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.
America's largest Black owned bank, OneUnited Bank, has made history again with its inaugural free OneTransaction Conference to close the racial wealth gap which happened on Juneteenth (June 19,2021). The conference boasted registrations of over 30,000 people! Attendees enjoyed back-to-back informative and entertaining 1-hour sessions that highlighted the OneTransaction formula – choosing one transaction to focus on in 2021 - with Black finance experts like The Budgetnista, Sharon Epperson and Chris Browning, as well as pop icons Daymond John who talked about how he built his profitable businesses and Emmy award winning actress Tiffany Haddish who talked about her love of homeownership and her pursuit of happiness. The segments covered the 6 transactions that can create generational wealth for Black America: wills, life insurance, home ownership, a profitable business, savings/investment and an improved credit score. A portion of the conference was hosted live by OneUnited owners Kevin Cohee, CEO & Chairman and Teri Williams, President & COO, at the Caribbean Cultural Center African Diaspora Institute in the heart of Harlem, which provided a beautiful, culturally relevant backdrop for the live portion of the show. Kevin & Teri talked about the historic legislation making Juneteenth a federal holiday and what it means for the future of the Black struggle, the definition of "anti-racism" and how it relates to money and closing the racial wealth gap. Attendees were also invited to join the #BankBlack Movement, led by OneUnited Bank. In between pre-recorded segments and the live portions of the show, the audience enjoyed an exciting mix of music by D.J. Hasan Insane, who laid out the old school hits that kept the party going in between sessions. The full OneTransaction Conference replay is free and open to the public for viewing at www.oneunited.com/onetransaction2021. Join OneUnited Bank on Juneteenth 2022 for the 2nd Annual OneTransaction Conference.
Prior to the Covid-19 crisis and its disproportionate impact on communities of color, the median white household in America held nearly eight times the wealth of the median Black household in 2019, reports Brookings Institution. While President Biden and his administration have unveiled plans to help close this gap, which has only been exacerbated by the pandemic, many people have also called on corporate America and its leaders to take a stand in speaking out against racial inequality and economic injustice. Kevin Cohee of OneUnited Bank is among those interviewed.
Someday soon, if not today, you may be able to find a banking platform that's designed specifically for you and those like you. A growing number of banks and fintechs are using digital banking platforms to meet the unique challenges and needs of individual communities. There are banks and fintechs that offer banking platforms for Black Americans, the LGBTQ+ community, disabled Americans, doctors, freelancers—the list goes on. Some of these institutions are newcomers on the scene. Others have been around for decades but are now able to leverage digital technology to help their communities and drive real financial change. “That’s what’s important about digital banking,” says Kevin Cohee, chairman and chief executive officer of OneUnited Bank. “Yes, it offers all of these very important benefits to consumers to make their lives easier and to make them better stewards of their money—it certainly does that—but the big deal is this changing our overall society,” he says.