Uplift: She oversees largest Black owned bank where paycheck paid 2 days early and 100,000+ Surcharge-Free ATMs.
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Teri Williams.
President, COO, and owner of OneUnited Bank, the largest Black-owned bank in the United States. Here's a breakdown of the key highlights and takeaways:
🔑 Key Themes & Takeaways 1. OneUnited Bank’s Mission & Reach
Formed by merging four Black-owned banks in Boston, Miami, and Los Angeles. First Black-owned digital bank (since 2005). Serves customers in all 50 states. Offers accessible, affordable financial services and promotes financial literacy.2. Digital Banking for Underserved Communities
OneUnited provides: Mobile check deposit (via smartphone). Early direct deposit (get paid 2 days early). Access to 100,000+ surcharge-free ATMs (including Walgreens, 7-Eleven, Chase, Citibank). Designed to combat financial deserts and predatory check-cashing services in Black communities.3. Financial Literacy & Trust
Teri emphasizes the need for Black communities to trust Black-owned institutions. OneUnited is FDIC-insured and uses cutting-edge technology, including AI. Financial literacy is key to building generational wealth.4. WiseOne AI Tool
An AI-powered financial assistant that: Tracks spending and subscriptions. Offers insights on saving and debt reduction. Aggregates data from multiple accounts to show net worth, cash flow, and financial health.5. Youth Financial Literacy – “I Got Bank” Contest
15th annual contest for kids ages 8–12. Participants submit an essay or artwork based on a financial literacy book. Ten winners receive $1,000 savings accounts. Book: I Got Bank by Teri Williams (available free at oneunited.com/book).6. OneTransaction Concept
Focuses on six key financial transactions to build generational wealth: Homeownership Life Insurance Investments Profitable Business Credit Score Savings Encourages individuals to focus on just one to start their wealth-building journey. Learn more: oneunited.com/onetransaction💬 Notable Quotes
“We are a real bank, not a fintech. We are FDIC-insured.” “We are great with money. We just haven’t always had access.” “Focus on one transaction. That’s all it takes to start building generational wealth.”#STRAW
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