Credit Union One Detroit MI | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Credit Union One, your trusted financial partner in the heart of Detroit, MI. Located at 5601 Eldred St, we have been serving our community since 1938. With a commitment to providing exceptional service and fostering financial well-being, we currently boast a strong membership base of 111,230 members who rely on us for their banking needs. At Credit Union One, we pride ourselves on our impressive financial standing, with total assets exceeding $1.7 billion and total deposits amounting to $148,257,392. Our dedicated team of 336 employees is here to ensure you receive personalized assistance whether you're looking for auto loans, mortgages, or basic banking services. We believe in building lasting relationships with our members, and our leadership team led by CEO Gary Moody and Board President Guadalupe Lara is committed to guiding you towards achieving your financial goals. While members can visit us at our branch location, official correspondence should be sent to 5601 Eldred, Detroit, MI 48209. If you need assistance or have any questions, don't hesitate to reach out to us at (313) 849-0080. Our friendly staff is ready to help you Monday through Thursday from 10:00 AM to 5:00 PM, and Friday from 9:00 AM to 6:00 PM. Join us today and experience the difference that comes with being part of a credit union that truly cares about its members! For more information about our services or to open an account online, visit us at Credit Union One. We look forward to welcoming you into our community!

Branch History & Mission

Accessibility and Convenience

Credit Union One prioritizes accessibility for all members. We have an ATM available at our branch and provide shared service center transactions for partner credit union members. Though we currently do not offer drive-thru service, our lobby hours are designed for your convenience: Monday through Thursday from 10 AM to 5 PM and Friday from 9 AM to 6 PM. We invite you to join Credit Union One and experience firsthand how we can support your financial journey. With over 85 years of dedicated service, we're not just a credit union; we're a trusted partner in building brighter futures together. For more information or to become a member today, call us at 313-849-0080 or visit us online at Credit Union One.

Our Journey

From humble beginnings, Credit Union One has evolved into a leading financial institution dedicated to meeting the diverse needs of our members. We understand that each member's journey is unique, which is why we offer personalized services ranging from checking and savings accounts to auto loans and mortgage financing. As we've expanded our services, we've embraced technological advancements to enhance your banking experience. With features like online banking and mobile payments, managing your finances is easier than ever.

Our Mission

Our mission at Credit Union One is simple yet profound: we strive to empower our members through exceptional financial services while actively contributing to the well-being of our community. We believe in fostering a sense of belonging among our members by offering tailored solutions that help them achieve their financial goals. Whether you're looking to buy a new car or save for your future, we are here every step of the way. We also recognize the importance of giving back. Our commitment extends beyond banking; we engage in various community outreach initiatives that uplift those around us. By partnering with local organizations, we work towards creating a positive impact in Detroit. While you can visit us at our branch location on Eldred St., any official correspondence should be sent to the same address for your convenience.

Branch Location & Accessibility

Call to Action

Ready to experience exceptional service? Feel free to give us a call at 313-849-0080 or drop by our branch at any time during business hours. Our friendly staff is eager to assist you with all your financial needs at Credit Union One!

Nearby Landmarks and Accessibility

Our branch is situated close to several local landmarks, making it easy to find. Just a short drive from the bustling Southgate area and near the beautiful parks that dot the neighborhood, we're perfectly placed for your convenience. At Credit Union One, we prioritize accessibility for all members. Our branch features ADA-compliant entrances and ramps to ensure everyone can visit us with ease. We also provide ample parking space so you can stop by without any hassle.

Operating Hours and Services

We know your time is valuable! That's why our lobby hours are designed to fit your busy schedule. Join us Monday through Thursday from 10:00 AM to 5:00 PM, and on Fridays from 9:00 AM to 6:00 PM. If you're looking for quick transactions like ATM withdrawals or balance checks, you're in luck! We offer ATM services right at our location for your convenience. As part of our commitment to serving you better, we also provide shared service center transactions for members of partner credit unions. This means you can conduct basic banking activities such as deposits and withdrawals with ease.

Member Eligibility

Welcome to the vibrant community at Credit Union One, where becoming a member means joining a family that truly cares about your financial well-being. If you're looking to take advantage of our personalized banking services, you'll be pleased to know that membership is open to individuals who live, work, or worship in specific areas of Michigan. Whether you're a student, a young professional, or someone looking for better financial options, we strive to make our membership accessible and welcoming for all. For more detailed information on eligibility criteria, feel free to visit our resource page at http://WWW.CUONE.ORG/about/membership-eligibility . Opening an account with us is simple and straightforward! You can start your journey towards enhanced financial health by visiting us at our branch located at 5601 Eldred St Detroit Mi 48209 or by calling us at (313) 849-0080. To get started online, just head over to https://app.consumer.meridianlink.com/apply.aspx?lenderref=cu1120221&list=ccheplvlst . Join us today and experience the many benefits that come with being part of the Credit Union One family!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $218 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $8 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $131,414,991, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In today's fast-paced market, having the right tools is crucial. Our merchant services offer businesses a way to accept payments easily and securely, ensuring you never miss a sale. From credit card processing to mobile payment options, we provide everything you need to thrive. Located at 5601 Eldred St Detroit Mi 48209 in Detroit, MI, we invite you to visit us or call (313) 849-0080 to learn more about how our business banking services can empower your enterprise. Let's build your success together!

