Nonprofit · EIN 38-0480308
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 82 ONE DETROIT CREDIT UNION
Tax-exempt · DETROIT, MI 48226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $8,414,640 | $9,915,288 | -$1,500,648 | $62,874,249 | $50,026,317 | $12,847,932 |
| December 31, 2024 | 990 | $8,517,971 | $8,472,647 | $45,324 | $63,800,013 | $49,995,823 | $13,804,190 |
| December 31, 2023 | 990 | $15,957,635 | $8,204,182 | $7,753,453 | $59,628,783 | $45,998,578 | $13,630,205 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $116,163
- of which government grants
- $116,163
- Program service revenue
- $7,431,461
- Investment income
- $737,784
- Other revenue
- $129,232
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $942,529
- Other salaries and wages
- $2,445,881
- Salaries, compensation and benefits (total)
- $4,348,626
- Professional fundraising fees
- $0
- Legal fees
- $411,583
- Accounting fees
- $73,018
- Occupancy
- $422,070
- Travel
- $2,951
- Depreciation
- $218,570
Balance sheet and other
- Total assets, start of year
- $63,800,013
- Total assets, end of year
- $62,874,249
- Total liabilities, end of year
- $50,026,317
- Net assets, end of year
- $12,847,932
- Land, buildings and equipment
- $1,564,432
- Gross unrelated business income
- $129,232
- Gross receipts
- $8,414,640
- Employees
- 59
- Volunteers
- 9
- Year formed
- 1935
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PORTIA POWELL | CHIEF EXPERIENCE OFF/PRESIDENT/CEO - EFF JUNE 2025 Officer | 40 | $335,126 | $18,796 |
| HANK HUBBARD | PRESIDENT/CEO (RETIRED JUNE 2025) Officer | 40 | $236,368 | $23,769 |
| CHARLES PRUETT | CFO Officer | 40 | $183,372 | $2,055 |
| STEPHANIE PEOPLES | CHIEF OPERATING OFFICER Officer | 40 | $137,538 | $5,505 |
| ANNE ZOBEL | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 | $0 |
| JOSHUA ROBERSON | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| MIKAI GREEN | SECRETARY Trustee or director | 1 | $0 | $0 |
| REGINA GREEAR | TREASURER Trustee or director | 1 | $0 | $0 |
| PATRICK HERON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIFFANY VANTINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOANN TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAI BOWMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY ASKEW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KERRIE MITCHELL CAMPBELL-MABINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE SIMMONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HANK HUBBARD | PRESIDENT/CEO Officer | 40 | $381,802 | $264,319 |
| PORTIA POWELL | CHIEF EXPERIENCE OFFICER Officer | 40 | $169,371 | $21,684 |
| CHARLES PRUETT | CFO Officer | 40 | $146,598 | $7,060 |
| ANNE ZOBEL | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 | $0 |
| JOSHUA ROBERSON | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| MIKAI GREEN | SECRETARY Trustee or director | 1 | $0 | $0 |
| REGINA GREEAR | TREASURER Trustee or director | 1 | $0 | $0 |
| PATRICK HERON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIFFANY VANTINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOANN TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KAI BOWMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY ASKEW | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HANK HUBBARD | PRESIDENT/CEO Officer | 40 | $332,135 | $45,669 |
| SHAVONE GILSTRAP | VP/HUMAN RESOURCES Highest-paid employee | 40 | $119,338 | $38,076 |
| CHARLES PRUETT | CFO Officer | 40 | $38,693 | $0 |
| KAI BOWMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK HERON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE ZOBEL | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 | $0 |
| ANTHONY ASKEW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKAI GREEN | SECRETARY Trustee or director | 1 | $0 | $0 |
| TIFFANY VANTINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSHUA ROBERSON | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| REGINA GREEAR | TREASURER Trustee or director | 1 | $0 | $0 |
| JOANN TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 630 HOWARD ST, DETROIT, MI 48226-2512
- In care of
- % ACCOUNTS PAYABLE
- Principal officer (990 for 2025)
- PORTIA POWELL, 630 HOWARD STREET, DETROIT, MI 48226
- Signed the 990
- CHARLES PRUETT III, CHIEF FINANCIAL OFFICER
- Phone
- (313) 965-8640
- Website
- WWW.ONEDETROITCU.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
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.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-0480308
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1359: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- Assets (IRS master file)
- $62,874,249
- Income (IRS master file)
- $8,414,640
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $8,414,640 | $9,915,288 | $62,874,249 | XML |
| 990 | December 2024 | $8,517,971 | $8,472,647 | $63,800,013 | IRS |
| 990 | December 2023 | $15,957,635 | $8,204,182 | $59,628,783 | XML |
| 990 | December 2022 | $7,879,637 | $7,485,838 | $54,815,437 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-0480308).
Questions about CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- What is the EIN of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The employer identification number (EIN) of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN is 38-0480308.
- Is CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
- Are donations to CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2025 names PORTIA POWELL.
- Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2025 lists 15 people; 4 received compensation from the organization, the highest $335,126 (PORTIA POWELL, CHIEF EXPERIENCE OFF/PRESIDENT/CEO - EFF JUNE 2025).
- How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $8,414,640, expenses of $9,915,288 and total assets of $62,874,249 at year end.
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