2024-10-31T15:25:32-05:00 2023-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2023-01-01 380480308 ONE DETROIT CREDIT UNION ONED 3139658640 630 HOWARD STREET DETROIT MI 48226 CHARLES PRUETT III CHIEF FINANCIAL OFFICER 3139658640 2024-10-31 1 0 JACK TRACY CPA P01974742 2482443000 2023 2024-10-15 13:58:12Z HANK HUBBARD 630 HOWARD STREET DETROIT MI 48226 15957635 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. 9 9 50 9 74614 0 235152 8337968 6833527 6836037 725816 709016 85142 74614 7879637 15957635 0 10000 0 0 3094447 3753036 0 0 0 4391391 4441146 7485838 8204182 393799 7753453 54815437 59628783 49132109 45998578 5683328 13630205 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. 0 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 657 0 1 50 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X CHARLES PRUETT III 3139658640 630 HOWARD STREET DETROIT MI 48226 KAI BOWMAN DIRECTOR 1.00 X 0 0 0 PATRICK HERON DIRECTOR 1.00 X 0 0 0 ANNE ZOBEL CHAIRMAN OF THE BOARD 1.00 X 0 0 0 ANTHONY ASKEW DIRECTOR 1.00 X 0 0 0 MIKAI GREEN SECRETARY 1.00 X 0 0 0 TIFFANY VANTINO DIRECTOR 1.00 X 0 0 0 JOSHUA ROBERSON VICE CHAIRMAN 1.00 X 0 0 0 REGINA GREEAR TREASURER 1.00 X 0 0 0 JOANN TAYLOR DIRECTOR 1.00 X 0 0 0 HANK HUBBARD PRESIDENT/CEO 40.00 X 332135 0 45669 CHARLES PRUETT CFO 40.00 X 38693 0 0 SHAVONE GILSTRAP VP/HUMAN RESOURCES 40.00 X 119338 0 38076 490166 0 83745 2 0 1 0 HOLZMAN CORKERY PLLC 28366 FRANKLIN ROAD SOUTHFIELD MI 48034 LEGAL SERVICES 304113 CO-OP 9692 HAVEN AVE RANCHO CUCAMONGA CA 91730 ATM & BRANCH PROCESSING 299613 DOXIM PO BOX 933472 CLEVELAND OH 44193 COMMUNICATIONS MANAGEMENT 124000 ROTO ROOTER 12898 WESTMORE ST LIVONIA MI 48150 RENOVATION/REMODELING 120265 WOODWARD 18633 MACK AVENUE DETROIT MI 48236 HIGHLAND PARK LEASING FEES 101640 5 8337968 8337968 FEE/OTHER INCOME 522100 3754301 3754301 LOAN INCOME 522100 3081736 3081736 6836037 709016 709016 FINANCE AND INSURANCE 520000 74614 74614 74614 15957635 7545053 74614 0 X 10000 416497 2524896 72673 487418 251552 313244 43874 123958 135748 353629 304465 327201 2703 162567 144440 9347 153751 PROVISION FOR LOAN LOSS 1169789 ATM/VISA/DEBIT 486894 MAINT. AND REPAIRS 436667 LOAN SERVICING 117971 154898 8204182 1622764 1515009 3187110 5475718 30156962 33009714 468113 370431 2287550 1621128 665642 666422 16560631 16825004 2154215 1766485 54815437 59628783 1062599 1158483 922000 922000 47147510 43918095 49132109 45998578 X 0 0 0 0 5683328 13630205 5683328 13630205 54815437 59628783 X 7753453 272624 -79200 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32920 32920 884341 560250 324091 219712 207107 12605 1150577 853771 296806 666422 AFS SECURITIES 15829004 F AFS NEGOTIABLE CERTIFICATES OF DEPOSIT 996000 F 16825004 MEMBER SHARES ACCOUNTS 43918095 43918095 X 15957635 0 15957635 0 15957635 8204182 0 8204182 0 8204182 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. 1 ONE DETROIT FOUNDATION INC 630 HOWARD STREET DETROIT MI 48226 873154853 501(C)(3) 10000 0 CHARITABLE CONTRIBUTION 1 0 PART I, LINE 2: ONE DETROIT FOUNDATION, INC. IS SPONSORED BY THE CREDIT UNION. THE PRESIDENT/CEO OF THE CREDIT UNION IS THE CHAIRMAN OF THE BOARD OF THE FOUNDATION. THE BOARD CHAIR AND OTHER MEMBERS OF THE BOARD ASSIST IN GUIDING AND MONITORING THE USE OF THE FUNDS TO ENSURE THEY ARE DISBURSED IN A MANNER THAT IS CONSISTENT WITH THE FOUNDATION'S EXEMPT PURPOSE. X 1 1 X X 0 1 0 HANK HUBBARD PRESIDENT/CEO 238266 0 70688 0 23181 0 19424 0 26245 0 377804 0 0 0 SHAVONE GILSTRAP VP/HUMAN RESOURCES 114182 0 5156 0 0 0 5717 0 32359 0 157414 0 0 0 PART I, LINE 4B HANK HUBBARD, CEO PARTICIPATES IN A NONQUALIFIED 457F PLAN. THE PLANS ACCRUED LIABILITY AS OF DECEMBER 31, 2023 WAS APPROXIMATELY $85,300. 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 97,045. SERVICE CENTERS 57,853. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -79,200. 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