Comprehensive List Of Services

Business Banking Services

For business owners, we offer specialized services such as Merchant Services & Business Loans, allowing you to focus on growing your business while we take care of the financial side.

Contact Us Today!

We invite you to visit us at Credit Union One in Detroit or give us a call at 313-849-0080 for more information about how we can help you achieve your financial goals. Explore all our services and discover how we can support your journey towards financial success! For more details, feel free to check out our website at www.cuone.org. We look forward to serving you!

Credit Options

Don't forget about our Credit Cards with Rewards, which give you the chance to earn points for every dollar spent. Use those rewards for travel, shopping, or even cash back!

Digital Banking Convenience

In today's fast-paced world, managing your finances on-the-go is essential. That's why we provide robust Online & Mobile Banking platforms. You can check balances, transfer funds, and pay bills from anywhere at any time. Our members also enjoy access to ATM services for quick cash withdrawals and balance checks making it easier than ever to stay on top of your finances.

Personal Banking Solutions

Our personal banking services include convenient Checking & Savings Accounts designed to help you manage your finances effortlessly. With competitive interest rates and low fees, these accounts make it easy to save for those important life moments. If you're planning to buy a car, consider our Auto Loans & Vehicle Financing options that provide flexible terms and competitive rates. For those dreaming of homeownership or seeking to refinance an existing mortgage, our Mortgage Loans & Refinancing programs are here to assist you in making that dream a reality. We understand that personal loans can sometimes be necessary, which is why we offer Personal Loans & Debt Consolidation solutions to help simplify your financial commitments.

Shared Branching Access

If you're traveling or just away from home, don't worry! We participate in shared branching networks that allow basic transactions like deposits and withdrawals at partner credit unions. This means you can access your money conveniently without extra hassle.

Digital & Online Banking

Convenience at Your Fingertips

With mobile payments enabled at Credit Union One, making purchases has never been easier. Just tap your phone to pay and enjoy the convenience of not needing cash or cards. Our user-friendly interface ensures that whether you're tech-savvy or just starting out with online banking, you'll find it easy to navigate. In today's fast-paced world, having real-time access to your account management tools is essential. From checking balances to transferring funds instantly, Credit Union One provides all the tools you need for effective financial management right in your pocket. Join us today and experience how our digital and online banking services can simplify your life while keeping your finances secure!

Key Features

Our online banking platform, available at https://www.cuone.org/ , allows you to monitor your accounts 24/7. You can check balances, view transactions, and even pay bills all from the comfort of your device. Plus, with our mobile application, managing your finances is as simple as tapping a button. Enjoy features like person-to-person transfers, so sending money to friends or family is quick and hassle-free. Security is our top priority. With electronic signature authorization available, you can complete important transactions confidently knowing your information is protected. Additionally, our e-statements mean you can access your financial documents securely without the clutter of paper statements.

Financial Strength

Member Savings Security

Members' savings are secured through $278,902,334 in share certificates and $306,964,735 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operational efficiency is reflected in our net income of $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 317 full-time employees and 19 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable team.

Reinvestment for Growth

With $144,155,201 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity supports your financial goals across various sectors with $18,170 in used auto loans and a total of $1,185,823,031 in loans and leases.

Solid Financial Health

With a net worth of $175,340,962, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 10.29% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Trusted Partnership

Net Shares (Funds available for lending and investments): $0. Total Share and Deposit Accounts: 160,753, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Credit Union One is your trusted partner. Visit us at 5601 Eldred St Detroit MI 48209 or call 313-849-0080 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We have already provided over $27,340,3455 in used vehicle loans and $76,372,005 in new vehicle loans to help members get on the road. Whether it's a brand-new model or a reliable used car, our flexible financing options make it easy for you to drive away with confidence.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $207,063,058, making buying or refinancing simple. We're committed to helping you find the right mortgage solution tailored to your unique situation.

Other Loan Options

For those seeking additional funding opportunities, our total credit lines amount to $336,887,193. This gives members access to funds when they need them most. For business owners looking for capital to grow and expand operations, we proudly offer outstanding commercial loans totaling $131,414,991. At Credit Union One, we believe everyone deserves access to affordable financing options. If you're interested in refinancing or checking your eligibility for any of our loan products, feel free to reach out at 313-849-0080 or visit us at our branch. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Explore how our loan offerings can help you achieve your financial dreams today!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. With a total of $22,418,002 in loans helping members manage their finances effectively, our credit card options provide you with the purchasing power you need without the stress.

Loan Aggregator

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