Overview / Commentary
One Detroit Credit Union is headquartered in Detroit and is the 132nd largest credit union in the state of Michigan. It is also the 2,212th largest credit union in the nation. It was established in 1935 and as of December of 2024, it had grown to 50 employees and 12,481 members at 4 locations. One Detroit Credit Union has a B+ health rating.
Field of Membership Restrictions
One Detroit CU is open to the residents, people that maintain employment, and church members of Wayne County, Michigan.
See current membership details
Health
B+
Data as of Q4 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. One Detroit Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61495 |
| Year Chartered | 1935 |
| Employees | 50 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.07% |
| Return on Equity - YTD | 0.33% |
| Annual Interest Income | $4.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $64.1MM$59.8MM |
| Loans | Q4 2024vs Q4 2023 | $36.2MM$34.7MM |
| Deposits | Q4 2024vs Q4 2023 | $47.1MM$44.2MM |
| Equity Capital | Q4 2024vs Q4 2023 | $13.8MM$13.6MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $1.6MM$1.5MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $1.2MM$1.3MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |