Black-Owned Banks and Credit Unions 2024
Written by Black Hot Fire Network on January 30, 2025
Black-owned banks tend to serve Black communities in the U.S. more than other banks do.
Black-owned banks — and credit unions, their not-for-profit equivalent — are intentional about helping the Black community. Many are community development financial institutions, which provide financial services in underserved and low- to moderate-income areas.
