The three black banks in New York state (all three black owned banks are in NYC) need supporting! NYC alone has over 2.2 million black resident and it’s 15% statewide yet there are only 3 institutions owned by members of this community and NONE are out of the biggest city.
Banking black and showing support in New York is very important! A hub of activism, forward movement in the black community and an important place for much recent and past black history,NYC and the state has a big role in the growth of the black community nationwide!
Black banks and credit unions have a history of serving their communities, loaning to small businesses and many were originally set up to help people who were turned away by the white owned mega banks.
Below you can find details about each black owned bank and credit unions in New York.
URBAN UPBOUND – New York, New York: urbanupbound.org
The Urban Upbound Federal Credit Union is the first low-income designated bank to take root in Queens in over 30 years, replacing faulty check-cashing options with legitimate banking services.
13-03B 40th Avenue
Long Island City, NY.
Tuesday and Wednesday -8:00 AM – 4:00 PM
Thursday – 9:00 AM – 5:00 PM
Friday – 8:00 AM – 6:00 PM
Saturday – 9:00 AM – 1:00 PM
CARVER FEDERAL SAVINGS BANK – New York, New York: carverbank.com
Carver was founded in 1948 to serve African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. Today, Carver is the largest African-American operated bank in the United States. Since its inception, the Bank has continuously been headquartered in Harlem, and most of our ten branches and 24/7 ATM Centers are located in low- to moderate- income neighborhoods.
Carver Federal Savings Bank
75 West 125th Street
New York, NY 10027
Customer Service Center (718) 230-2900
ONEUNITED BANK – New York, USA: oneunited.com
We are America’s largest Black-owned bank. We’re working to help develop urban communities across the nation, to raise financial literacy within our communities, and to build Black economic power in America.
Bank Black. Move your money. Join the movement.
Do you know of any other black owned banks or credit unions in this state? Are the branches we listed still open? If you have any info please email us family[AT]urbanintellectuals.com.
If you are looking for banks in nearby states of other states see our list black owned banks in all states.
PUBLIC NOTE: The opinions expressed in this article are the author's own and do not reflect the view of the Urban Intellectuals, affiliates or partners.