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42 Black-owned banks by state
Find a Black-owned financial institution to support near you.
To be considered a Black-owned bank, a financial institution must serve minority communities and be at least 51% Black-owned, according to the Urban Institute. Today, there are 42 Black-owned banks in the US. These institutions are working diligently to provide financial services to underserved communities.
Black-owned banks near me
Use this table to search for Black-owned financial institutions in your state. Then, use the tabs to sort and compare your options by branches and ATMs.
|Financial institution||Branch locations||ATMs||Features||More info|
|Alamerica Bank||Birmingham, Alabama||No info||Learn more|
|Commonwealth National Bank||Alabama||Commonwealth’s ATM/Debit Card.|
Customers can use any Commonwealth branch ATM, Publix Super Market ATM, or any PNC Bank ATM nationwide
|Metro Bank||Alabama||10 bank owned atms||Learn more|
|Broadway Federal Bank||Los Angeles, California||20,000 MoneyPass ATM locations and three Broadway Federal Bank ATMs||Learn more|
|FAMU Federal Credit Union||Tallahassee, Florida|
The access card can also be used at any ATM or point-of-sale (POS) terminal listed below:
|1st Choice Credit Union||Atlanta, Georgia||4 bank owned ATMs plus CU Service Center Network||Learn more|
|Carver State Bank||Savannah, Georgia.||3 bank owned ATMs||Learn more|
|Citizens Trust Bank||Alabama and Georgia||7 bank owned ATMs||Learn more|
|Credit Union of Atlanta||Atlanta, Georgia||4 bank owned plus any ATMs in the MoneyPass and STAR networks||Learn more|
|Omega Psi Phi Fraternity Federal Credit Union||Toccoa, Georgia.||N/A||Learn more|
|GN Bank (Groupe Nduom)||Chicago, Illinois||Star ATM network||Learn more|
|South Side Community Federal Credit Union||Chicago, Illinois||N/A||Learn more|
|Liberty Bank||Alabama, Illinois, Kansas, Louisiana, Mississippi and Michigan||28 Liberty bank ATMs||Learn more|
|Southern Teachers & Parents Federal Credit Union||Baton Rouge, Louisiana|
|2 bank owned ATMs plus it is part of the CU Alliance network||Learn more|
|The Harbor Bank of Maryland||Baltimore, Maryland Metropolitan area||AllPoint ATM locations, 55,000 Surcharge-Free ATMs||Learn more|
|OneUnited Bank||Los Angeles, California; Boston, Massachusetts; and Miami, Florida||over 30,000 ATMs through the MoneyPass® Network||Learn more|
|First Independence Bank||Detroit, Michigan||FIB ATM/Debit Card customers can use any nationwide FIB, Fifth Third, TCF or Chemical Bank ATM surcharge free with 147 in the Metro Detroit area|
6 bank owned ATMS
|Hope Credit Union||Alabama, Arkansas, Louisiana, Mississippi, and Tennessee||HOPE has 28 locations ready to serve you across the Deep South.|
Additionally, HOPE is a member of the Shared Branching Network. This affiliation allows HOPE members to visit more than 5,000 credit union locations nationwide and conduct financial transactions as if you were at a HOPE facility.
|St. Louis Community Credit Union||Missouri||Part of the CO-OP network||Learn more|
|Carver Federal Savings Bank||New York State||55,000 Allpoint ATMs||Learn more|
|Urban Upbound Federal Credit Union||Long Island City, New York State||N/A||Learn more|
|First Legacy Community Credit Union||Charlotte, North Carolina||ATMs via the CO-OP/Covera ATM network||Learn more|
|Greater Kinston Credit Union||Kinston, North Carolina|
People who live, work, worship, or attend functions in the Lenoir, Greene, Jones, Craven, and Pitt counties are eligible for membership.
