Top 10 Black Owned Credit Unions in the United States

Top 10 Black-Owned Credit Unions in The United States

In the United States, racial inequality and economic inequity have always gone hand in hand. For generations of African Americans and other minority groups, the banking system was an immovable obstacle on the path to equality and inclusion. From redlining to predatory payday loans, bankers and lenders long used the levers of financial power to dictate where or if people of color could buy homes, open businesses, or even save money in a bank account.

But the world realized that black dollars matter, and channeling Black dollars in the right direction is the first step toward economic empowerment. Financial stability and reinvestment in the Black community are essential. Investing in the community and letting money circulate is a way to strengthen neighborhoods.

Credit unions have existed for decades in the United States and have impacted Black lives in unimaginable ways. This video counts down the top 10 black-owned credit unions in the United States. Take a look!

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Timecodes
0:00 INTRO
3:26 FAITH COMMUNITY UNITED CREDIT UNION
4:09 FIRST LEGACY COMMUNITY CREDIT UNION
4:47 FAMU FEDERAL CREDIT UNION
5:29 SOUTHERN TEACHERS & PARENTS FEDERAL CREDIT UNION
6:14 LOWER EAST SIDE PEOPLE’S FEDERAL CREDIT UNION
7:22 1ST CHOICE CREDIT UNION
7:49 CREDIT UNION OF ATLANTA
8:30 LIBERTY SAVINGS FEDERAL CREDIT UNION
9:12 ST. LOUIS COMMUNITY CREDIT UNION
9:57 HOPE CREDIT UNION
10:45 END CREDITS