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National Credit Union Service Organization

ONE DETROIT CREDIT UNION

Dec, 31, 2023 — ONE DETROIT CREDIT UNION is a federally insured state chartered credit union headquartered in DETROIT, MI with 3 branch locations and about $59.82 million in total assets. Opened 89 years ago in 1935, ONE DETROIT CREDIT UNION has about 11,609 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 272078116
Name:ONE DETROIT CREDIT UNION
Address:
(Main Office)
630 Howard St
DETROIT, MI 48226
Phone:(313) 965-8640
Fax:(313) 965-0455
Website:https://www.onedetroitcu.org
Branches:3 branch locations
Members:11,609
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61495
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1935
Last Audited:Mar 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$59,821,765
CEO/Manager:Hank Hubbard
Chairperson:Anne Zobel

Call Report

  • Credit Builder
  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,990,727
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 11,697,694
 Unsecured Loans 9,730,140
 Other Loans 13,240,729
 TOTAL LOANS 34,668,563
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,465,868
 Land And Building 370,855
 Other Fixed Assets 295,567
 NCUSIF Deposit 427,723
 All Other Assets 0
  TOTAL ASSETS 59,821,765
LIABILITIES & CAPITAL:  
 Dividends Payable 67
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,158,416
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 922,000
 Share Drafts 8,974,950
 Regular shares 19,887,179
 All Other Shares & Deposits 15,312,818
  TOTAL SHARES & DEPOSITS 44,174,946
  TOTAL LIABILITIES 46,255,429
 Regular Reserve 0
 Other Reserves -1,315,776
 Undivided Earnings 14,882,112
  TOTAL EQUITY 13,566,336
  TOTAL LIABILITIES, SHARES, & EQUITY 59,821,765
INCOME & EXPENSE  
 Loan Income 3,081,736
 Investment Income 709,016
 Other Income 3,041,984
 Total Employee Compensation & Benefits 3,753,037
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,135,627
 Non-operating Income & (Expense) 8,341,211
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,169,789
 Cost of Funds 145,729
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,756,454
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