#USA #Boston #Financial Services #OneUnited Bank #Inc Magazine

OneUnited Bank's Recognition

OneUnited Bank, recognized as the largest Black-owned bank in the United States, has recently been highlighted on Inc. Magazine's prestigious 2024 Best in Business list within the Financial Services sector. This accolade is a testament to the bank's unwavering commitment to providing exceptional service and its significant impact on the financial landscape.

The Best in Business list sets a benchmark for excellence, acknowledging organizations that have achieved remarkable milestones through innovation and dedicated service. OneUnited Bank's inclusion in this list reflects its notable achievements in areas such as customer growth, impactful product launches, and an overall enhancement of market influence. Inc. Magazine evaluates companies from various sectors, celebrating those that contribute positively to society while excelling in their respective fields.

Visionary Leadership

Kevin Cohee, the Chairman and CEO of OneUnited Bank, expressed immense pride in this recognition. He emphasized the bank's mission to empower individuals through financial literacy and innovative products tailored to the needs of underserved communities. Cohee stated, "Every day we witness the transformative power of financial empowerment and the difference it makes in people's lives. This drives our passion and commitment to continue our mission."

Innovative Approach

What sets OneUnited Bank apart is its emphasis on leveraging cutting-edge technology to serve its clientele. The bank has adopted state-of-the-art solutions designed to create customized financial products, particularly focusing on low to moderate-income communities and historically underserved minority populations.

OneUnited Bank ensures that banking is more than just a transactional process; it offers a uniquely tailored experience that promotes informed financial decision-making. Their integration of artificial intelligence and data aggregation has been pivotal in enhancing financial literacy among customers. The bank provides alternatives to payday loans and strives to assist users in improving their financial health, addressing income gaps, and fostering economic opportunities nationwide.

Commitment to Community

With over 50 years of dedication to enhancing financial wellness, OneUnited Bank continues to unite communities to innovate and manage resources effectively. The bank’s products and services are inherently designed to meet the distinct banking needs of diverse groups, creating an ecosystem of financial growth and empowerment.

Mike Hofman, the editor-in-chief of Inc., praised the award's significance, stating, "For over 40 years, Inc. has been committed to recognizing America's most dynamic businesses and honoring the great work they do. These businesses have a profound impact on their industries, solving important problems and shaping the future of business in ways that will have lasting effects."

Inclusive and Open

The Inc. Best in Business Awards acknowledges companies across all sectors, encouraging businesses of all types and sizes to apply, regardless of their operations or organizational structure. This inclusivity ensures that a broad range of companies make up the list, all with a shared vision of influencing their communities positively and making impactful strides in their respective fields.

For additional information and to view the comprehensive list, readers are encouraged to visit Inc.com.

About OneUnited Bank

Established as the first Black internet bank and holding the status of a Community Development Financial Institution (CDFI), OneUnited Bank remains at the forefront of financial empowerment, having already garnered the Bank Enterprise Award for Community Development from the U.S. Department of Treasury for twelve consecutive years.

With a clear mission: to promote financial inclusion and progress, OneUnited Bank stands as a beacon of hope and a resource for improved financial literacy, continually shaping the future of banking for underserved communities.