How Blacks Took Banking Into Their Own Hands

Many folks try to make a dollar out of 15 cents, but African Americans don’t always take those nickels and dimes to a bank. More than 18% of African Americans don’t have traditional bank accounts, compared with 7% of all Americans, according to the Federal Deposit Insurance Corp. But where banks don’t fill the bill, communities have created their own solutions, including grassroots traditions and minority-owned banks and credit unions.