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United Way of Central Oklahoma

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Unbanked & Underbanked Households

Unbanked - No one in the household has a checking or savings account.

Underbanked - If a household has a checking or savings account and still had to use an alternative financial service provider in the past 12 months. Such as money orders, payday loans, pawn shop loans, etc.

Fully Banked - A household has a checking or savings account and did not have to use alternative financial services in the past year.

Characteristics of Unbanked and Underbanked Households - United States 2015
   Number of Households (1000s)  Unbanked Households (Percent) Underbanked Households (Percent) Banked: Fully  Banked Households(Percent)
All                                     127,538 7.0% 19.9% 68.0%
Household Type 
Female Individual 23,474 6.8% 18.1% 69.5%
Male Individual 22,100 9.8% 19.6% 65.5%
Unmarried Female-headed Family 15,998 16.2% 29.1% 49.6%
Unmarried Male-headed Household 6,143 9.8% 27.0% 57.3%
Married Couple 59,549 3.3% 17.6% 74.4%
Ethnicity
Caucasian 85,428 3.1% 15.6% 76.6%
African-American 17,961 18.2% 31.1% 45.5%
Asian 6,275 4.0% 21.0% 67.2%
Other 1,768 11.1% 27.5% 56.7%
Hispanic (with other ethnicity) 16,106 16.2% 29.3% 48.9%
Language 
Spanish is Not Only Language Spoken 124,675 6.5% 19.7% 68.5%
Spanish is Only Language Spoken 2,863 31.0% 29.1% 33.9%
Age 
15-24 6,648 13.1% 29.4% 52.1%
25-34 21,005 10.6% 24.5% 60.8%
35-44 21,640 8.9% 22.7% 63.1%
45-54 23,773 6.7% 21.1% 67.5%
55-64 23,981 5.8% 18.5% 70.9%
65+ 30,491 3.1% 13.0% 78.1%
Disability Status 
Disabled, age 25 to 64 11,497 17.6% 28.4% 49.7%
Not Disabled, age 25 to 64 78,902 6.5% 20.6% 68.1%
Education 
No High School Diploma 13,802 23.2% 25.9% 46.4%
High School Diploma 33,239 9.7% 22.2% 62.9%
Some College 37,512 5.5% 22.0% 67.7%
College Degree 42,985 1.1% 14.5% 79.1%

Source: 2015 Federal Deposit Insurance Corporation (FDIC) National Survey of Unbanked and Underbanked Households - Appendix Table A.1

Unbanked & Underbanked Households - Oklahoma
   Number of Households (1000s)  Unbanked Households (Percent) Underbanked Households (Percent) Banked: Fully  Banked Households(Percent)
Oklahoma 1603 11.0% 26.4% 60.6%
Oklahoma City Metro Area                                            563 13.3% 26.7% 58.6%

Source: 2015 Federal Deposit Insurance Corporation (FDIC) National Survey of Unbanked and Underbanked Households - Appendix Tables A.7 & A.11