DIRECTORY OF BLACK OWNED BANKS & CREDIT UNIONS IN THE USA
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?
ALAMERICA BANK
http://www.alamericabank.com/
Location: Birmingham, Alabama
Founded: January 28, 2000
FDIC Region: Atlanta
Assets: $35 404 000
BROADWAY FEDERAL BANK FSB
http://www.broadwayfederalbank.com/
Location: Los Angeles, California | Inglewood, CA
Founded: February 26, 1947
FDIC Region: San Francisco
Assets: $385 055 000
CARVER STATE BANK
www.carverstatebank.com
Location: Savannah, Georgia
Founded: January 1, 1927
FDIC Region: Atlanta
Assets: $41 573 000
CITIZENS TRUST BANK
https://ctbconnect.com/
Location: Atlanta, Georgia
Founded: June 18, 1921
FDIC Region: Atlanta
Assets: $392 286 000
CITY NB OF NEW JERSEY
https://www.citynatbank.com/
Location: Newark, New Jersey
Founded: June 11, 1973
FDIC Region: New York
Assets: $340 301 000
CREDIT UNION OF ATLANTA
https://www.cuatlanta.org/
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.]
COMMONWEALTH NATIONAL BANK
http://www.ecommonwealthbank.com/
Location: Mobile, Alabama
Founded: February 19, 1976
FDIC Region: Atlanta
Assets: $63 244 000
COVENANT BANK
http://covenant-bank.com/
Location: Chicago, Illinois
Founded: June 20, 1977
FDIC Region: Chicago
Assets: $59,842,000
URBAN UPBOUND
http://urbanupbound.org/what_we_do/federal-credit-union/
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.]
(718-784-5050
FIRST INDEPENDENCE BANK
http://www.firstindependence.com/
Location: Detroit, Michigan
Founded: May 14, 1970
FDIC Region: Chicago
Assets: $215 924 000
FIRST STATE BANK
http://www.efirststatebank.com/
Location: Danville, Virginia
Founded: September 08, 1919
FDIC Region: Atlanta
Assets: $38 882 000
FIRST TUSKEGEE BANK
https://www.firsttuskegeebank.com/
Location:Tuskegee, Alabama
Founded: October 11, 1991
FDIC Region: Atlanta
Assets: $63 127 000
ST. LOUIS COMMUNITY CREDIT UNION (Formerly, GATEWAY BANK - St. Louis)
https://www.stlouiscommunity.com/
http://news.stlpublicradio.org/post/ten-percent-households-st-louis-area-dont-use-banks-heres-why-and-whats-being-done
http://www.stlamerican.com/business/local_business/article_11a0e98a-02a3-11e2-b53c-0019bb2963f4.html
http://www.stltoday.com/business/local/sba-loans-to-black-entrepreneurs-drop-dramatically/article_afd4254d-31d5-5abd-91f4-b6b810e14563.html
HIGHLAND COMMUNITY BANK
http://highlandcommunitybankchicago.com/index.php
Location: Chicago, Illinois
Founded: November 09, 1970
FDIC Region: Chicago
Assets: $84 948 000
ILLINOIS SERVICE FEDERAL SAVINGS & LOAN
http://www.isfbank.com/
Location: Chicago, Illinois
Founded: January 01, 1934
FDIC Region: Chicago
Assets: $140 148 000
INDUSTRIAL BANK
http://www.industrial-bank.com/
Location: Washington, DC
Founded: August 18, 1934
FDIC Region: New York
Assets: $342 524 000
LIBERTY BANK & TRUST COMPANY
http://www.libertybank.net/
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
MECHANICS & FARMERS BANK
https://www.mfbonline.com/main/index2.html
Location: Durham, North Carolina
Founded: March 01, 1908
FDIC Region: Atlanta
Assets: $304,809,000
NORTH MILWAUKEE STATE BANK
https://nmsbank.com/
Location: Milwaukee, Wisconsin
Founded: February 12, 1971
FDIC Region: Chicago
Assets: $91 490 000
ONE UNITED BANK
https://www.oneunited.com/
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
SEAWAY BANK & TRUST COMPANY
http://www.seawaybank.us/
Location: Chicago, Illinois
Founded: January 02, 1965
FDIC Region: Chicago
Assets: $573,168, 000
UNITED BANK OF PHILADELPHIA
http://www.ubphila.com/
Location: Philadelphia, Pennsylvania
Founded: March 23, 1992
FDIC Region: New York
Assets: $67 930 000
UNITY NB OF HOUSTON
http://www.unitybanktexas.com/
Location: Houston, Texas
Founded: August 01, 1985
FDIC Region: Dallas
Assets: $68 125 000
Source: FDIC
TriState Bank of Memphis Tenessee
http://www.tristatebank.com/
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AFRICAN AMERICAN OWNED CREDIT UNIONS
http://hbcumoney.com/tag/african-american-credit-unions/
Do you currently have your money in a Black owned Bank, if not what are you waiting for?