|Part of the CashPoints network||Learn more|
|Mechanics & Farmers Bank||Winston-Salem, Durham, Raleigh, Greensboro, and Charlotte in|
|nationwide ATM networks||Learn more|
|Faith Community United Credit Union||Cleveland, Ohio||Alliance One ATM network||Learn more|
|Toledo Urban Federal Credit Union||Toledo, Ohio||2 bank owned atms||Learn more|
|Hill District Federal Credit Union||Hill District|
|United Bank of Philadelphia||Philadelphia, Pennsylvania||9 bank owned ATMs||Learn more|
|Brookland Federal Credit Union||West Columbia, South Carolina||N/A||Learn more|
|Community Owned Federal Credit Union||Johns Island and part of Charleston, South Carolina||N/A||Learn more|
|Optus Bank||South Carolina||3 bank owned ATMs||Learn more|
|Citizens Savings Bank & Trust||Tennessee, Kentucky, Texas and Alabama||No info||Learn more|
|Tri-State Bank of Memphis||Memphis, Tennessee||1 bank owned ATM plus Money Tower Network||Learn more|
|Faith Cooperative Credit Union||Dallas, Texas||1 bank owned ATM||Learn more|
|Mount Olive Baptist Church Federal Credit Union||Dallas, Texas||N/A||Learn more|
|Oak Cliff Christian Federal Credit Union||Dallas, Texas||N/A||Learn more|
|Unity National Bank||Texas and Georgia||Unity has an ATM at each bank branch location and is a member of the Select ATM network offering over 500 surcharge free machines.||Learn more|
|Virginia State University Federal Credit Union||South Chesterfield, Virginia||1 bank owned ATM||Learn more|
|Howard University Employees Federal Credit Union||Washington, D.C.||Part of the CO-OP and CU Here networks||Learn more|
|Industrial Bank||District of Columbia; Maryland; Newark, New Jersey; and one in Harlem, New York City||Allpoint – 55,000 Surcharge-Free ATMs Worldwide and 15 Industrial Bank ATMs throughout Washington, D.C., and Maryland||Learn more|
|City First Bank||Los Angeles, California; and Washington, D.C.||1 City First Bank ATM and +55,000 ATMs in the Allpoint and STARs networks||Learn more|
|Columbia Savings and Loan Association||Milwaukee, Wisconsin||N/A||Learn more|
Located in the heart of Birmingham, Alamerica Bank was started in 2000 by a group of community leaders. It only took six months for this bank to become profitable, and it continues to be one of the city’s strongest institutions.
Branch locations: Birmingham, Alabama
Commonwealth National Bank
Commonwealth National Bank is a full-service institution founded in 1976. It’s the only Minority Depository Institution (MDI) in Mobile, and only one of two MDIs in all of Alabama.
Branch locations: Alabama
ATMs: Can use any Commonwealth branch ATM, Publix Super Market ATM or any PNC Bank ATM nationwide
Metro Bank opened its doors in 1989 and now has nine branch locations with over 175 employees. It’s consistently ranked as one of the top performing banks in Alabama.
Branch locations: Alabama
There aren’t any Black-owned banks headquartered in Alaska, but these banks serve this area:
There aren’t any Black-owned banks headquartered in Arizona, but these banks serve this area:
There aren’t any Black-owned banks headquartered in Arkansas, but these banks serve this area:
Broadway Federal Bank
Broadway Federal Bank is a subsidiary of Broadway Federal Bank — a savings bank serving low-to-moderate income communities in Southern California. It’s a full-service institution offering a variety of products for individuals, businesses and non-profit organizations. It’s set to merge with City First Bank in the near future, which will make it the largest Black-owned bank in the country.
Branch locations: Los Angeles, CA
ATMs: 20,000 MoneyPass ATMs and three Broadway Federal Bank ATMs
There aren’t any Black-owned banks headquartered in Colorado, but these banks serve this area:
There aren’t any Black-owned banks headquartered in Connecticut, but these banks serve this area:
There aren’t any Black-owned banks headquartered in Delaware, but these banks serve this area:Back to top
FAMU Federal Credit Union
FAMU Federal Credit Union was created in 1935 after six individuals used $50 of their personal funds to secure a federal credit union charter. The credit union used to be located on the Florida A&M campus, hence its name. Now it’s located just outside of the FAMU campus.
