OneUnited Bank, with offices in California, Florida and Massachusetts, is the premier bank for urban communities. Its mission is to provide affordable financial services to support economic development in urban communities and to maintain superior financial performance to maximize shareholder value. As the first Black online bank and the first Black interstate bank in the country, OneUnited Bank unites urban communities to share ideas, technology and management resources to better meet the banking needs of inner city communities.
The Crichlow family had been renting their modest home in North Miami for about 20 years. That changed last week, thanks to a Miami-Dade County-backed program targeting first-time homebuyers, and a loan from one of the largest black-owned banks in the United States, OneUnited Bank. The Crichlows say they found their dream home thanks to the program: A three-bedroom house in Miami Gardens with a "beautiful" kitchen and living room, according to Mrs. Crichlow, and a big yard. It is perfect for their two young sons. The gap between black and non-black homeownership rates remains substantial both nationally and in the Miami metro area. But the Miami market is outperforming national rates on an overall level of black homeownership, as well as in having closed the local racial gap.
Teri Williams is President & COO and owner of OneUnited Bank, the largest Black owned bank in the country and supporter of the #BankBlack and #BuyBlack Movement. She is responsible for the Bank's strategic initiatives, as well as the day to day operations, including all retail branches, marketing, compliance, lending, information technology, customer support, legal, and human resources. Ms. Williams brings 30 years of financial services expertise including Bank of America and American Express, where she was one of the youngest Vice Presidents.
The recent #BankBlack social media campaign has brought black banking back into the national consciousness. The movement has inspired thousands of people across the country to transfer or deposit millions of dollars into black-owned banks for the first time. With this support, black-owned banks invest in urban communities, employ African Americans, and inspire black home ownership. For those considering making the change, here is a list of 13 banks to consider, including CDBA members United Bank, Industrial Bank, Harbor Bank of Maryland, Broadway Federal Bank, OneUnited Bank, Carver State Bank, First Independence Bank, GN Bank, and Metro Bank.