Black-owned banks and credit unions generally serve African Americans compared to other financial institutions. A primary goal is to help close the wealth gap in America.
Black-owned banks and credit unions work to help the Black community. Read below to learn where to find them.
List of Black-owned banks and credit unions
Listed below are some of the Black-owned financial institutions:
- Alamerica Bank
- Birmingham, AL
- Commonwealth National Bank
- Mobile, AL
- Broadway Federal Bank
- Los Angeles, CA
- Industrial Bank
- Washington, DC (branches also in MD, NJ, NY)
- Howard University Employees Federal Credit Union
- Washington, DC
- FAMU Federal Credit Union
- Tallahassee, FL
- Citizens Trust Bank
- Atlanta, GA
- 1st Choice Credit Union
- Atlanta, GA
- Credit Union of Atlanta
- Atlanta, GA
- Carver State Bank
- Savannah, GA
- Omega Psi Phi Fraternity Federal Credit Union
- Toccoa, GA
- GN Bank
- Chicago, IL
- South Side Community Federal Credit Union
- Chicago, IL
- Southern Teachers & Parents Federal Credit Union
- Baton Rouge, LA
- Liberty Bank and Trust Company
- New Orleans, LA (branches also in AL, IL, KS, KY, MI, MO, MS)
- The Harbor Bank of Maryland
- Baltimore, MD
- OneUnited Bank
- Boston, MA (branches also in CA, FL)
- First Independence Bank
- Detroit, MI
- Hope Credit Union
- Jackson, MS (branches also in AL, AR, LA, TN)
- St. Louis Community Credit Union
- St. Louis, MO (branches also in IL)
- Carver Federal Savings Bank
- New York, NY
- Urban Upbound Federal Credit Union
- Long Island City, NY
- Mechanics & Farmers Bank
- Durham, NC
- Greater Kinston Credit Union
- Kinston, NC
- Toledo Urban Federal Credit Union
- Toledo, OH
- First Security Bank
- Oklahoma City, OK
- United Bank of Philadelphia
- Philadelphia, PA
- Hill District Federal Credit Union
- Pittsburgh, PA
- Community Owned (C.O.) Federal Credit Union
- Charleston, SC
- OPTUS Bank
- Columbia, SC
- Brookland Federal Credit Union
- West Columbia, SC
- Tri-State Bank of Memphis
- Memphis, TN
- Citizens Savings Bank
- Nashville, TN
- Mount Olive Baptist Church Federal Credit Union
- Arlington, TX
- Unity National Bank of Houston
- Houston, TX (branches also in GA)
- Faith Cooperative Credit Union
- Dallas, TX
- Oak Cliff Christian Federal Credit Union
- Dallas, TX
- Virginia State University Federal Credit Union
- South Chesterfield, VA
- Columbia Savings and Loan
- Milwaukee, WI
- Greenwood (coming soon in 2021)
- Online only
- MoCaFi
- Online only
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Author’s Verdict
Black-owned banks help those who have been denied accounts in the past with banking services and lend to Black-owned small businesses and Black homeowners. Feel free to use any of these banks if you believe it can help you out!
Finally, remember to bookmark this page because you will always find an updated list of Black-owned bank promotions here.
| PROMOTIONAL LINK | OFFER | REVIEW |
| HSBC Premier Checking Member FDIC | Up to $2,500 Cash | Review |
| Chase Private Client | $3,000 Cash | Review |
| U.S. Bank Business Checking | $900 Cash | Review |
| U.S. Bank Business Checking | $400 Cash | Review |
| Chase Business Complete Checking® | $300 Cash | Review |
| KeyBank Key Smart Checking® | $300 Cash | Review |
| Chase Total Checking® | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up to $700 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
| SoFi Checking and Savings Account | $325 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $100 Cash | Review |
| Fifth Third Bank Checking | $400 Cash | Review |
| Axos Basic Business Checking | $400 Cash | Review |
| Axos Business Interest Checking | $400 Cash | Review |
| Axos Bank Business Premium Savings | $375 Cash | Review |
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