Branch locations: Tallahassee, Florida
1st Choice Credit Union
1st Choice Credit Union was started in 1946 to serve Grady Hospital employees. It was originally named Hospital Authority Credit Union, but switched to its current name in 1991. This credit union is 9,000 members strong and is headquartered on Atlanta’s historic Auburn Avenue.
Branch locations: Atlanta, Georgia
ATMs: Three bank-owned ATMs, plus 32,000 Pulse or 2 million CIRRUS ATMs
Carver State Bank
Located in the heart of Savannah, Georgia, Carver State Bank was established in 1927. It started out as a private bank that served its founder, Louis B. Toomer and his friends. But it became a full-service commercial bank when Lawrence D. Perry took over as president in 1961.
Branch locations: Savannah, Georgia
Citizens Trust Bank
Citizens Trust Bank was established in 1921 to serve African Americans in Atlanta, Georgia. Today, it has a strong focus on investing money back into the community through sponsorship support.
Branch locations: Alabama; Georgia
Credit Union of Atlanta
Credit Union of Atlanta was founded in 1928 and remained financially strong throughout the Great Depression. It’s a Community Development Financial Institution (CDFI), which means it offers easily accessible financial products to critical communities in need of economic growth.
Branch locations: Atlanta, Georgia
ATMs: Four bank owned, plus any ATMs in the MoneyPass and STAR networks
Omega Psi Phi Fraternity Federal Credit Union
Omega Psi Phi Fraternity Federal Credit Union opened its doors in 1986. It manages $2.18 million in assets and primarily serves Omega Psi Phi Fraternity members and their families.
Branch locations: Toccoa, Georgia
There aren’t any Black-owned banks headquartered in Hawaii, but these banks serve this area:Back to top
There aren’t any Black-owned banks headquartered in Idaho, but OneUnited Bank serves this area.
There aren’t any Black-owned banks headquartered in Illinois, but these banks serve this area:
There aren’t any Black-owned banks headquartered in Iowa, but OneUnited Bank serves this area.
There aren’t any Black-owned banks headquartered in Kansas, but these banks serve this area:
There aren’t any Black-owned banks headquartered in Kentucky, but these banks serve this area:
GN Bank (Groupe Nduom)
This institution was founded in 1934 by 13 African American men who were on a mission to provide savings and loan services to Black Chicagoans. It was originally named Illinois Service Federal, but changed its name to GN Bank in 2018 after it was acquired by Groupe Nduom.
Branch locations: Chicago, Illinois
ATMs: 2 million+ ATMs in the STAR network
South Side Community Federal Credit Union
South Side Community Federal Credit Union has been offering up financial education, credit and savings services to its members since 2004. Membership is open to anyone who lives, works, worships, attends school or belongs to an organization on the South Side of Chicago.
Branch locations: Chicago, Illinois
In terms of branch locations, Liberty Bank has the second-largest footprint of any Black-owned bank with 15 branches spread throughout eight states. It’s committed to providing financial mentorship to minority communities, so more families can buy homes and more individuals can start businesses.
Branch locations: Alabama, Illinois, Kansas, Kentucky, Louisiana, Mississippi, Michigan, Missouri
Southern Teachers & Parents Federal Credit Union
Southern Teachers & Parents Federal Credit Union has been offering personalized service to its members for over 80 years. It primarily serves Southern University alumni, employees, parents and students; employees of Assumption, East Baton Rouge, Lafourche, West Feliciana Parishes; church members in Baton Rouge, Terrebonne and Lafourche Parishes and employees of the City of Thibodaux and Lafourche Parish Juvenile Justice Facility.
Branch locations: Baton Rouge, Louisiana; Thibodaux, Louisiana
ATMs: Two bank-owned ATMs, plus any ATM in the CU Alliance network
There aren’t any Black-owned banks headquartered in Maine, but OneUnited Bank serves this area.
