Asian American-Owned Banks and Credit Unions

Asian American-owned banks and credit unions focus on providing services to the Asian American community in the U.S.

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Written by Chanelle Bessette
Lead Writer
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Edited by Sara Clarke
Assistant Assigning Editor
 
Fact Checked

Asian American-owned banks and credit unions typically aim to support the Asian American and Pacific Islander communities in the U.S. These financial institutions are spread throughout the country but have the greatest concentrations in California, Hawaii, New Jersey, New York and Texas.

» Want to see other minority-owned financial institutions? See our lists of Black-owned banks, Native American-owned banks and Hispanic American-owned banks

Frequently asked questions

An Asian American-owned bank or credit union is one where 51% or more of the voting stock is owned by Asian American individuals or a majority of the board of directors is Asian American and the community the bank or credit union serves is Asian American.

CDFIs are banks and credit unions that aim to support communities that have traditionally lacked access to mainstream banking services.

MDIs are banks and credit unions that predominantly serve a community of minority individuals, are minority-owned or minority-led, or have people of color as the majority of their customers or board members.

Yes, MDIs are open to anyone, even if you aren’t part of the minority demographic the bank or credit union focuses on. Keep in mind that credit unions sometimes have restrictions that could affect your ability to apply for membership. For example, you might need to live in a certain area, work for a certain employer or be related to a current credit union member.

List of Asian American-Owned Banks and Credit Unions

Here are the Asian American-owned banks and credit unions operating in the U.S.

  • Asian Bank.

  • Paper Converters Local 286/1034 Federal Credit Union.

Don’t see your Asian American-owned bank or credit union here? Let us know.

Note: This list is not necessarily exhaustive due, in part, to the different processes for banks and credit unions to be recognized as Asian American-owned. The Federal Deposit Insurance Corp. tracks eligible banks, and the National Credit Union Administration tracks eligible credit unions. These government lists were published in the last quarter of 2023.

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