Financial Tips: Teri says ONEUNITED Bank is a real bank, not a fintech. We are FDIC-insured.

Author: iHeartPodcasts August 30, 2026 Duration: 25:29

Comedy Culture Society Society & Culture

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Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Teri Williams.

Thanks! The transcript from this episode of Money Making Conversations Masterclass features a powerful and informative interview with Teri Williams, President, COO, and owner of OneUnited Bank, the largest Black-owned bank in the United States. Here's a breakdown of the key highlights and takeaways:

🔑 Key Themes & Takeaways 1. OneUnited Bank’s Mission & Reach

Formed by merging four Black-owned banks in Boston, Miami, and Los Angeles.
First Black-owned digital bank (since 2005).
Serves customers in all 50 states.
Offers accessible, affordable financial services and promotes financial literacy.

2. Digital Banking for Underserved Communities

OneUnited provides:
- Mobile check deposit (via smartphone).
- Early direct deposit (get paid 2 days early).
- Access to 100,000+ surcharge-free ATMs (including Walgreens, 7-Eleven, Chase, Citibank).
Designed to combat financial deserts and predatory check-cashing services in Black communities.

3. Financial Literacy & Trust

Teri emphasizes the need for Black communities to trust Black-owned institutions.
OneUnited is FDIC-insured and uses cutting-edge technology, including AI.
Financial literacy is key to building generational wealth.

4. WiseOne AI Tool

An AI-powered financial assistant that:
- Tracks spending and subscriptions.
- Offers insights on saving and debt reduction.
- Aggregates data from multiple accounts to show net worth, cash flow, and financial health.

5. Youth Financial Literacy – “I Got Bank” Contest

15th annual contest for kids ages 8–12.
Participants submit an essay or artwork based on a financial literacy book.
Ten winners receive $1,000 savings accounts.
Book: I Got Bank by Teri Williams (available free at oneunited.com/book).

6. OneTransaction Concept

Focuses on six key financial transactions to build generational wealth:
1. Homeownership
2. Life Insurance
3. Investments
4. Profitable Business
5. Credit Score
6. Savings
Encourages individuals to focus on just one to start their wealth-building journey.
Learn more: oneunited.com/onetransaction

💬 Notable Quotes

“We are a real bank, not a fintech. We are FDIC-insured.”
“We are great with money. We just haven’t always had access.”
“Focus on one transaction. That’s all it takes to start building generational wealth.”

#SHMS #STRAW #BEST

Money Making Conversations Master Class with Rushion McDonald is America's premier entrepreneurship, business leadership, financial literacy, and wealth-building podcast featuring successful entrepreneurs, executives, founders, celebrities, and industry experts sharing actionable insights for professional and financial success.

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