Tag Archives: minority banks

HBCU Money’s 2016 African American Owned Credit Union Directory


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All credit unions are listed by state and in alphabetical order. In order to be listed in our directory the credit union must have an African American designation. Click on the state to view the full list available. If the credit union has a website you can click on the name and go directly to their website.

There are 318 African American designated credit unions with assets totaling approximately $5.8 billion in assets or approximately 0.51 percent of African America’s $1.1 trillion in buying power. African American credit unions have a total of 863 670 members.

ADDITIONAL NOTES:

  • African American credit unions comprise 49.6 percent of Minority Serving credit unions and 5.2 percent of all US credit unions
  • The total assets for all US minority credit unions is $36.4 billion, with AACUs controlling 16.2 percent of those assets. Total combined assets for all US credit unions are $1.2 trillion, with AACUs controlling 0.48 percent of total American credit union assets.
  • AACUs average assets: $18.4 million ($17.9 million)
  • AACUs average number of members 2 725 (2 688)
  • AACUs median assets: $1.4 million ($1.4 million)
  • AACUs median members: 505 (491)
  • For comparison, Asian American credit unions have approximately 362 000 members and $4.6 billion in assets. Average and median assets of $83.1 million and $30.0 million, respectively.

African American Owned Credit Unions by State:

Alabama

Arkansas

California

Connecticut

District of Columbia

Delaware

Florida

Georgia

Illinois

Indiana

Kentucky

Louisiana

Maryland

Massachusetts

Michigan

Mississippi

New Jersey

New York

North Carolina

Ohio

Pennsylvania

South Carolina

Tennessee

Texas

Virginia

Virgin Islands

Washington

West Virginia

Wisconsin

 

 

HBCU Money™ Dozen 1/12 – 1/16


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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

Largest-Ever Study Quantifies Value Of Rooftop Solar l Clean Technica http://dlvr.it/86h3sQ

This walking fish could overturn how we think about evolution l New Scientist http://ow.ly/HnZKx

Solar Funding Saw Massive Growth In 2014 l Clean Technica http://dlvr.it/86gWY3

Cooler than cubicles: 18 new designs for the office l Network World http://ow.ly/Ho0mh

Scientific Report Shows Strong Connection between Wetlands, Streams, Rivers and Estuaries l EPA Research http://ow.ly/Ho1cU

U.S. awards $40 million for Great Lakes conservation projects l IL-IN Sea Grant http://bit.ly/1G1TQHg

Federal Reserve, Central Banks, & Financial Departments

Cash home sales continue decline, falling 38.7% YOY l Housing Wire http://hwi.re/86hJwV

Americans Still Love Cash — And Plenty Of It l PYMNTS http://ow.ly/Ho3F5

What important role do minority depository institutions play in US financial system? l SF Fed http://bit.ly/1AgDfKV

9 tips for waking up earlier and being more productive l World Economic Forum http://wef.ch/1BvrKzR

Egypt surprises markets by cutting rate 50 bps l Central Bank News http://dlvr.it/86g0MV

How do startups finance themselves? New survey data finds out. l Atlanta Fed http://goo.gl/AvNCB6

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.