A List of Black Owned Banks in the USA
The history of black owned banks in the USA has been long and illustrious as well as challenging at times. At this point in history, banking black creates the next question. How can we use a black bank? Is there the name of a black owned bank near me, if you do a google search. There is a new movement to #buyblack in the United States of America. As a part of that movement we wanted to give a list of USA black owned banks and USA black owned credit unions in the United States.
What is a Credit Union?
A credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union.
With all of the options available to bank black and with blacks putting money in black owned banks the question can now be asked:
- Have new accounts increased at black owned banks?
- Has the percentage of new accounts increased at the top online black owned banks for consumers?
- Is there a list of black owned and operated banks in the USA?
Black Owned and Operated Banks in the USA
You need to take advantage of the many online locations, atm’s and physical locations that are safe, secure and easy to use. The banks are listed in no particular order. It’s good to use any of these banks to build a good credit score!
At Blerdplanet.com, we are always adding to the names of the black owned banks and black owned financial institutions that exist in the United States. All savings accounts are insured up to $250,000 by the NCUA, the National Credit Union Administration, an agency of the federal government.