DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)ONE DETROIT CREDIT UNION, founded in 1935, is a mid-sized nonprofit that reported $16.0M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.8M, a strong 49% operating margin.
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.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $15,957,635 | $7,879,637 | +1.0% |
| Expenses | $8,204,182 | $7,485,838 | +0.1% |
| Net Income | $7,753,453 | $393,799 | +18.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KAI BOWMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK HERON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE ZOBEL | CHAIRMAN OF THE BOARD | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY ASKEW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKAI GREEN | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| TIFFANY VANTINO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSHUA ROBERSON | VICE CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| REGINA GREEAR | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOANN TAYLOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HANK HUBBARD | PRESIDENT/CEO | 40.00 |
Officer
|
$332,135 | $45,669 | $377,804 |
| CHARLES PRUETT | CFO | 40.00 |
Officer
|
$38,693 | $0 | $38,693 |
| SHAVONE GILSTRAP | VP/HUMAN RESOURCES | 40.00 |
Highest
|
$119,338 | $38,076 | $157,414 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $15,957,635 | $8,204,182 | $59,628,783 | $7,753,453 |
| 2022 | $7,879,637 | $7,485,838 | $54,815,437 | $393,799 |
| 2021 | $8,815,139 | $6,229,438 | $56,648,084 | $2,585,701 |
| 2020 | $6,100,032 | $6,325,042 | $50,654,437 | $-225,010 |
| 2019 | $7,469,062 | $7,235,503 | $39,634,142 | $233,559 |
| 2018 | $7,597,817 | $7,611,807 | $36,254,598 | $-13,990 |
Compare ONE DETROIT CREDIT UNION with other nonprofits in Michigan and across the country.