Civic Intelligence

Credit Unions Chartered in the State of Michigan

EIN 38-0480308 • 501(c)14 • Detroit, MI

View Organization Page

Profile

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.

630 Howard StreetDetroit, MI 48226

www.onedetroitcu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

11th percentile

0.78x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

9th percentile

5.87x

Higher debt load relative to revenue than 9% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Net Margin

15th percentile

0.5%

Higher net margin than 15% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$646,121

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

501(c)14 • $50M-$100M nonprofits • Source year 2024

Asset Growth

81st percentile

7.0%

Faster asset growth than 81% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-47%

Faster revenue growth than 1% of similar nonprofits.

501(c)14 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$63,800,013

Up $4,171,230 (+7.0%) from 2023

Liabilities

Up

$49,995,823

Up $3,997,245 (+8.7%) from 2023

Net Assets

Up

$13,804,190

Up $173,985 (+1.3%) from 2023

Operations
Liabilities / Revenue9th percentileNet Margin15th percentile

Revenue

Down

$8,517,971

Down $7,439,664 (-47%) from 2023

Expenses

Up

$8,472,647

Up $268,465 (+3.3%) from 2023

Net Income

Down

$45,324

Down $7,708,129 (-99%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $29,833,373Liabilities 2010: $25,281,235Net Assets 2010: $4,552,1382010Assets 2011: $32,449,317Liabilities 2011: $27,658,803Net Assets 2011: $4,790,5142011Assets 2012: $33,123,093Liabilities 2012: $27,458,613Net Assets 2012: $5,664,4802012Assets 2013: $31,009,900Liabilities 2013: $26,395,622Net Assets 2013: $4,614,2782013Assets 2014: $29,803,079Liabilities 2014: $26,023,659Net Assets 2014: $3,779,4202014Assets 2015: $32,743,800Liabilities 2015: $28,865,886Net Assets 2015: $3,877,9142015Assets 2016: $35,207,301Liabilities 2016: $30,965,550Net Assets 2016: $4,241,7512016Assets 2017: $37,203,205Liabilities 2017: $32,908,376Net Assets 2017: $4,294,8292017Assets 2018: $36,254,598Liabilities 2018: $31,977,441Net Assets 2018: $4,277,1572018Assets 2019: $39,634,142Liabilities 2019: $35,116,747Net Assets 2019: $4,517,3952019Assets 2020: $50,654,437Liabilities 2020: $46,370,823Net Assets 2020: $4,283,6142020Assets 2021: $56,648,084Liabilities 2021: $50,237,899Net Assets 2021: $6,410,1852021Assets 2022: $54,815,437Liabilities 2022: $49,132,109Net Assets 2022: $5,683,3282022Assets 2023: $59,628,783Liabilities 2023: $45,998,578Net Assets 2023: $13,630,2052023Assets 2024: $63,800,013Liabilities 2024: $49,995,823Net Assets 2024: $13,804,1902024

Highlighted filing

2024

Assets$63,800,013
Liabilities$49,995,823
Net Assets$13,804,190
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,402,9082010Expenses 2011: $5,628,6942011Expenses 2012: $5,324,1672012Revenue 2013: $4,690,190Expenses 2013: $5,727,349Net Income 2013: -$1,037,1592013Revenue 2014: $4,677,894Expenses 2014: $5,505,703Net Income 2014: -$827,8092014Revenue 2015: $5,401,916Expenses 2015: $5,299,077Net Income 2015: $102,8392015Revenue 2016: $5,662,776Expenses 2016: $5,304,280Net Income 2016: $358,4962016Revenue 2017: $6,155,152Expenses 2017: $6,091,586Net Income 2017: $63,5662017Revenue 2018: $7,597,817Expenses 2018: $7,611,807Net Income 2018: -$13,9902018Revenue 2019: $7,469,062Expenses 2019: $7,235,503Net Income 2019: $233,5592019Revenue 2020: $6,100,032Expenses 2020: $6,325,042Net Income 2020: -$225,0102020Revenue 2021: $8,815,139Expenses 2021: $6,229,438Net Income 2021: $2,585,7012021Revenue 2022: $7,879,637Expenses 2022: $7,485,838Net Income 2022: $393,7992022Revenue 2023: $15,957,635Expenses 2023: $8,204,182Net Income 2023: $7,753,4532023Revenue 2024: $8,517,971Expenses 2024: $8,472,647Net Income 2024: $45,3242024

