MY PIGGY BANK IS BROKEN
When I was a little kid, I use to keep two or three piggy banks. One for pennies, one for what I call big change, and one for dollar bills. They were made out of glass or plastic that I got from my parents and when they were full or half 
In the last fifty years, our piggy bank has been broken. According to most financial experts half the people in this country live from paycheck to paycheck. Savings are at an all time low and most times non existent.
There was a time when savings were a mainstay to purchase a home, and start a small business or helping your children go to college. In fact, it was so important that after reconstruction it was extremely difficult to receive money in fair and equitable ways.
In 1889 on April 3rd the Rev William Washington Brown founded the True Reformers Bank that helped African Americans established small businesses and assisted in land and housing purchases. They operated in 24 states and closed in 1910.
The National Bankers Association was founded in 1927 and In the twenty first century there are 177 minority banks that are operated and owned by African Americans, Native Americans, Hispanic Americans, East Indian Americans, Asian Americans, and Women (MWOB’s) Minority Woman Owe Banks. African Americans own and operate over 50 banks and credit unions, and savings and loans. There are currently over 15,000 banks and credit unions in this country. There is no question minority banks are under-served.
The last ten years or more there has been an awakening in support of the African American financial institutions. These financial institutions have over two trillion in assets and assistance for their community in housing and small business loans. Black American Gross Domestic Income (GDI) is over 1.5 trillion. There is currently a financial movement to support these institutions. They are located in many major cities and the competition for deposits and checking accounts are very difficult to compete with the top 10 national banks. But with online banking, it has opened a door to create new customers. If every Black household open a savings or checking account with Black owned banks that would generate billions of capital to help escalate economic development.