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One Detroit Credit Union: Overall Credit Union Rating
| Feature | Insider rating (out of 5) |
| Savings | 4 |
| Checking | 4.5 |
| Share certificate | 4.25 |
| Money market account | 3.75 |
| Trustworthiness | 3 |
| Total | 4 |
One Detroit Credit Union: Pros and Cons
| Pros | Cons |
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One Detroit Credit Union Share Savings Account - Product Name Only
You may like the
The account pays a low interest rate, though, and you'll earn significantly more with the best high-yield savings accounts at online banks.
One Detroit Credit Union Direct Star Checking Account - Product Name Only
You'll open a regular checking account, and it turns into a
One Detroit Credit Union Share Certificate - Product Name Only
One Detroit Credit Union pays solid rates on share certificates, especially compared to other brick-and-mortar institutions. It only compounds and pays interest quarterly, though.
One Detroit Credit Union Money Market Account - Product Name Only
Money market accounts are like savings accounts, but they usually make it easier to access your cash. The
How One Detroit Credit Union Works
One Detroit Credit Union is a minority-led credit union in Michigan. There are three branches in Detroit and one in Highland Park.
One Detroit is part of the CO-OP Shared Branch network, so there are around 5,000 shared branches around the US. You can't open an account at a shared branch, but you can receive assistance. You also have limited free transactions at CO-OP ATMs with
The mobile app has 4.8 out of 5 stars in the Apple store, and 4.9 out of 5 stars in the Google Play store.
To contact customer support, call Monday, Tuesday, Thursday, and Friday from 9 a.m. to 5 p.m. ET; Wednesday from 10 a.m. to 5 p.m. ET; and Saturday from 9 a.m. to 12 p.m. ET.
Your deposits are federally insured by the NCUA for up to $250,000, or up to $500,000 for joint accounts.
How to Join One Detroit Credit Union
One Detroit Credit Union is a credit union, not a bank, so only certain people can join. You're eligible for membership if you live, work, volunteer, or worship in Wayne County, Michigan.
As with most credit unions, you'll need to open a
The Role of Black-led Financial Institutions
There is a history of racial prejudice in banking and lending that has significantly impacted Black Americans and contributed to a racial wealth gap in the US. Black-led financial institutions serve an integral role in providing services and products to Black communities.
One Detroit Credit Union has branches in Detroit, Michigan. According to the US Census, over 77% of the city population is Black.
The credit union sponsors and participates in local community events. For example, in 2021 it helped raise money during holiday giving with the Children's Center of Wayne County's Young Adult Self-Sufficiency Program.
Is One Detroit Credit Union Trustworthy?
For our One Detroit Credit Union review, we include Better Business Bureau grades when assessing a bank's trustworthiness. One Detroit Credit Union has an NR ("No Rating") because it has received requests for background information about the bank, but the bank hasn't provided a response to the BBB yet.
You may want to read online customer reviews or ask friends and family about their experiences with the credit union to see if it may be suitable for you.
One Detroit Credit Union does not have any public controversies.
One Detroit Credit Union Review vs. Liberty Bank and Trust Review
Liberty Bank and Trust only has one branch in Detroit, and no ATMs in the area. You may find One Detroit Credit Union's shared branch and ATM network more convenient.
Both institutions pay solid rates on certificates, but Liberty pays better rates on savings.
One Detroit Credit Union Review vs. First Independence Bank Review
You may like One Detroit Credit Union for its large shared branch and ATM network. First Independence Bank only has two branches in Detroit and two branches in Minneapolis; it's not part of any shared branch networks. One Detroit also pays higher rates on certificates.
First Independence Bank partners with BaZing to offer discounts on fuel at participating Shell stations. You'll also get BaZing discounts at certain retailers, depending on where you live.
One Detroit Credit Union: Frequently Asked Questions
Where are One Detroit Credit Union locations?
One Detroit Credit Union has locations in Detroit, Michigan, and Highland Park, Michigan.
Who can join One Detroit Credit Union?
People who live, work, worship, or volunteer in Wayne County, Michigan, are eligible for membership at One Detroit Credit Union. All members have to open a share savings account.