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EIN 38-0480308

Credit Unions Chartered in the State of Michigan - 82 One Detroit Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
50
City
Detroit
State
Michigan
Year formed
1935
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
One Detroit Credit Union provides fair financial services to overlooked community members, including savings and lending programs. Located in Detroit.
Related structure
Credit Unions Chartered in the State of Michigan - 82 One Detroit Credit Union is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
One Detroit Credit Union; Credit Unions Chartered in the State of Communicating Arts Credit Union
Total revenues
$15,957,635
2023
20192020202120222023$6m$10m$14m
Total expenses
$8,204,182
2023
20192020202120222023$6m$8m
Total assets
$59,628,783
2023
20192020202120222023$30m$50m
Num. employees
50
2023
20192020202120222023040

Program areas at Credit Unions Chartered in the State of Michigan - 82 One Detroit Credit Union

Lend to low to moderate income members. These loan programs are targeted to our members to give them alternatives to the payday lenders and high interest rate car loans.
Our save to win certificate program gives the member the chance to win monthly cash prizes and possibly the grand prize of $10,000 while building a balance in a certificate.
Reduce member car loan interest rates.

Grants made by Credit Unions Chartered in the State of Michigan - 82 One Detroit Credit Union

GranteeGrant descriptionAmount
One Detroit FoundationCharitable Contribution$10,000

Who funds Credit Unions Chartered in the State of Michigan - 82 One Detroit Credit Union

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
InclusivCredit Union Impact Capacity Building$10,000

Personnel at Credit Unions Chartered in the State of Michigan - 82 One Detroit Credit Union

NameTitleCompensation
Hank HubbardVice President of Finance / President and Chief Executive Officer$404,675
Charles PruettChief Financial Officer
Joumana McDadExecutive Vice President , Chief Strategy and Innovatio / Chief Strategy and Innovation Officer$198,235
James AlbaniceVice President - Finance
Shavone GilstrapVice President and Human Resources / Vice President Or Human Resources$121,580
...and 2 more key personnel

Financials for Credit Unions Chartered in the State of Michigan - 82 One Detroit Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$8,337,968
Program services$6,836,037
Investment income and dividends$709,016
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$74,614
Total revenues$15,957,635

Form 990s for Credit Unions Chartered in the State of Michigan - 82 One Detroit Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-31990View PDF
2022-122023-11-13990View PDF
2021-122022-09-30990View PDF
2020-122021-09-14990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s
Data update history
January 4, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Updated personnel
Identified 2 new personnel
December 25, 2023
Used new vendors
Identified 3 new vendors, including , , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $59,000 from Local Initiatives Support Corporation
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
630 Howard St
Detroit, MI 48226
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
onedetroitcu.org/ 
Phone
(313) 965-8640
IRS details
EIN
38-0480308
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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