black spending power
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OneUnited Bank, Black Lives Matter Team Up to Organize Black America’s Spending Power
Elected officials, businesses and society in general can sometimes find it easy to overlook voices of protest that call for equality and justice. One thing that is seldom overlooked, however, is money, and black America has a lot of spending power to throw around—about $1.2 trillion. Now OneUnited Bank, the largest black-owned bank in America,…
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Nonprofit BMe Deposits $1,000,000 in Black-Owned Bank, Calls on Others to #BankBlack
In the #BankBlack movement, one organization is putting its money—$1 million—where its mouth is. BMe Community, a national network dedicated to strengthening communities with the help of black men, is redirecting $1 million of its deposits into OneUnited, the nation’s largest black-owned bank, making BMe the “preferred nonprofit” for the bank, while OneUnited has become…