Sep, 30, 2025 — ONE DETROIT CREDIT UNION is a federally insured state chartered credit union headquartered in DETROIT, MI with 4 branch locations and about $62.44 million in total assets. Opened 91 years ago in 1935, ONE DETROIT CREDIT UNION has about 12,588 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| 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: | 4 branch locations |
| Members: | 12,588 |
| 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, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $62,437,581 |
| CEO/Manager: | Portia Powell |
| Chairperson: | Kai Bowman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,935,447 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,691,540 |
| Unsecured Loans | 11,405,744 |
| Other Loans | 11,857,400 |
| TOTAL LOANS | 35,954,683 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,682,988 |
| Land And Building | 150,030 |
| Other Fixed Assets | 935,568 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 420,520 |
| All Other Assets | 0 |
| TOTAL ASSETS | 62,437,581 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 80 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,174,307 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 922,000 |
| Share Drafts | 8,636,895 |
| Regular shares | 20,951,526 |
| All Other Shares & Deposits | 16,676,985 |
| TOTAL SHARES & DEPOSITS | 46,265,407 |
| TOTAL LIABILITIES | 49,361,794 |
| Regular Reserve | 0 |
| Other Reserves | -663,152 |
| Undivided Earnings | 13,738,939 |
| TOTAL EQUITY | 13,075,787 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,437,581 |
| INCOME & EXPENSE | |
| Loan Income | 2,627,682 |
| Investment Income | 566,684 |
| Other Income | 2,286,378 |
| Total Employee Compensation & Benefits | 3,336,879 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,135,250 |
| Non-operating Income & (Expense) | 118,928 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 803,406 |
| Cost of Funds | 243,608 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,188,496 |
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