Overview

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Est.

1935

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

ONE DETROIT CREDIT UNION is a nonprofit organization dedicated to serving individuals in the community who have been marginalized by traditional banking systems. With an operating budget of $8.5 million for the 2024 filing year, the organization provides accessible and affordable financial products and services. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.onedetroitcu.org.

Mission Statement

THE MISSION OF ONE DETROIT CREDIT UNION IS TO HELP PEOPLE IN OUR COMMUNITY WHO HAVE BEEN OVERLOOKED BY THE MAINSTREAM BANKING SYSTEM BY PROVIDING THEM WITH CREDIBLE, FAIR, AND REASONABLY PRICED FINANCIAL PRODUCTS AND SERVICES.
Revenues
$8.5M
Expenses
$8.5M
Net Income:
+$45.3K
Assets
$63.8M
Liabilities
$50M
Net Assets:
+$13.8M
Operating Budget
$8.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$26K
Largest grant received
$26K
H
Hank Hubbard
Board Member
C
Charles Pruett
Board Member
P
Patrick Heron
Board Member

Frequently Asked Questions

What is ONE DETROIT CREDIT UNION’s budget?
In 2024, ONE DETROIT CREDIT UNION reported an annual operating budget of around $8.5 million. More detailed financial information is available to registered users.
What causes does ONE DETROIT CREDIT UNION support?
ONE DETROIT CREDIT UNION supports work in Credit unions.
Where does ONE DETROIT CREDIT UNION operate?
ONE DETROIT CREDIT UNION is headquartered in Detroit, MI.
Who funded ONE DETROIT CREDIT UNION recently?
In 2024, ONE DETROIT CREDIT UNION received grants from LOCAL INITIATIVES SUPPORT CORPORATION, INCLUSIV INC, and LOCAL INITIATIVES SUPPORT CORPORATION. More information on this organization’s funders is available to registered users.
What is the largest grant ONE DETROIT CREDIT UNION received in 2024?
The largest grant to ONE DETROIT CREDIT UNION in 2024 exceeds $26 thousand.
What is ONE DETROIT CREDIT UNION’s reliance on government grants?
ONE DETROIT CREDIT UNION relied on government grants for less than 5% of their total revenue in 2024.