The Harbor Bank of Maryland
The Harbor Bank of Maryland primarily serves the Baltimore metropolitan area. Its doors opened in 1982 where it served as the first community bank in the US to have an investment subsidiary. It was also the first bank in Maryland to receive Fannie Mae funding under the Community Development Financial Institution (CDFI) Program.
Branch locations: Baltimore, MD area
ATMs: 55,000 Allpoint ATMs
OneUnited Bank was the first online-only Black-owned bank established in the US. It puts a strong focus on financial education and helping low-to-moderate income communities secure funding and resources needed to achieve economic growth.
Branch locations: Los Angeles, California; Boston, Massachusetts; Miami, Florida
ATMs: 30,000+ MoneyPass ATMs
First Independence Bank
First Independence Bank has been serving the Detroit metropolitan area since 1970. It’s the only African American-owned bank headquartered in Michigan.
Branch locations: Detroit, MI
ATMs: Any FIB, Fifth Third, TCF or Chemical Bank ATM with 147 in the Metro Detroit area
There aren’t any Black-owned banks headquartered in Minnesota, but OneUnited Bank serves this area.
Hope Credit Union
Hope Credit Union was organized by members of Anderson United Methodist Church in 1995. Its mission is to be a beacon for capital accumulation for individuals and businesses in minority communities. Netflix gave this institution $10 million in 2020 as part of its initiative to build economic opportunities in Black communities.
Branch locations: Alabama, Arkansas, Louisiana, Mississippi, and Tennessee
ATMs: 23 ATMs
St. Louis Community Credit Union
Charted in 1942, St. Louis Community Credit Union is more than a financial institution. It’s also a for-profit cooperative, a Community Development Financial Institution (CDFI) and a Low-Income Designated credit union. It offers several programs to support its local community.
Branch locations: Missouri
ATMs: 30,000+ CO-OP ATMs
There aren’t any Black-owned banks headquartered in Montana, but these banks serve this area:Back to top
There aren’t any Black-owned banks headquartered in Nebraska, but these banks serve this area:
There aren’t any Black-owned banks headquartered in Nevada, but these banks serve this area:
There aren’t any Black-owned banks headquartered in New Hampshire, but these banks serve this area:
There aren’t any Black-owned banks headquartered in New Jersey, but these banks serve this area:
There aren’t any Black-owned banks headquartered in New Mexico, but these banks serve this area:
Carver Federal Savings Bank
Carver Federal Savings Bank was established in 1948 to support African American communities who were cut off from mainstream financial services. Even today, most of its branches are in low-income communities.
Branch locations: New York
ATMs: 55,000 Allpoint ATMs
Urban Upbound Federal Credit Union
Urban Upbound Federal Credit Union is on a mission to break the cycles of poverty in New York City’s low-income neighborhoods. It offers five integrated programs to its members: employment services, financial counseling, income support services, community revitalization and financial inclusion services.
Branch locations: Long Island City, New York
First Legacy Community Credit Union
A group of educators founded First Legacy Community Credit Union in 1941. It started off small, only offering savings and loans services. But today it offers a wide range of services for individuals.
Branch locations: Charlotte, North Carolina
ATMs: 30,000+ CO-OP ATMs
Greater Kinston Credit Union
Founded in 1952, Greater Kinston Credit Union is a full-service institution offering a range of personal and business accounts. It primarily services people who live, work, worship or attend school in Lenoir, Greene, Jones, Craven and Pitt counties.
Branch locations: Kinston, North Carolina
ATMs: 1,100+ CashPoints ATMs
Mechanics & Farmers Bank
M&F Bank is the second-oldest minority owned bank in the US. It’s also the only bank in North Carolina to have the Community Development Financial Institution (CDFI) designation. It manages nearly $264 million in assets and serves the five largest urban markets in North Carolina.
Branch locations: North Carolina areas: Winston-Salem, Durham, Raleigh, Greensboro and Charlotte
ATMs: Nationwide ATM networks
Faith Community United Credit Union
Faith Community United Credit Union was originally established as Mount Sinai Baptist Church Credit Union in 1952. It began to focus on community development in 1989 when it became the sole provider of savings and loans products in minority neighborhoods in Cuyahoga County, Ohio.
