Circle · U.S. · South Korea · Fortune Technology
America’s largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth
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For more than 50 years, OneUnited Bank has operated on the belief that financial empowerment in Black communities requires more than products and services—it requires confronting the systems that keep wealth out of reach.
Key facts
- The bank, a designated Community Development Financial Institution (CDFI), has financed nearly $1 billion in loans —the majority in low-to-moderate income communities like South Central, Compton
- She grew up in Indiantown, Florida, before earning a full scholarship to Brown University and later for a Harvard MBA, and in navigating that distance, she slowly buried the memory
- The show is co-hosted by Teri Williams, OneUnited’s President and COO, and Suzan McDowell, President and CEO of Circle of One Marketing, a Miami-based multicultural agency
- Williams said that when she began in financial services in the early 80’s, it was one of the least diverse industries
Summary
On May 5, OneUnited launches Who’s Your Ma Honey?, a 10-episode podcast and video series that the Boston-based bank frames as both a cultural reckoning and a direct extension of its community development work. The concept lands with particular weight coming from OneUnited. “Undeserved shame is the silent barrier that impedes personal growth and financial empowerment,” the bank said in announcing the show, a framing that ties the psychological directly to the economic. The show is co-hosted by Teri Williams, OneUnited’s President and COO, and Suzan McDowell, President and CEO of Circle of One Marketing, a Miami-based multicultural agency.