OneUnited Bank's CEO Kevin Cohee Talks #BlackoutDay2020 and Banking Black

Blackout Day 2020 is here and now more than ever we as a community need to understand the importance of our dollar. On July 7th, Black people and their supporters will be protesting with their wallets. On this day, no dollar will be spent outside of Black-owned businesses.

As our quest for knowledge and equality continues, the next conversation that needs to be had is how can we strengthen our community? One company that is striving to empower and raise awareness is OneUnited Bank, the largest Black-owned bank. Since its inception, its goal has been to educate and empower the Black community. With over 2 million supporters uniting for the mission of economic solidarity to fight systemic racism, they have made it clear that it's a new day! Elected officials, corporations and organizations are addressing systemic racism at all levels...from the boardroom to senior management, staffing, policies, and brand names. We've made it clear that we will no longer tolerate injustice and inequality

With the attention of the majority, there has been a major shift in addressing systemic racism. OneUnited Bank is designed to garner the economic spending power of Black America and utilize that power to help empower our people. As a new member of the OneUnited Bank family, I was honored to speak to their CEO Kevin Cohee about the importance of banking Black and what we all can do to empower our community.

Why is it important for us all to participate in #BlackOutDay2020?

That day is about understanding and controlling economic spending power. The goal is to steer the dollars we spend into Black businesses. It'll have a significant impact on the economic well being of Black Americans. If we can steer money away from or to corporations that do things that are positive for the community, we can also help to effect change. One type of "economic activism" is being able to get our people to a place where we can affect corporations and governmental entities to get them to do the things that are necessary for us as a people to be successful. The next step is for institutions like OneUnited Bank to step up and help educate our people on where we are in the struggle. We have to start the process of using our newfound organization to effect change. Once they realize how much our dollar truly matters, then conversations will be had in the boardroom about how they can better serve our needs.