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Uplift: She oversees largest Black owned bank where paycheck paid 2 days early and 100,000+ Surcharge-Free ATMs.

The Steve Harvey Morning Show
The Steve Harvey Morning Show
Episode • May 6 • 26m

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:
    1. Homeownership
    2. Life Insurance
    3. Investments
    4. Profitable Business
    5. Credit Score
    6. 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

#BEST

#SHMS

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See omnystudio.com/listener for privacy information.

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