NonprofitsCredit Unions Chartered In The State Of Michigan

Credit Unions Chartered In The State Of Michigan

DETROIT, MI

Total revenue

$8.5M

Total expenses

$8.5M

Net assets

$13.8M

Grants received

$61K

3 grants

EIN

380480308

Tax year

2024

Mission

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.

Programs

2 programs

Reduce member car loan interest rates.

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.

Financials

FY 2024

Revenue

Contributions & grants$332K
Program service revenue$7.2M
Investment income$898K
Other revenue$80K
Total revenue$8.5M

Expenses

Grants paid
Salaries & benefits$3.4M
Fundraising
Other expenses$5.1M
Total expenses$8.5M
Total assets$63.8M
Net assets$13.8M

People

12 listed

NameRoleCompensation

HANK HUBBARD

PRESIDENT/CEO

Board

$382K

40 hrs/wk

PORTIA POWELL

CHIEF EXPERIENCE OFFICER

Board

$169K

40 hrs/wk

CHARLES PRUETT

CFO

Board

$147K

40 hrs/wk

REGINA GREEAR

TREASURER

Board

1 hrs/wk

PATRICK HERON

DIRECTOR

Board

1 hrs/wk

TIFFANY VANTINO

DIRECTOR

Board

1 hrs/wk

ANNE ZOBEL

CHAIRMAN OF THE BOARD

Board

1 hrs/wk

KAI BOWMAN

DIRECTOR

Board

1 hrs/wk

ANTHONY ASKEW

DIRECTOR

Board

1 hrs/wk

JOANN TAYLOR

DIRECTOR

Board

1 hrs/wk

JOSHUA ROBERSON

VICE CHAIRMAN

Board

1 hrs/wk

MIKAI GREEN

SECRETARY

Board

1 hrs/wk

Independent contractors

CO-OP

ATM & BRANCH PROCESSING

$396K

HOLZMAN CORKERY PLLC

LEGAL SERVICES

$344K

DOXIM

COMMUNICATIONS MANAGEMENT

$115K

Grants received

Showing 3 of 3

FromAmountPurposeYear
$10K
CREDIT UNION IMPACT CAPACITY BUILDING
2023
$25K
CREDIT UNION IMPACT CAPACITY BUILDING
2020

Funded by

$61K from 2 funders · 3 grants · 2020–2024

Inclusiv Inc

$35K · 2 grants · 2020–2023

Details

EIN380480308
Subsection14
Ruling date1956-10
Formed1935
Employees63
Volunteers9
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN — Mission, Financials & Grants Received | Grantivo