Branch locations: Cleveland, Ohio
ATMs: 4,955 Alliance One ATMs
Toledo Urban Federal Credit Union
Toledo Urban Federal Credit Union opened its doors in 1996 as the first community development credit union in Toledo, Ohio. It was recognized as one of the fastest growing financial institutions of its time with assets topping $6 million.
Branch locations: Toledo, Ohio
There aren’t any Black-owned banks headquartered in Oklahoma, but these banks serve this area:
There aren’t any Black-owned banks headquartered in Oregon, but these banks serve this area:Back to top
Hill District Federal Credit Union
Established in 1970, Hill District Federal Credit Union offers financial services and literacy classes to those who live or work in the Hills District of Pittsburgh. But anyone can join when they become a member of the Hill District Business Association.
Branch locations: Pittsburgh, PA
United Bank of Philadelphia
United Bank of Philadelphia opened its doors in 1992. It offers personalized services to businesses and individuals in the Greater Philadelphia region, specifically Blacks, Hispanics, Asians and women. Its goal is to foster community development and economic growth in underserved neighborhoods.
Branch locations: Philadelphia, PA
There aren’t any Black-owned banks headquartered in Rhode Island, but these banks serve this area:
Brookland Federal Credit Union
Brookland Federal Credit Union is a non-profit financial cooperative in West Columbia, South Carolina. It provides financial services to Brookland Baptist Church members and their families.
Branch locations: West Columbia, South Carolina
Community Owned Federal Credit Union
Community Owned Federal Credit Union was founded by a small group in 1966 who wanted to provide broader financial access to low-income residents of Johns Island and the Charleston community. It is one of only two designated low-income credit unions in South Carolina.
Branch locations: Johns Island, South Carolina and Charleston, South Carolina
Optus Bank’s origins go back to 1921 when a group of African American leaders founded Victory Savings Bank to give all people a fighting chance at the American Dream. Today, the bank is committed to helping all people build wealth, regardless of their background.
Branch locations: South Carolina
There aren’t any Black-owned banks headquartered in South Dakota, but these banks serve this area:
Citizens Savings Bank & Trust
Founded in 1904, Citizens Savings Bank & Trust was the first minority-owned bank in Tennessee. Today, it operates as the oldest continuously operated Black-owned bank in the US. It provides a variety of financial services to individuals and businesses.
Branch locations: Tennessee, Kentucky, Texas and Alabama
Tri-State Bank of Memphis
Tri-State Bank of Memphis was founded in 1946. As a certified Community Development Financial Institution (CDFI), it’s dedicated to providing financial resources to low-income communities that have historically been cut off from assistance.
Branch locations: Memphis, Tennessee
ATMs: One bank-owned ATM, plus 300+ ATMs in the Money Tower network
Faith Cooperative Credit Union
Faith Cooperative Credit Union was founded as St. John Federal Credit Union in 1959. Its name changed after it united with Friendship-West Baptist Church to form a micro-loan institution.
Branch locations: Dallas, Texas
Mount Olive Baptist Church Federal Credit Union
Mount Olive Baptist Church Federal Credit Union primarily serves Mount Olive Baptist Church members and their families in Dallas, Texas. It was chartered in 1997 and operates as a faith-based non-profit institution.
Branch locations: Dallas, Texas
Oak Cliff Christian Federal Credit Union
Oak Cliff Christian Federal Credit Union (OCCFCU) is a christian-based organization founded in 2008. Anyone who’s a member of Oak Cliff Bible Fellowship (OCBF) and its subsidiaries can apply for membership.
Branch locations: Dallas, Texas
Unity National Bank
Unity National Bank was founded in 1963 and charted in 1985. Its primary focus is in providing lending services to underserved communities in Texas and Georgia, but it also has a variety of personal and business bank accounts. It financially supports the YMCA, YWCA, NAACP, United Negro College Fund, Boy Scouts of America and other organizations.
