Black-Owned Banking Institutions by State. History and background of Black-Owned Banking Institutions

Black-Owned Banking Institutions by State. History and background of Black-Owned Banking Institutions

FAMU Federal Credit Union

Six people had been convinced to deposit $50 to obtain a federal credit union charter, leading to the founding for the Florida A&M College Employees Federal Credit Union. The organization renamed to Florida A&M University Federal Credit Union because of its location in the FAMU campus. п»ї п»ї

  • Branches: Office (Tallahassee, Fla.) п»ї п»ї
  • ATMs: One located into the “first drive-thru lane” along with any ATMs which are an element of the United states Express, CULIANCE, The Exchange, Honors, Member Access, Plus, Presto, Publix, Walmart, and “other Credit Unions utilizing the participating listed networks” п»ї п»ї
  • States: Florida п»ї п»ї
  • Services: records (checking, savings, IRA), Rattler debit and VISA charge cards, loans, cable transfers, along with other solutions (notary solutions, bill re re re re re re payments, etc.) п»ї п»ї
  • Assets: $20.24 million п»ї that is п»ї
  • Supply: Online and п»ї п»ї

Very Very Very Very Very Very First Independence Bank

In operation, the very first Independence Bank has offered the Detroit Metropolitan area for 50 years. First Independence may be the sole African American‐ owned bank headquartered in Michigan, not only is it certainly one of two banking institutions headquartered in Detroit.  

  • Branches: Clinton Township Branch (Clinton Township, Mich.), Main Office Branch (Detroit, Mich.), and Seven Mile Branch (Detroit, Mich.) п»ї п»ї
  • ATMs: Garfield Branch (Clinton Township, Mich.), 1st Floor International Building (Detroit, Mich.), City County Building (Detroit, Mich.), Livernois (Detroit, Mich.), and Main Office Branch (Detroit, Mich.), Seven Mile Branch (Detroit, Mich.), as well as “any nationwide . 5th Third, TCF, or Chemical Bank ATM . in the Metro Detroit area” п»ї п»ї
  • States: Michigan п»ї п»ї
  • Services: customer and company solutions, along with loans п»ї п»ї п»ї п»ї
  • Assets: legit payday loans in West Virginia $265.354 million п»ї that is п»ї
  • Access: Online and п»ї п»ї

First Legacy Community Credit Union

The School Workers Federal Credit Union ended up being launched by way of team of educators. Initially, the organization that ultimately became First Legacy Community just offered a cost cost cost cost cost cost savings and loan system; it offers a much wider selection of financial services today. п»ї п»ї

  • Branches: Very Very Very Very Very First Legacy Community Credit Union (Charlotte, N.C.) п»ї п»ї
  • ATMs: area of the CO-OP/Covera ATM system п»ї п»ї
  • States: New York п»ї п»ї
  • Services: Checking, cost cost cost cost cost savings, loans, along with other services (quarterly statements, NADA car valuations, etc.) п»ї п»ї
  • Assets: $29.331 million п»ї that is п»ї
  • Access: Online and п»ї п»ї

Very Very Very Very Very Very First Protection Bank

The protection Trust and Savings Bank first launched for company. Twenty-six years later on, it merged with all the First nationwide Bank of Charles City, producing the very first safety Bank & Trust. п»ї п»ї

  • Branches: Aredale (Aredale, Iowa), Charles City Branch (Charles City, Iowa), Dumont Branch (Dumont, Iowa), Hampton Branch (Hampton, Iowa), Ionia Branch (Ionia, Iowa), Manly Branch (Manly, Iowa), Marble Rock Branch (Marble Rock, Iowa), Nora Springs Branch (Nora Springs, Iowa), Riceville Branch (Riceville, Iowa), Rockford Branch (Rockford, Iowa), Rockwell Branch (Rockwell, Iowa), Rudd Branch (Rudd, Iowa), and Thornton Branch (Thornton, Iowa) п»ї п»ї
  • ATMs: Charles City Branch (Charles City, Iowa), Manly Branch (Manly, Iowa), Marble Rock Branch (Marble Rock, Iowa), Nora Springs Branch (Nora Springs, Iowa), Riceville Branch (Riceville, Iowa), Rockford Branch (Rockford, Iowa), Rockwell Branch (Rockwell, Iowa), and Thornton Branch (Thornton, Iowa) п»ї п»ї
  • States: Iowa п»ї п»ї
  • Services: Personal (checking, cost cost cost cost cost cost savings, etc.), company (checking, savings, etc.), and lending (individual & automotive loans, home loan & house equity etc.) п»ї п»ї that is п»ї п»ї п»ї
  • Assets: $500 million п»ї п»ї
  • Access: Online and п»ї п»ї

GN Bank

After working closely using the Federal mortgage Bank of Chicago—13 African United states guys founded Illinois provider Federal to give a cost cost cost cost cost cost savings and loan relationship for Black Chicagoans. The organization ended up being obtained by Groupe Ndoum, which resulted in its title modification to GN Bank.  

  • Branches: Main Branch (Chicago, Ill.) and Chatham workplace (Chicago, Ill.) п»ї п»ї
  • ATMs: Main Branch (Chicago, Ill.) and Chatham workplace (Chicago, Ill.), as well as any ATMs into the CELEBRITY network. п»ї п»ї
  • States: Illinois п»ї п»ї
  • Services: Personal (checking, cost cost cost cost cost cost cost savings, and charge cards) and business that is small (checking, lending, bank cards) п»ї п»ї
  • Assets: $133 million п»ї that is п»ї
  • Supply: Online and п»ї п»ї

Better Kinston Credit Union

The higher Kinston Credit Union ended up being established and offers a number of loans and deposit reports. п»ї п»ї People whom reside, work, worship, or go to functions within the Lenoir, Greene, Jones, Craven, and Pitt counties meet the criteria for account. п»ї п»ї

  • Branches: Branch Office (Kinston, N.C.) п»ї п»ї
  • ATMs: area of the CashPoints network п»ї п»ї
  • States: New York п»ї п»ї
  • Services: Debit and charge cards; deposit (checking, savings, etc.), non-profit, and youth reports; home loan and individual financing; along with other solutions (automatic solutions, branch services, etc.) п»ї п»ї
  • Assets: $11.624 million п»ї that is п»ї
  • Accessibility: Online and brick-and-mortar п»ї that is п»ї