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?
ALAMERICA BANK
http://www.alamericabank.com/
Location: Birmingham, Alabama
Founded: January 28, 2000
FDIC Region: Atlanta
Assets: $35 404 000
BROADWAY FEDERAL BANK FSB
http://www.broadwayfederalbank.com/
Location: Los Angeles, California | Inglewood, CA
Founded: February 26, 1947
FDIC Region: San Francisco
Assets: $385 055 000
CARVER STATE BANK
www.carverstatebank.com
Location: Savannah, Georgia
Founded: January 1, 1927
FDIC Region: Atlanta
Assets: $41 573 000
CITIZENS TRUST BANK
https://ctbconnect.com/
Location: Atlanta, Georgia
Founded: June 18, 1921
FDIC Region: Atlanta
Assets: $392 286 000
CITY NB OF NEW JERSEY
https://www.citynatbank.com/
Location: Newark, New Jersey
Founded: June 11, 1973
FDIC Region: New York
Assets: $340 301 000
CREDIT UNION OF ATLANTA
https://www.cuatlanta.org/
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.]
COMMONWEALTH NATIONAL BANK
http://www.ecommonwealthbank.com/
Location: Mobile, Alabama
Founded: February 19, 1976
FDIC Region: Atlanta
Assets: $63 244 000
COVENANT BANK
http://covenant-bank.com/
Location: Chicago, Illinois
Founded: June 20, 1977
FDIC Region: Chicago
Assets: $59,842,000
URBAN UPBOUND
http://urbanupbound.org/what_we_do/federal-credit-union/
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.]
(718-784-5050
FIRST INDEPENDENCE BANK
http://www.firstindependence.com/
Location: Detroit, Michigan
Founded: May 14, 1970
FDIC Region: Chicago
Assets: $215 924 000
FIRST STATE BANK
http://www.efirststatebank.com/
Location: Danville, Virginia
Founded: September 08, 1919
FDIC Region: Atlanta
Assets: $38 882 000
FIRST TUSKEGEE BANK
https://www.firsttuskegeebank.com/
Location:Tuskegee, Alabama
Founded: October 11, 1991
FDIC Region: Atlanta
Assets: $63 127 000
ST. LOUIS COMMUNITY CREDIT UNION (Formerly, GATEWAY BANK - St. Louis)
https://www.stlouiscommunity.com/
http://news.stlpublicradio.org/post/ten-percent-households-st-louis-area-dont-use-banks-heres-why-and-whats-being-done
http://www.stlamerican.com/business/local_business/article_11a0e98a-02a3-11e2-b53c-0019bb2963f4.html
http://www.stltoday.com/business/local/sba-loans-to-black-entrepreneurs-drop-dramatically/article_afd4254d-31d5-5abd-91f4-b6b810e14563.html
HIGHLAND COMMUNITY BANK
http://highlandcommunitybankchicago.com/index.php
Location: Chicago, Illinois
Founded: November 09, 1970
FDIC Region: Chicago
Assets: $84 948 000
ILLINOIS SERVICE FEDERAL SAVINGS & LOAN
http://www.isfbank.com/
Location: Chicago, Illinois
Founded: January 01, 1934
FDIC Region: Chicago
Assets: $140 148 000
INDUSTRIAL BANK
http://www.industrial-bank.com/
Location: Washington, DC
Founded: August 18, 1934
FDIC Region: New York
Assets: $342 524 000
LIBERTY BANK & TRUST COMPANY
http://www.libertybank.net/
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
MECHANICS & FARMERS BANK
https://www.mfbonline.com/main/index2.html
Location: Durham, North Carolina
Founded: March 01, 1908
FDIC Region: Atlanta
Assets: $304,809,000
NORTH MILWAUKEE STATE BANK
https://nmsbank.com/
Location: Milwaukee, Wisconsin
Founded: February 12, 1971
FDIC Region: Chicago
Assets: $91 490 000
ONE UNITED BANK
https://www.oneunited.com/
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
SEAWAY BANK & TRUST COMPANY
http://www.seawaybank.us/
Location: Chicago, Illinois
Founded: January 02, 1965
FDIC Region: Chicago
Assets: $573,168, 000
UNITED BANK OF PHILADELPHIA
http://www.ubphila.com/
Location: Philadelphia, Pennsylvania
Founded: March 23, 1992
FDIC Region: New York
Assets: $67 930 000
UNITY NB OF HOUSTON
http://www.unitybanktexas.com/
Location: Houston, Texas
Founded: August 01, 1985
FDIC Region: Dallas
Assets: $68 125 000
Source: FDIC
TriState Bank of Memphis Tenessee
http://www.tristatebank.com/
---------------------------------------------------------------
AFRICAN AMERICAN OWNED CREDIT UNIONS
http://hbcumoney.com/tag/african-american-credit-unions/
Do you currently have your money in a Black owned Bank, if not what are you waiting for?
