How BankBlackUSA Is Helping Empower Black-Owned Banks And Credit Unions
Black-owned banks and credit unions provide a real opportunity for the Black community to overcome the racial wealth gap, and BankBlackUSA is an organization that is helping to lead that charge.

In 2016, OneUnited Bank, the nation’s largest Black-owned bank and first Black internet bank, spearheaded the national #BankBlack Challenge. The ongoing campaign seeks to galvanize Black Americans and their allies to move their accounts to Black-owned financial institutions.

“The movement’s leaders were saying to divest from larger banks because they’re less likely to support people like us,” Dallas-based banking professional Stephone Coward II, 36, says. “So, my cofounders and I came together to research ways to support and uplift Black-owned banks and credit unions.”

Combining his industry expertise with a deep understanding of and connection to his African American heritage and community, Coward launched BankBlackUSA. He partnered with Atlanta entrepreneur, Robert Herring III, 38; Yale lecturer and entrepreneur, Justin Moore, 40, in New York City; and several others in Detroit to start the initiative in 2016.

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How BankBlackUSA Is Helping Empower Black-Owned Banks And Credit Unions
Stephone Coward II Courtesy of
BankBlackUSA
How BankBlackUSA Is Helping Empower Black-Owned Banks And Credit Unions
Robert Herring III
Courtesy of
BankBlackUSA
How BankBlackUSA Is Helping Empower Black-Owned Banks And Credit Unions
Justin Moore
Courtesy of
BankBlackUSA

Dion Mitchell
Author: Dion Mitchell

I am a web and data management consultant with a passion for helping clients implement solutions to achieve their goals. With over 20 years of enterprise IT experience, I have become an expert in project management and problem analysis acquired from various roles ranging from systems analysis, systems engineer to...