OneUnited Bank offers checking and savings accounts along with giving loans and mortgages. The major states served by the bank include Massachusetts, California, and Florida. While the headquarters are in Boston, OneUnited has other branches in Compton, Crenshaw, Miami, and Roxbury. In 2018, the bank’s total assets were around $661.2 million. The bank is registered at the Federal Deposit Insurance Corporation. OneUnited Bank is a bank in the US, with its headquarters in Boston, Massachusetts. But does that mean OneUnited is a reliable bank for everyone? Read our OneUnited bank review below to find out. Moreover, the bank has given over $100 million in loans to low-income and middle-income individuals. Originally, it was Unity Bank and Trust Company, but the name changed over the years. It was the first-ever black-owned online bank and remains the largest black-owned bank in the whole country since its foundation in 1968. Thus, there’s an increase in the trend towards opting for black-owned banks, and OneUnited Bank is one of them. These days, many people are eager to help minority-owned businesses. This does not influence our recommendations or editorial integrity, but it does help us keep the site running. At no extra cost to you, some or all of the products featured below are from partners who may compensate us for your click.
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