Highlighted filing

2024

Revenue$8,517,971
Expenses$8,472,647
Net Income$45,324
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$63,800,013
Liabilities
$49,995,823
Net assets
$13,804,190
Revenue
$8,517,971
Expenses
$8,472,647
Net income
$45,324
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.8$50.0$13.8$8.52$8.47$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.6$46.0$13.6$16.0$8.20$7.75
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.8$49.1$5.68$7.88$7.49$0.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.6$50.2$6.41$8.82$6.23$2.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.7$46.4$4.28$6.10$6.33$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.6$35.1$4.52$7.47$7.24$0.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.3$32.0$4.28$7.60$7.61$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.2$32.9$4.29$6.16$6.09$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.2$31.0$4.24$5.66$5.30$0.36
2015Summary only. Only limited summary data is available for this year.$32.7$28.9$3.88$5.40$5.30$0.10
2014Detailed filing. Detailed filing data is available for this year.$29.8$26.0$3.78$4.68$5.51$0.83
2013Detailed filing. Detailed filing data is available for this year.$31.0$26.4$4.61$4.69$5.73$1.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.1$27.5$5.66$5.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.4$27.7$4.79$5.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$25.3$4.55$4.40
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$9,264,313
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$28,890,714$30,156,962▲ $1,266,248
Investments Other Securities$16,445,514$16,560,631▲ $115,117
Rtn Earn Endowment Incm Other Fnds$6,410,185$5,683,328▼ $726,857
Savings and Temporary Cash Investments$5,369,083$3,187,110▼ $2,181,973
Cash and Non-Interest-Bearing Accounts$1,723,057$1,622,764▼ $100,293
Land, Buildings, and Equipment, Net$2,137,431$665,642▼ $1,471,789
Prepaid Expenses and Deferred Charges$465,395$468,113▲ $2,718
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$56,648,084$54,815,437▼ $1,832,647
Other Assets Total$1,616,890$2,154,215▲ $537,325
Liabilities
Other Liabilities$47,882,230$47,147,510▼ $734,720
Accounts Payable and Accrued Expenses$1,355,669$1,062,599▼ $293,070
Mortgage Notes Payable Secured by Investment Property$1,000,000$922,000▼ $78,000
Total Liabilities$50,237,899$49,132,109▼ $1,105,790
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,410,185$5,683,328▼ $726,857
Total Liabilities and Net Assets / Fund Balance$56,648,084$54,815,437▼ $1,832,647

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$252,162$737,842$990,004
Buildings$343,103$541,238$884,341
Leasehold Improvements$37,457$182,255$219,712
Land$32,920-$32,920
Other Securities$16,560,631--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hank HubbardPresident/CEOFT$268,702$153,526$422,228
Joumana McdadEvp, Chief Strategy & InnoFT$151,935$49,005$200,940
Shavone GilstrapVP/human ResourcesFT$121,580$1,950$123,530

Board Members and Trustees

NameTitle
Orlando BaileyChairman of the Board
Anne ZobelDirector
Mikai GreenDirector
Patrick HeronDirector
Tiffany VantinoDirector
Christian LinerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Co-opAtm & Branch Processing9692 HAVEN AVE, Rancho Cucamonga, CA 91730$303,835
Holzman Corkery PllcLegal Services28366 FRANKLIN ROAD, Southfield, MI 48034-5503$235,735
SupportCpi Premium/ Suspense InsurancePO BOX 713751, Cincinatti, OH 45271-3751$127,459
DoximCommunications ManagementPO BOX 933472, Cleveland, OH 44193-0040$107,514
WoodwardHighland Park Leasing Fees18633 MACK AVENUE, Detroit, MI 48236-3245$101,640
Revenue and Support

Revenue Composition

Contributions and Grants
$235,152
Program Service Revenue
$6,833,527
Investment Income
$725,816
Other Revenue
$85,142
Change in Net Assets
$393,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,879,637
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,879,637
Total Revenue per Form 990
$7,879,637
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,391,391
Salaries, Compensation, and Employee Benefits$3,094,447
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,740,912
Current Officers, Directors, Trustees, and Key Employees---$623,168
Other Employee Benefits---$495,005
Occupancy---$402,972
Office Expenses---$346,836
Fees for Services Legal---$295,284
Information Technology---$213,701
All Other Expenses---$173,579
Other Expenses---$167,965
Payroll Taxes---$165,355
Advertising---$139,391
Depreciation Depletion---$131,416
Conferences and Meetings---$127,268
Interest---$85,458
Pension Plan Contributions---$70,007
Fees for Services Accounting---$47,043
Fees for Services Other---$44,143
Payments to Affiliates---$10,191
Insurance---$1,222
Travel---$909
Total Functional Expenses$0$0$0$7,485,838

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,485,838
Total Expenses per Audited Statements$7,485,838
Total Expenses per Form 990$7,485,838
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares Accounts$47,147,510
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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 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.”

