Black-owned banks and credit unions work to close the racial wealth gap

ABC News’ Morgan Norwood reports on the history and importance of the nation’s minority depositories, with Black-owned banks and credit unions navigating concerns amid recent regional bank failures.
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#ABCNews #prime #blackownbusiness #wealthgap #creditunion

[@ishamiah1619]

BUY BLACK! INVEST IN BLACK OWNED BUSINESSES...

[@m.k.s.7417]

K. Boss, A Please would be rather nice-y, J.K. -L.O.L.

[@kaboyodaniel3630]

I just got to learn about Black wall street.

[@kjones081]

This is very refreshing to see ABC News cover this. They were bold and transparent about the conditions of Black America when it comes to our financial past, present and future. It's just sad to see that this clip only had (at the time of this comment) 4.6k views while ABC news have over 14.7 million subscribers on YT. It's clear that the algorithms on media outlets such as YT, don't want this to have hardly any reach, compared to the other races and subjects that's more favorable in nature.

[@tahyirasavanna]

Yup - its why Black entrepreneurs are being crushed with spam on Meta X and IG as well... they are trying to limit the freedom of Black wealth in 2023

[@gisele422]

More stories like this please ❤

[@spliffy_kohlab8336]

Ok great... But 78 mil ...? Quarter bil would have been more impactful..

[@blackmaster999]

GREAT. WE NEED MORE BLACK-OWNED BANKS AND FINANCING COMPANIES.

[@audreydaleski1067]

Love it!

[@FireWallthefts]

Why Black Americans don't get along with the country Africa

[@yusefshakur669]

The African treat us crap and we are not African

[@bobcourtier4674]

In the early 90s the largest bank in Arizona, Valley Bank, had never made a black home loan.

[@MsKeepgodfirst]

Ok many did. What's your point?

[@katrinab7657]

​@@MsKeepgodfirstprobably just a statistic to prove that this is a real issue, not something someone dreamed up

[@sadikmeah4057]

Can you blame them?

[@CRP3252]

​@@sadikmeah4057it permanently happened over time so yeah, I can blame them

[@IkeTurner2.0]

What if black banks rid themselves of white currencies havig the meaning of versatile currencies eliminating Israel and America from Black politics and now having to recognize them as a country within a country or the means of buying the country as in land explorate or land gain???

[@SithLordPrince]

Cap. Not possible. It has never worked. All you have to do read about these same efforts during and after Reconstruction. Lets stop making excuses.

[@alonzowhite4826]

Awesome story

[@MrMaloty]

💪🏾💪🏾💪🏾💪🏾💪🏾💪🏾💪🏾💪🏾

[@m.k.s.7417]

Happy: -"#Black History_Month"; "from: 1 "Minority - comm."; to: another!!!!"!! ;) :)

[@charlesfriscia7236]

Guess you want alot more defaults on your loans...GIVING A LOAN BECAUSE OF COLOR IS INSANITY!!!!!

[@natashaboles2223]

The fact that you really don't understand that these banks are nit juat lending because of the color of your skin is INSANE! The fact that you don't understand that you can be denied a loan just because the color of your skin is INSANE! The fact that people still don't want to recognize, acknowledge institutional and systematic racism in 2023 and pretend every is unicorn and rainbows utopia is INSANE!

[@FloTflo-ri4ui]

Not giving someone a loan based on skin color is insane! But nice racist default remark, like y’all 🤡 pay your bills!

[@gisele422]

That statement just proves there is still a need to mitigate racism in the U.S. The fact that you don't recognize how harmful it is to stereotype an entire group of people.

[@phobedavis7014]

You are right. It should not be based on color. It should be based on the ability to pay back the loan. That's what most black people want.

[@mikemoore1052]

​@FloTflo-ri4ui they can't refute the facts. Racist have been benefitting from handouts forever!

[@epica007]

Black privilege

[@katrinab7657]

What??

[@alfredbaxter1061]

what is black privilege

[@KLuqman01]

When Whites, Latinos, and Asians do likewise, hypocrite like you are silent. You are simply the enemy.