Bank · FDIC insured
OneUnited Bank
A $637.9M bank headquartered in Boston, MA, with 5 branches in 3 states. Best rates: CDs 3.75% and savings 0.40% APY.
OneUnited Bank Carrot Score
64
Carrot Score
Higher than 11% of U.S. banks and credit unions
#122 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About OneUnited Bank
Founded in 1968, OneUnited Bank is a Community Development Financial Institution headquartered in Boston, Massachusetts.
Owned by Kevin Cohee and Teri Williams, the Black-owned bank was created through bank mergers and operates branches across Boston, Los Angeles, and Miami.
- Headquarters
- 185 Devonshire St, Boston, MA 02110
- FDIC certificate
- 23966 ↗
Branches
5 branches in 3 states
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California
2 branches
- Compton Branch1495 N Wilmington Ave, Compton, CA 90222Directions
- Crenshaw Branch3683 Crenshaw Blvd, Los Angeles, CA 90016Directions
Massachusetts
2 branches
- OneUnited BankMain office185 Devonshire St, Boston, MA 02110Directions
- Grove Hall Branch648 Warren St, Dorchester, MA 02121Directions
Florida
1 branch
- 79th Street Branch3275 Nw 79th St, Miami, FL 33147Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.43% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.42% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | -0.80% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $80 | $81 | — |
- CapitalLeverage ratio10.43%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.42%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets-0.80%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$80Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of OneUnited Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.