Filing and Contact Details

Filer

Filer Name
One Detroit Credit Union
EIN
38-0480308
Phone
3139658640
Address
630 HOWARD STREET, DETROIT, MI 48226

Signing Officer

Name
Charles Pruett Iii
Title
Chief Financial Officer
Phone
3139658640
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hank Hubbard
Formed
1935
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
6
Employees
59
Volunteers
6

Preparer

Firm
Doeren Mayhew
Address
305 WEST BIG BEAVER ROAD, TROY, MI 48084
Preparer
Jack Tracy CPA
Phone
2482443000
Supplemental Narrative

Additional Explanations

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 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.”

Financial Statement Notes

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.”

Raw XML AppendixShowing 400 of 523 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01355669
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01062599
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AdvertisingGrp/TotalAmt0139391
IRS990/AllOtherExpensesGrp/TotalAmt0173579
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JAMES ALBANICE
IRS990/BooksInCareOfDetail/PhoneNum03139658640
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0630 HOWARD STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0DETROIT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048226
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01723057
IRS990/CashNonInterestBearingGrp/EOYAmt01622764
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt05
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0623168
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt0127268
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0303835
IRS990/ContractorCompensationGrp/CompensationAmt1235735
IRS990/ContractorCompensationGrp/CompensationAmt2127459
IRS990/ContractorCompensationGrp/CompensationAmt3107514
IRS990/ContractorCompensationGrp/CompensationAmt4101640
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt09692 HAVEN AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt128366 FRANKLIN ROAD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 713751
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3PO BOX 933472
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt418633 MACK AVENUE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0RANCHO CUCAMONGA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1SOUTHFIELD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2CINCINATTI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3CLEVELAND
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4DETROIT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd091730
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd1480345503
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd2452713751
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd3441930040
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd4482363245
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0CO-OP
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1HOLZMAN CORKERY PLLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2SUPPORT
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3DOXIM
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4WOODWARD
IRS990/ContractorCompensationGrp/ServicesDesc0ATM & BRANCH PROCESSING
IRS990/ContractorCompensationGrp/ServicesDesc1LEGAL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2CPI PREMIUM/ SUSPENSE INSURANCE
IRS990/ContractorCompensationGrp/ServicesDesc3COMMUNICATIONS MANAGEMENT
IRS990/ContractorCompensationGrp/ServicesDesc4HIGHLAND PARK LEASING FEES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0235152
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0725816
IRS990/CYOtherExpensesAmt04391391
IRS990/CYOtherRevenueAmt085142
IRS990/CYProgramServiceRevenueAmt06833527
IRS990/CYRevenuesLessExpensesAmt0393799
IRS990/CYSalariesCompEmpBnftPaidAmt03094447
IRS990/CYTotalExpensesAmt07485838
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07879637
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0131416
IRS990/Desc0LEND 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.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt059
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt047043
IRS990/FeesForServicesLegalGrp/TotalAmt0295284
IRS990/FeesForServicesOtherGrp/TotalAmt044143
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt617553
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt72705
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt81950
IRS990/Form990PartVIISectionAGrp/PersonNm0ORLANDO BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm1PATRICK HERON
IRS990/Form990PartVIISectionAGrp/PersonNm2ANNE ZOBEL
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRISTIAN LINER
IRS990/Form990PartVIISectionAGrp/PersonNm4MIKAI GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm5TIFFANY VANTINO
IRS990/Form990PartVIISectionAGrp/PersonNm6HANK HUBBARD
IRS990/Form990PartVIISectionAGrp/PersonNm7JOUMANA MCDAD
IRS990/Form990PartVIISectionAGrp/PersonNm8SHAVONE GILSTRAP
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6404675
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7198235
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8121580
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7EVP, CHIEF STRATEGY & INNO
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP/HUMAN RESOURCES
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01935
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0350580
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0235152
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01735256
IRS990/GrossReceiptsAmt09264313
IRS990/GroupExemptionNum01359
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0213701
IRS990/InsuranceGrp/TotalAmt01222
IRS990/InterestGrp/TotalAmt085458
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0375236
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0375236
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt016445514
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt016560631
IRS990/IRPDocumentCnt0636
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01461335
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02137431
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0665642
IRS990/LandBldgEquipCostOrOtherBssAmt02126977
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01384676
