*In the midst of bad times created by the coronavirus epidemic and the social upheaval the country is experiencing, comes news that One United Bank growing by leaps and bounds.
The bank, the largest Black-owned financial institution in the US is being helped by the Black Lives Matter movement and helping customers in need, according to a TMZ report.
Kevin Cohee, the bank’s CEO says that in June, OneUnited boosted its customer base by 50 percent, and saw a record $50 million deposited into various accounts.
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Here’s more via TMZ:
One of those customers is Kammeo Bennett, a mother of 7 who was working as an Uber driver when the coronavirus hit. The pandemic sent her income to a screeching halt one day, but the bank helped her get back on her feet.
Kammeo needed money to support her family and reached out to a few banks about a PPP loan, but didn’t follow through with an application until she found OneUnited Bank, which, as a black-owned institution, made her feel more comfortable as a black woman.
Bennett ending up being the first OneUnited customer awarded a PPP loan. She says she couldn’t believe it when the bank called, and says the loan was her saving grace.
Cohee says there’s an increased demand for the bank’s services across the board, and website traffic was up 100 percent in June compared to all of last year!
We’re told the boost in biz has resulted in OneUnited doubling its social media team, and increasing its customer service reps by 50 percent since March.
The report goes on to say that even though the surge in business happened at the same time as folks took to the streets to protest racism and police brutality, the bank had already begun it’s marketing efforts prior to the coronavirus lockdown. Actually, according to Cohee, the rise in business began in March with some new technology rollouts that made online banking at OneUnited easier.
Oh yeah, it also had a hit with its Harriet Tubman debit card a month earlier.
Naturally, OneUnited is supporting Blackout Day 2020 TODAY, July 7. And just in case you need a breakdown as to what it is, it is an economic boycott urging people to support Black-owned businesses exclusively.
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