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Press

  • CRAIN'S DETROIT BUSINESS -- Detroit credit union names first Black woman as next CEO

    One Detroit Credit Union CEO Portia Powell

    Portia Powell is executive vice president and incoming CEO at One Detroit Credit Union

    DETROIT, MI (August 15, 2024) — Portia Powell never imagined a life where she worked in the finance industry.

    Born, raised and educated in Detroit, Powell began her career in banking while she was still a college student, working as a teller in 2003 at National City Bank in Royal Oak.

    On Jan. 1, she will become not only the first woman but also the first Black woman to lead One Detroit Credit Union in its nearly 90-year history.

     

Portia Powell

One Detroit Credit Union Names First Woman and African American as CEO

One Detroit Credit Union has named Portia Powell as its next CEO, replacing Hank Hubbard, who is retiring after 34 years with the institution. She will take command in January 2025.

Powell is making history as the first woman and African American to lead the credit union in its 90-year history. She is a seasoned leader with more than two decades of experience in the financial services industry.

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Portia Powell

History Made With CEO Appointment at One Detroit CU

One Detroit Credit Union has been a fixture in the Motor City for nearly 90 years and the small credit union, with $64 million in assets and 11,970 members, made history on Thursday when officials announced Portia Powell will be its next CEO beginning January 2025. Powell will become the first woman and African American leader in the credit union's long history.

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Portia Powell

One Detroit Credit Union appoints Portia Powell as its next CEO approaching its 90th anniversary

One Detroit Credit Union (1DCU), a cornerstone of financial empowerment in the Detroit community, is proud to announce the appointment of Portia Powell as its next Chief Executive Officer to begin January 2025. Powell, a seasoned leader with over two decades of experience in the financial services industry, makes history as the first woman and African American that will lead the credit union for its 90-year history.

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Portia Powell

One Detroit Credit Union CEO to Retire at Year-End; Announces Appointment of First Woman CEO

DETROIT, Aug. 15, 2024 /PRNewswire/ -- One Detroit Credit Union (1DCU), a cornerstone of financial empowerment in the Detroit community, is proud to announce the appointment of Portia Powell as its next Chief Executive Officer to begin January 2025. Powell, a seasoned leader with over two decades of experience in the financial services industry, makes history as the first woman and African American that will lead the credit union for its 90-year history.

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Inkster Branch

One Detroit Credit Union Brings New Branch to Inkster, Boosting Community Access and Economic Growth

One Detroit Credit Union is set to open a mini branch within Inkster’s Booker Dozier Recreation Center this fall. This new branch, located at 2025 Middlebelt Rd, represents a significant step towards providing accessible financial services to a community long underserved by traditional banking institutions.

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People inside

Michigan Credit Union League Names One Detroit Credit Union as 2024’s Outstanding Credit Union of the Year

One Detroit Credit Union, a member-owned financial institution, has been named Credit Union of the Year in the Small Asset Size Category by The Michigan Credit Union League (MCUL) at the 2024 MCUL and Michigan Credit Union Foundation (MCUF) Awards ceremony held last Friday evening in Traverse City.

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woman standing

UAW strike hits at wrong time for many pocketbooks, driving some to take out strike loans

One Detroit Credit Union — which has members who work at the Detroit casinos, auto companies and Blue Cross Blue Shield — is offering strike assistance loans that can range from $500 to $4,000. The rate can be as low as 8.99% but could be higher based on one's credit score. The offer runs through Dec. 31 for members of the credit union. It applies to union members who are impacted by ongoing labor strikes. No payment is needed for 60 days.

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Poria Powell

One Detroit Credit Union Appoints Portia Powell as Chief Experience Officer

One Detroit Credit Union, a leading credit union focused on providing premier development services to all Detroiters, today announced the appointment of award-winning career banker Portia Powell as its new chief experience officer. Effective June 1, Powell brings more than 20 years of banking experience to this new role as CXO where she will oversee retail banking, call center and digital banking, marketing, strategy, and innovation teams.

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