Branch locations: Texas and Georgia
ATMs: 500+ ATMs in the Select ATM network
There aren’t any Black-owned banks headquartered in Utah, but these banks serve this area:Back to top
There aren’t any Black-owned banks headquartered in Vermont, but these banks serve this area:
Virginia State University Federal Credit Union
This institution got its start as the Virginia State College Federal Credit Union in 1938. It has since expanded over the years, and was granted permission to change its name to Virginia State University Federal Credit Union in 1979.
Branch locations: South Chesterfield, VA
There aren’t any Black-owned banks headquartered in Washington, but these banks serve this area:
City First Bank
It was announced on August 26, 2020 that Broadway Federal Bank will merge with City First Bank to become the nation’s largest Black-owned institution with assets breaking $1 billion. It’s focused on serving underserved neighborhoods in California and Washington, D.C.
Branch locations: Los Angeles, California, Washington, D.C.
ATMs: 1 City First Bank ATM and +55,000 ATMs in the Allpoint and STARs networks
Howard University Employees Federal Credit Union
Howard University Employees Federal Credit Union received its charter in 1925. It provides a variety of financial services to Howard University employees and their families.
Branch locations: Washington, D.C.
ATMs: 30,000+ CO-OP ATMs
Industrial Bank was founded in 1934 and services businesses, homeowners and individuals in the Washington, D.C. community. It has over 150 employees and manages over $432 million in assets, making it one of the largest African-American owned commercial banks in the US.
Branch locations: District of Columbia, Maryland, Newark, New Jersey and one in Harlem, New York City
ATMs: 55,000+ Allpoint ATMs + 15 Industrial Bank ATMs
Columbia Savings and Loan Association
Columbia Savings and Loan Association has been serving Milwaukee residents since 1924 — especially the inner city’s growing minority population. It primarily offers mortgages and church loans, but it has one CD option for those who want to save.
Branch locations: Milwaukee, Wisconsin
There aren’t any Black-owned banks headquartered in Wyoming, but these banks serve this area:
Why support Black-owned financial institutions?
The number of Black-owned institutions in the US has dwindled over the years as regulatory and operating costs make it difficult to stay in business.
Today, there are 42 Black-owned financial institutions in the US. These banks manage a combined total of $5 billion in assets — a drop in the bucket compared to other institutions. For example, Chase controls almost $2.7 trillion in assets, with Bank of America trailing behind at $2 trillion.
Now more than ever, Black-owned banks need our support to combat the wealth disparity gap and systemic racism that exists in the US. As of 2016, the average Black family holds $17,600 in wealth compared to $171,000 for a white family.
Black-owned banks work to minimize this gap by giving minority communities the financial services, funding and education they need to acquire assets and build wealth. Without these institutions, low-to-moderate income communities are forced to rely on payday lenders for financing, which keeps them trapped in a cycle of debt.
How to switch banks
Ready to make a difference by supporting a Black-owned bank? To make the switch:
- Decide which type of account you’re looking for. There are several different types of bank accounts. If you need an account you can use every day, go with a checking account. If you’re a business needing to store excess capital, you may need a business savings account or CD.
- Choose the right bank or credit union. Use our list of 42 financial institutions or compare it to top banks and credit unions to find the type of account you’re looking for.
- Look on its website to learn how to apply. Look on the bank’s website to see if you can open it online or if you’ll need to visit a branch instead.
- Gather the documents needed to open your account. Once you’ve decided how you’ll open the account, gather all your documents. You’ll typically need your basic personal information, including your Social Security number and government-issued photo ID.
- Fill out an application. Follow the steps online or in person to apply for the account and verify your identity.
Start using your account. Make your first deposit and set up bill pay and direct deposit.
Now is the time to support Black-owned institutions so they can continue fighting systemic racism and working to close the wealth gap that exists in the US. Once you find a Black-owned bank or credit union you want to support, follow these steps to open an account with them.
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