2023-11-13T14:00:04-06:00 2022-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2022-01-01 380480308 ONE DETROIT CREDIT UNION ONED 3139658640 630 HOWARD STREET DETROIT MI 48226 CHARLES PRUETT III CHIEF FINANCIAL OFFICER 3139658640 2023-11-13 1 CHARLES PRUETT III 999009999 0 JACK TRACY CPA P01974742 2482443000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z HANK HUBBARD 630 HOWARD STREET DETROIT MI 48226 9264313 0 1359 X WWW.ONEDETROITCU.ORG X 1935 MI 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. 6 6 59 6 85142 0 1865262 235152 6643296 6833527 190508 725816 116073 85142 8815139 7879637 0 0 0 0 2948793 3094447 0 0 0 3280645 4391391 6229438 7485838 2585701 393799 56648084 54815437 50237899 49132109 6410185 5683328 X OUR MISSION IS TO IMPACT AND CHANGE LIVES. ONE DETROIT CREDIT UNION HELPS 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. 1 0 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. 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. 0 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 636 0 1 59 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X JAMES ALBANICE 3139658640 630 HOWARD STREET DETROIT MI 48226 ORLANDO BAILEY CHAIRMAN OF THE BOARD 1.00 X 0 0 0 PATRICK HERON DIRECTOR 1.00 X 0 0 0 ANNE ZOBEL DIRECTOR 1.00 X 0 0 0 CHRISTIAN LINER TREASURER 1.00 X 0 0 0 MIKAI GREEN DIRECTOR 1.00 X 0 0 0 TIFFANY VANTINO DIRECTOR 1.00 X 0 0 0 HANK HUBBARD PRESIDENT/CEO 40.00 X 404675 0 17553 JOUMANA MCDAD EVP, CHIEF STRATEGY & INNO 40.00 X 198235 0 2705 SHAVONE GILSTRAP VP/HUMAN RESOURCES 40.00 X 121580 0 1950 724490 0 22208 3 0 1 0 CO-OP 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM & BRANCH PROCESSING 303835 HOLZMAN CORKERY PLLC 28366 FRANKLIN ROAD SOUTHFIELD MI 480345503 LEGAL SERVICES 235735 SUPPORT PO BOX 713751 CINCINATTI OH 452713751 CPI PREMIUM/ SUSPENSE INSURANCE 127459 DOXIM PO BOX 933472 CLEVELAND OH 441930040 COMMUNICATIONS MANAGEMENT 107514 WOODWARD 18633 MACK AVENUE DETROIT MI 482363245 HIGHLAND PARK LEASING FEES 101640 5 235152 235152 FEE/OTHER INCOME 522100 4057163 4057163 LOAN INCOME 522100 2776364 2776364 6833527 375236 375236 1735256 1384676 350580 350580 350580 FINANCE AND INSURANCE 520000 85142 85142 85142 7879637 7559343 85142 0 X 623168 1740912 70007 495005 165355 295284 47043 44143 139391 346836 213701 402972 909 127268 85458 10191 131416 1222 PROVISION FOR LOAN LOSS 1303139 ATM/VISA/DEBIT 469666 MAINT. AND REPAIRS 431208 LOAN SERVICING 167965 173579 7485838 1723057 1622764 5369083 3187110 28890714 30156962 465395 468113 2126977 1461335 2137431 665642 16445514 16560631 1616890 2154215 56648084 54815437 1355669 1062599 1000000 922000 47882230 47147510 50237899 49132109 X 0 0 0 0 6410185 5683328 6410185 5683328 56648084 54815437 393799 -1120656 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32920 32920 884341 541238 343103 219712 182255 37457 990004 737842 252162 665642 CERTIFICATES OF DEPOSIT (AFS) 16560631 F 16560631 MEMBER SHARES ACCOUNTS 47147510 47147510 X 7879637 0 7879637 0 7879637 7485838 0 7485838 0 7485838 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. X 1 1 X X 0 1 0 HANK HUBBARD PRESIDENT/CEO 268702 0 129401 0 6572 0 13000 0 4553 0 422228 0 0 0 JOUMANA MCDAD EVP, CHIEF STRATEGY & INNO 151935 0 35900 0 10400 0 0 0 2705 0 200940 0 0 0 PART I, LINE 4B HANK HUBBARD, CEO PARTICIPATES IN A NONQUALIFIED 457F PLAN. THE PLANS ACCRUED LIABILITY AS OF DECEMBER 31, 2022 WAS APPROXIMATELY $80,100. FORM 990, PART III, LINE 2 DURING 2022 WE COMPLETED OUR ROLLOUT OF CONSUMER BUSINESS PRODUCTS FOR OUR MEMBERS. SERVICES INCLUDE SAVINGS, CHECKING, MONEY MARKET, CD'S, DEBIT CARDS, AND MOBILE/ONLINE BANKING. WE ALSO BEGAN PROVIDING INSTANT ISSUE DEBIT CARDS TO OUR NON-BUSINESS MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 EVERY INDIVIDUAL THAT HAS AN ACCOUNT WITH OUR CREDIT UNION IS CONSIDERED A MEMBER. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERS ELECT MEMBERS OF THE GOVERNING BODY EACH YEAR AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARATION AND REVIEW OF THE FORM 990 IS OVERSEEN BY THE CFO. THE INFORMATION NECESSARY TO PREPARE FORM 990 IS PROVIDED TO OUR THIRD PARTY ACCOUNTING FIRM. ONCE THE RETURN IS PREPARED, IT IS REVIEWED AND APPROVED BY THE CFO. THE RETURN IS THEN FILED. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED ANNUALLY AT THE ORGANIZATIONAL MEETING OF THE BOARD AND WITH KEY STAFF. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION IS DETERMINED THROUGH THE USE OF COMPENSATION SURVEYS AND WRITTEN REVIEWS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E MISCELLANEOUS 111,716. SERVICE CENTERS 61,863. FORM 990, PART XII, LINE 2B: AUDITED FINANCIAL STATEMENTS ARE PREPARED ON A FISCAL YEAR BASIS BUT TAX REPORTING IS REQUIRED ON A CALENDAR YEAR-END. FORM 990, PART VII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. ONE DETROIT FOUNDATION INC 630 HOWARD STREET DETROIT MI 48226 873154853 PUBLIC CHARITY MI 501(C)(3) LINE 10 ONE DETROIT CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0