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OUR 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0922000
IRS990/NetAssetsOrFundBalancesBOYAmt06410185
IRS990/NetAssetsOrFundBalancesEOYAmt05683328
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0350580
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0350580
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1120656
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0402972
IRS990/OfficeExpensesGrp/TotalAmt0346836
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01616890
IRS990/OtherAssetsTotalGrp/EOYAmt02154215
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0495005
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1ATM/VISA/DEBIT
IRS990/OtherExpensesGrp/Desc2MAINT. AND REPAIRS
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
IRS990/OtherExpensesGrp/TotalAmt01303139
IRS990/OtherExpensesGrp/TotalAmt1469666
IRS990/OtherExpensesGrp/TotalAmt2431208
IRS990/OtherExpensesGrp/TotalAmt3167965
IRS990/OtherLiabilitiesGrp/BOYAmt047882230
IRS990/OtherLiabilitiesGrp/EOYAmt047147510
IRS990/OtherRevenueMiscGrp/BusinessCd0520000
IRS990/OtherRevenueMiscGrp/Desc0FINANCE AND INSURANCE
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt085142
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt085142
IRS990/OtherRevenueTotalAmt085142
IRS990/OtherSalariesAndWagesGrp/TotalAmt01740912
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt028890714
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt030156962
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt010191
IRS990/PayrollTaxesGrp/TotalAmt0165355
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt070007
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0465395
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0468113
IRS990/PrincipalOfficerNm0HANK HUBBARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0FEE/OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04057163
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12776364
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04057163
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12776364
IRS990/ProgSrvcAccomActy2Grp/Desc0REDUCE MEMBER CAR LOAN INTEREST RATES.
IRS990/ProgSrvcAccomActy3Grp/Desc0OUR 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.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01865262
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0190508
IRS990/PYOtherExpensesAmt03280645
IRS990/PYOtherRevenueAmt0116073
IRS990/PYProgramServiceRevenueAmt06643296
IRS990/PYRevenuesLessExpensesAmt02585701
IRS990/PYSalariesCompEmpBnftPaidAmt02948793
IRS990/PYTotalExpensesAmt06229438
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08815139
IRS990/ReconcilationRevenueExpnssAmt0393799
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06410185
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05683328
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05369083
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03187110
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0343103
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0541238
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0884341
IRS990ScheduleD/EquipmentGrp/BookValueAmt0252162
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0737842
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0990004
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07485838
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt032920
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt032920
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt037457
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0182255
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0219712
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt047147510
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES ACCOUNTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt016560631
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT (AFS)
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07879637
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0665642
IRS990ScheduleD/TotalBookValueSecuritiesAmt016560631
IRS990ScheduleD/TotalExpensesPerForm990Amt07485838
IRS990ScheduleD/TotalLiabilityAmt047147510
IRS990ScheduleD/TotalRevenuePerForm990Amt07879637
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07879637
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07485838
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/DiscretionarySpendingAcctInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0268702
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1151935
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0129401
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount135900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt013000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt04553
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt12705
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt06572
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt110400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HANK HUBBARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOUMANA MCDAD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EVP, CHIEF STRATEGY & INNO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0422228
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1200940
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0HANK HUBBARD, CEO PARTICIPATES IN A NONQUALIFIED 457F PLAN. THE PLANS ACCRUED LIABILITY AS OF DECEMBER 31, 2022 WAS APPROXIMATELY $80,100.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY INDIVIDUAL THAT HAS AN ACCOUNT WITH OUR CREDIT UNION IS CONSIDERED A MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CREDIT UNION MEMBERS ELECT MEMBERS OF THE GOVERNING BODY EACH YEAR AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE POLICY IS REVIEWED ANNUALLY AT THE ORGANIZATIONAL MEETING OF THE BOARD AND WITH KEY STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE COMPENSATION IS DETERMINED THROUGH THE USE OF COMPENSATION SURVEYS AND WRITTEN REVIEWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MISCELLANEOUS 111,716. SERVICE CENTERS 61,863.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9AUDITED FINANCIAL STATEMENTS ARE PREPARED ON A FISCAL YEAR BASIS BUT TAX REPORTING IS REQUIRED ON A CALENDAR YEAR-END.

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