OneUnited Bank - First Black Owned Internet Bank

[Im The Truth]

OneUnited Bank
100 Franklin Street
Suite 600
Boston, MA 02110
Phone: (617) 457-4400
Fax: (617) 457-4430
Email: bcooper@oneunited.com
Web Site: https://www.oneunited.com/

OneUnited Bank is the first Black-owned internet bank, the first Black-owned interstate bank and the largest Black-owned and managed bank in the country with offices in urban communities of California, Florida and Massachusetts. Its mission is to provide affordable financial services to support economic development in urban communities and maintain superior financial performance to maximize shareholder value.

The Bank's operations consist primarily of originating and purchasing mortgage loans - with a focus on urban and low-to-moderate income communities - and funding that activity with the gathering of affordable FDIC insured deposits. The Bank supplements mortgage lending activities with additional interest-earning assets such as United States Government Agency securities and mortgage-backed securities and funding sources such as advances from the Federal Home Loan Bank of Boston. The Bank generates fee income on deposit and loan accounts and, depending on market conditions, net gains on sales of securities and loans. The level of its expenses such as salaries and benefits, occupancy and equipment costs, other general and administrative expenses and income tax expense further affects the Bank's net income. The Bank's mission is to achieve superior financial performance.

The Bank began almost 50 year ago with the opening of Unity Bank & Trust in Boston, Massachusetts. OneUnited Bank was established by combining Black-owned banks across the country with the same mission -Founders National Bank of Commerce in Los Angeles, Family Savings Bank in Los Angeles, Peoples National Bank of Commerce in Miami and Boston Bank of Commerce (the predecessor to OneUnited Bank) - to create the fastest growing and premier bank in America serving urban communities. OneUnited Bank plans to continue to expand its branch network by acquiring financial services companies that share its mission and opening new or de novo branches and stand-alone automated teller machine centers in urban communities. OneUnited Bank introduced its internet branch in February 2006 to attract customers nationwide who support its mission.

The OneUnited Bank vision is to unite urban communities across America and build wealth. As an FDIC insured institution, with state-of-the-art technology, a dedicated and experienced branch staff and loan officers who know customers by name, with over a half a billion dollars in assets and locations from coast-to-coast, the Bank is ready to serve.

To learn more about OneUnited Bank, explore this website or visit one of our branches today.

-Member Benifits

At OneUnited Bank, we are committed to serving you. As a Member, you join the thousands of families and business owners across the country who are committed to the development of urban communities just like yours. With Membership, you can obtain:

* Great rates with our internet products
* Free online banking
* Free online bill payment services
* Free Visa Debit card
* No or low monthly account maintenance fees
* No or low minimum balances to avoid fees
* No ATM fees for proprietary ATMs
* No check cashing fees
* No transaction or per check fees
* Free 24 hour telephone banking
* Convenient banking by mail and direct deposit
* Convenient personal service by phone
* Free membership for senior citizens 65 and over and youth 18 and under!

For more information, see OneUnited Bank Truth In Savings Disclosures in our branches or online for Internet Membership and Internet Products.

Become a Member of OneUnited Bank and choose the Membership type to best meet your needs. Our Membership Program offers packages of unique checking, savings and money market accounts that are affordable and convenient.

• Internet Membership

• FreeStyle Membership

• Gold Membership

• Senior Membership

• U2 Membership

• Youth Membership