Financial Tips: OneUnited Bank mission is to provide affordable financial services in urban communities nationwide.
The Steve Harvey Morning Show
iHeartPodcasts
4.5 • 2.2K Ratings
🗓️ 2 December 2024
⏱️ 36 minutes
🧾️ Download transcript
Summary
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Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Kevin Cohee.
He is the owner, Chairman and Chief Executive Officer of OneUnited Bank, the largest Black owned bank and the first Black owned internet bank in America. In the aftermath of the protest against police brutality in 2016, Mr. Cohee created and spearheaded the Bank Black movement resulting in Black people transferring tens of millions of dollars into Black owned banks as a form of social protest. Through Mr. Cohee’s visionary leadership, OneUnited Bank has exceeded industry averages year after year regarding asset growth and profitability. From 1996 to the present, OneUnited assets have grown from $56 million to over $650 million. The Bank has consistently been profitable and achieved a compound growth rate on its common equity of over 35%. A successful business executive and entrepreneur for almost 20 years, Mr. Cohee founded a consulting firm in 1979 specializing in acquisition of radio and television stations by minorities. After obtaining his JD/MBA in 1985, Mr. Cohee became an investment banker at Salomon Brothers, Inc.
Company Description *
OneUnited Bank is the premier bank for urban communities, the largest Black-owned bank, the first Black internet bank and a Community Development Financial Institution (CDFI). Its mission is to provide affordable financial services to support economic development in urban communities and maintain superior financial performance to maximize shareholder value. OneUnited is an FDIC insured bank and an equal housing lender.
He is the CEO of OneUnited Bank, America’s largest Black-owned bank. Discover how OneUnited is transforming financial access through artificial intelligence technology and innovation, offering tools to help underserved communities build wealth and financial literacy. Cohee shares powerful insights on breaking down barriers in banking, leveraging technology for financial empowerment, and creating opportunities for a brighter economic future. Tune in to learn how you can take control of your financial journey with resources tailored to uplift and empower!
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Transcript
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| 0:04.7 | Fiasco is a history podcast for the co-creators of Slow Burn. |
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| 1:29.3 | My next guest, he's the owner, chairman, and chief executive officer of One United Bank, |
| 1:35.4 | the largest black-owned bank and the first black-owned internet bank in America. |
| 1:40.7 | The bank has consistently been profitable and achieved a compound growth rate on its common equity of over 35%. |
| 1:48.3 | Please welcome to Money Making Conversations in Masterclass, Kevin Cohe. |
| 1:52.5 | How you doing, Kevin? |
| 1:54.0 | Great, man. |
... |
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