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:

Homeownership
Life Insurance
Investments
Profitable Business
Credit Score
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 #AMI

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:
<hr>
🔑 Key Themes &amp; Takeaways 1. OneUnited Bank&rsquo;s Mission &amp; Reach
<ul>
<li>Formed by merging four Black-owned banks in Boston, Miami, and Los Angeles.</li>
<li>First Black-owned digital bank (since 2005).</li>
<li>Serves customers in all 50 states.</li>
<li>Offers accessible, affordable financial services and promotes financial literacy.</li>
</ul>
2. Digital Banking for Underserved Communities
<ul>
<li>OneUnited provides:
<ul>
<li>Mobile check deposit (via smartphone).</li>
<li>Early direct deposit (get paid 2 days early).</li>
<li>Access to 100,000+ surcharge-free ATMs (including Walgreens, 7-Eleven, Chase, Citibank).</li>
</ul>
</li>
<li>Designed to combat financial deserts and predatory check-cashing services in Black communities.</li>
</ul>
3. Financial Literacy &amp; Trust
<ul>
<li>Teri emphasizes the need for Black communities to trust Black-owned institutions.</li>
<li>OneUnited is FDIC-insured and uses cutting-edge technology, including AI.</li>
<li>Financial literacy is key to building generational wealth.</li>
</ul>
4. WiseOne AI Tool
<ul>
<li>An AI-powered financial assistant that:
<ul>
<li>Tracks spending and subscriptions.</li>
<li>Offers insights on saving and debt reduction.</li>
<li>Aggregates data from multiple accounts to show net worth, cash flow, and financial health.</li>
</ul>
</li>
</ul>
5. Youth Financial Literacy &ndash; &ldquo;I Got Bank&rdquo; Contest
<ul>
<li>15th annual contest for kids ages 8&ndash;12.</li>
<li>Participants submit an essay or artwork based on a financial literacy book.</li>
<li>Ten winners receive $1,000 savings accounts.</li>
<li>Book: I Got Bank by Teri Williams (available free at oneunited.com/book).</li>
</ul>
6. OneTransaction Concept
<ul>
<li>Focuses on six key financial transactions to build generational wealth:
<ol>
<li>Homeownership</li>
<li>Life Insurance</li>
<li>Investments</li>
<li>Profitable Business</li>
<li>Credit Score</li>
<li>Savings</li>
</ol>
</li>
<li>Encourages individuals to focus on just one to start their wealth-building journey.</li>
<li>Learn more: oneunited.com/onetransaction</li>
</ul>
<hr>
💬 Notable Quotes
<ul>
<li>&ldquo;We are a real bank, not a fintech. We are FDIC-insured.&rdquo;</li>
<li>&ldquo;We are great with money. We just haven&rsquo;t always had access.&rdquo;</li>
<li>&ldquo;Focus on one transaction. That&rsquo;s all it takes to start building generational wealth.&rdquo;</li>
</ul>
<hr>
#SHMS #STRAW #BEST #AMI

Hi, this is Rushion McDonald. Welcome to the podcast world of Money Making Conversations Master Class. I interview profits and nonprofits to learn their "Secrets to Success."  I'm a former IBM Executive with a degree in Mathematics. I started my entrepreneurial career as a stand-up comic, then became a sitcom writer, award-winning baker, social media influencer, award-winning television Executive Producer, and brand architect for super-successful celebrities and products. Money Making Conversations Master Class interviews a diverse group of celebrities, entrepreneurs, and influencers in the financial and business community with their advice and tips so you can be successful, too. It's time to stop reading other people's success stories and start building your own. People always talk about their purpose or gifts. If you have a gift, Lead with your Gift, and don't let your friends, family, or co-workers stop you from planning or living your dream. Keep Winning!

https://www.moneymakingconversations.com

https://www.youtube.com/MoneyMakingConversations

https://www.facebook.com/MoneyMakingConversations/

https://twitter.com/moneymakingconv

https://www.instagram.com/moneymakingconversations/

Hi, this is Rushion McDonald. Welcome to the podcast world of Money Making Conversations Master Class. I interview profits and nonprofits to learn their "Secrets to Success."  I'm a former IBM Executive with a degree in Mathematics. I started my entrepreneurial career as a stand-up comic, then became a sitcom writer, award-winning baker, social media influencer, award-winning television Executive Producer, and brand architect for super-successful celebrities and products. Money Making Conversations Master Class interviews a diverse group of celebrities, entrepreneurs, and influencers in the financial and business community with their advice and tips so you can be successful, too. It's time to stop reading other people's success stories and start building your own. People always talk about their purpose or gifts. If you have a gift, Lead with your Gift, and don't let your friends, family, or co-workers stop you from planning or living your dream. Keep Winning!
https://www.moneymakingconversations.com
https://www.youtube.com/MoneyMakingConversations
https://www.facebook.com/MoneyMakingConversations/
https://twitter.com/moneymakingconv
https://www.instagram.com/moneymakingconversations/

Money Making Conversations Master Class

Uplift: Banking designed to combat financial deserts and predatory check-cashing services.

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