“A race that is solely dependent upon another for its economic existence sooner or later dies” Marcus Garvey Now more than ever it our responsibility to be the commanders of our own economic fate. Supporting non-melanated banks have been the norm and will not change in the near future. Humans by default are creatures of habit, however, we do posses the ability to add to our currently situation. With that being said, I feel that we have an obligation to support the banking institutions that are in and support our communities. A few ways to support: 1. Open an account for your children and explain the importance or supporting Black financial institutions. 2. Open and additional account for yourself and family. Get to know the people at these local Banks. 3. If you own a business transfer your business accounts to a Black owned institution. 4. Tell a friend who don’t have a bank account and encourage them to open an account. 5. Close your current accounts at other institutions and transfer that money to a Black own Bank or credit union. 6. Encourage your church, lodge, fraternity, sorority, or any organization that you may be a part of to open an account at one of these institutions Like I said before, I understand that change is hard and where our money is concerned, the uncertainty makes reconfiguring your normal way of doing things that much more difficult. We become use to the commercial banking institutions, they have large advertising machines, and have been a well-known comfort since we were old enough to open our first account. However, I would like to say this, all of the well known and commercial institutions had to start somewhere. Many of the Banks and Credit Unions listed have been around for years and even decades. Most of these institutions have a storied history of serving a need in our communities when there were no other options. So, I say to you, Support those who support you. Support the Banks and Credit unions in your neighborhood. Support your family and yourself, by supporting them. There are already over 35 African-American owned banks and credit unions in the United States where you can put your money if you find these type of efforts for financial stability and reinvestment in the Black community important.
Check out the list below!
*Sourced from watchedtheyard.com
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AuthorOn my Bike and My grid riding both until the wheels fall off. Archives
February 2023
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