Overview
What is One Detroit Credit Union?
One Detroit Credit Union is a community-focused nonprofit based in Detroit, Michigan. Situated at 630 Howard Street, the organization aims to support low to moderate-income individuals by offering alternative financial solutions. This includes loans, serving as an alternative to payday lenders and high-interest rate car loans. The credit union's mission is to assist people who have been overlooked by the mainstream banking system, providing them with credible, fair, and reasonably priced financial products and services. In pursuit of this mission, the credit union employs 59 individuals, dedicated to impacting and improving lives in their community.
Official website here: www.onedetroitcu.org
What do the Facebook reviews say about One Detroit Credit Union?
80% of 26 reviewers on Facebook recommend One Detroit Credit Union. Here is a summary of their reviews:
Many individuals express a strong appreciation for the team's approachability and supportiveness, with one reviewer highlighting the quality of service as exceptional. The sentiment indicates that customers feel well taken care of by the staff, who are described as friendly and helpful. This emphasis on a positive team dynamic contributes to a favorable perception of the credit union as a whole.
Overall, patrons seem to feel a sense of loyalty and trust towards One Detroit Credit Union, suggesting that their experiences align with the organization’s mission to provide personalized and efficient financial services.
This AI summary has been generated from reviews found on Facebook.
Is One Detroit Credit Union legitimate?
One Detroit Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. One Detroit Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $623,168
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,740,912
For more financial information, click here
Official website here: www.onedetroitcu.org
What is the mission statement of One Detroit Credit Union?
One Detroit Credit Union's mission is centered around assisting individuals in the community who have been overlooked by mainstream banking systems. They achieve this by offering credible, fair, and reasonably priced financial products and services. The credit union's objective is to impact and change lives, providing alternatives to payday lenders and high-interest rate car loans for their low to moderate income members. The overarching goal is to help these individuals gain access to financial services that cater to their needs.
Official website here: www.onedetroitcu.org
Who is the CEO of One Detroit Credit Union?
Hank Hubbard is the President/Ceo of One Detroit Credit Union. The CEO's salary of One Detroit Credit Union is $404,675 and their total compensation is $422,228.
Official website here: www.onedetroitcu.org
What is the revenue of One Detroit Credit Union?
One Detroit Credit Union's revenue in 2022 was $7,879,637.
Official website here: www.onedetroitcu.org
Who are the executives of One Detroit Credit Union and what are their salaries?
The average compensation at One Detroit Credit Union during 2022 was $40,069. There are 59 employees and 6 volunteers at One Detroit Credit Union.
Here are 9 key members and their salaries (One Detroit Credit Union's CEO's salary is $404,675 and their total compensation is $422,228):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $404,675
- Related: $0
- Other: $17,553
- Compensation: $198,235
- Related: $0
- Other: $2,705
- Compensation: $121,580
- Related: $0
- Other: $1,950
Official website here: www.onedetroitcu.org
Where can I find the form 990 for One Detroit Credit Union?
One Detroit Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.onedetroitcu.org
Learn more at the official website: www.onedetroitcu.org
Mission Statement of One Detroit Credit Union
One Detroit Credit Union, a community-focused financial institution, is committed to making a difference in the lives of individuals who have been overlooked by the mainstream banking system. Its mission is to offer reliable, fair, and reasonably priced financial products and services. The credit union strives to impact and change lives by providing these services, thereby offering alternative options to high-interest rate loans from payday lenders and car loans. By lending to low to moderate income members, One Detroit Credit Union aims to empower its community members, offering them a chance to improve their financial standing.
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Impact
October, 2024
One Detroit Credit Union significantly impacts the community by addressing the financial needs of individuals who have been overlooked by mainstream banking systems. By offering credible, fair, and reasonably priced financial products, the credit union provides essential alternatives for low to moderate-income members. This includes targeted loan programs that help individuals avoid predatory payday lenders and high-interest car loans.
Through its mission, One Detroit Credit Union plays a vital role in transforming lives and fostering financial empowerment within the Detroit area. The credit union’s focus on inclusivity ensures that underserved populations gain access to the financial resources they need to improve their economic situations, ultimately contributing to the overall betterment of the community.
This information is meant to be a general summary of One Detroit Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $725,816
- Program Service Revenue: $6,833,527
- Gross Receipts: $9,264,313
Assets and Liabilities:
- Total Assets: $54,815,437
- Total Liabilities: $49,132,109
- Net Assets: $5,683,328
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE/OTHER INCOME
Revenue
$4,057,163
LOAN INCOME
Revenue
$2,776,364
Organization Details
Founding Year
1935
Phone
(313) 965-8640Principal Officer
Hank Hubbard
Main Address
630 HOWARD STREET, DETROIT, MI, 48226
Website
www.onedetroitcu.orgNTEE Category
Code: W60 - Public benefit
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