AFRICANGLOBE – In response to injustice, millions of dollars have been deposited into Black banks and credit unions as part of a growing economic protest, the #BankBlack movement. Coupled with the #BuyBlack movement, #BankBlack focuses on empowering African-American communities throughout the nation. Rapper Killer Mike, and other celebrities like Solange and Usher, endorsed the Bank Black movement in response to high profile police killings.
In 2016, OneUnited Bank, the nation’s largest Black owned bank, added $20,000,000 in deposits and generated $130,000,000 in loans! They increased their staff by approximately 10%, which created more jobs for the community and reduced wait time by 95%.
The overall message is that 50 million African-Americans with 1.3 trillion dollars have tremendous economic power. ‘Black Money Matters’ and 2019 promises to be another record-breaking year. One day before MLK was assassinated, Dr. Martin Luther King Jr. asked people in Memphis to put their money in a Black bank. Almost 50 years later, the call to action remains the same. Bank Black. Buy Black. Join the movement.