is the money to help rebuild the beautiful homes and businesses the Black community had in Greenwood, or Tulsa? America seems to think they can take from the Black community and never repay, so long as eventually an apology is given.

I am glad he apologized; but if you are truly sorry, why isn’t action being taken to rebuild what was stolen in the jealous white riot?

Back to the money for community development and not one dime being given to help better the Black community… 

The reason Black Wall Street was burned is because whites were jealous and afraid. Afraid because they rode all this way on Black peoples work; never doing it for themselves. That’s the only thing I can figure from their simple minded, insane “brains”. They are jealous and afraid of the real men stepping up. Why, I’m not sure- but the fact that they are so scared shows how powerful an educated Black male is. They tried to divide and conquer under Hoover. FBI cointelpro.

The CIA admits putting drugs and guns into the Black community.

I hope with all my soul this will fuel you to become a success; there is more to life than the lies they have put before us. Rebuild Black Wall Street; I hope I am alive when it is done; I can’t wait to see the Black community rise up and stay up!

But knowing what we do, perhaps that answers the why to the bettering of communities money not reaching one Black bank.

Banks owned by minorities are claiming that the federal government has blocked them out of tax credits that were intended to support economic development in neglected and underserved communities. They are raising their protests in the face of the distribution of funds by the Community Development Financial Institutions (CDFI) – an arm of the Treasury Department – which took place last month.
Click here to continue reading 

Dr Martin Luther King Jr Boycott White Business Buy Black Invest In Black Business

Malcolm X- Set Up Our OWN!!!!

Published on May 20, 2014

The MOST powerful and important documentary on the socioeconomic issue. We need your help black people. Let us get this issue out in public of black economics and ownership. Donate your monetary, resources, or time to spread the word.

Recognize The Power of Black America

I’ve said for years now, Negroes have an accumulated total wealth of  $1.3 Trillion…. with a “T.” Instead of marching, singing hymns, and protesting, boycott. BOYCOTT. If Negroes who have their banking business with caucasin European banking establishments were to just move those accounts to a Negro Owned Bank….move your insurance policies from a white owned insurance company to a Negro Owned Insurance company……We Negroes could rule the world.

cropped-blacklivesmatter-banner-clf.jpg !!!!!!!!themilitantnegrobanner

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