OneUnited Bank, the nation’s largest Black-owned bank, has made waves yet again by being named in Inc. Magazine’s 2024 Best in Business list in Financial Services. This recognition is not just another feather in the bank’s cap. Instead, it is a testament to its groundbreaking work and unwavering commitment to the communities it serves.

For over 50 years, OneUnited Bank has been a leader in financial wellness, setting an example for institutions nationwide.

This accolade celebrates the bank’s ability to break barriers, foster innovation, and elevate its customers. With a history rooted in empowerment, OneUnited Bank continues to redefine banking by merging cutting-edge technology with a community-first approach. It is no wonder the bank is hailed as an industry trailblazer.

How OneUnited Bank Ensures Financial Empowerment

OneUnited Bank is not your average financial institution. From its inception, the bank has focused on empowering communities of color, bridging the wealth gap, and championing financial literacy. In business for over half a century, the bank has honed its mission of fostering better financial health for all.

OneUnited Bank — Elle / The recognition from Inc. Magazine highlights their forward-thinking product launches, customer-focused services, and progressive initiatives.

Each step the bank takes is a stride toward economic justice, making banking less about transactions and more about building legacies.

Breaking Barriers With Innovation

Technology plays a pivotal role in OneUnited Bank’s operations. From AI-powered financial tools to data aggregation systems, the bank is on a mission to simplify money management for its customers. This focus on tech isn’t just about staying ahead. It is about making financial literacy accessible and actionable.

The bank’s use of advanced technology goes beyond convenience. It addresses real issues like payday loan alternatives and wealth-building education, tackling economic challenges head-on. This blend of innovation and purpose has helped OneUnited carve out its place as a leader in the financial sector.

CEO Kevin Cohee Is “Incredibly Proud”

OneUnited Bank’s inclusion in the 2024 Best in Business list didn’t happen by chance. The bank’s achievements span groundbreaking milestones, increased market share, and transformative customer experiences. Kevin Cohee, the bank’s Chairman and CEO, emphasized the bank’s pride in being recognized, calling it proof of its dedication to excellence.

Thus, it is a clear signal that OneUnited Bank is setting a standard in the industry. The bank has shown that financial institutions can thrive by serving their customers’ needs and staying true to their core values.

How OneUnited Bank Ensures Financial Literacy

At the heart of OneUnited Bank’s mission lies financial literacy. The bank understands that education is the foundation of empowerment. Through initiatives aimed at teaching customers how to save, invest, and grow their wealth, OneUnited has redefined what it means to be a financial partner.

OneUnited Bank — Finances / By using AI to tailor advice and tools to individual needs, the bank ensures every customer has the resources they need to succeed.

These tools bridge gaps in knowledge and opportunity, making wealth-building a reality for underserved communities.

Winning an iDAC Award

Adding to its list of accolades, OneUnited Bank recently received the Talent Maximization Award for Financial Literacy Innovation at the 2024 iDAC Global Finance Summit. This prestigious award highlights the bank’s relentless pursuit of innovative solutions for communities of color.

The summit’s Renaissance-inspired theme emphasized transformation through diversity and inclusion. OneUnited Bank embodied this spirit, showcasing how financial institutions can drive meaningful change. Robert Patrick Cooper, the bank’s Senior Vice President & General Counsel, noted that this recognition is a testament to the bank’s tireless commitment to progress.

However, what sets OneUnited Bank apart is its genuine connection to the communities it serves. Banking, for this institution, goes beyond numbers. It is about creating opportunities, building trust, and fostering growth.