One Detroit Announces New CEO Appointment
One Detroit Credit Union has announced the appointment of its next CEO, Portia Powell, effective January 2025. Powell will succeed Hank Hubbard, who will be retiring from the $64 million-asset credit union after 34 years of service.
Powell, who was brought on to the One Detroit team in 2023 as its Chief Experience Officer, brings more than 20 years of banking experience. Next year, she will become the first woman and first African American to lead One Detroit.
"It's an honor to lead an institution that has been such a vital part of Detroit's fabric," said Powell. "I am committed to building on One Detroit's strong foundation while innovating to meet the needs of our members in a rapidly changing financial landscape. Together, we will continue to uplift and empower our community, ensuring that everyone has access to the tools they need for financial success."
Before joining the credit union, Powell served at Chemical Bank as manager of municipal banking operations, and as a certified public funds investment manager, she serviced municipalities all over the country, including the City of Detroit.
"We are thrilled to announce Portia Powell as our next CEO," said Hubbard. "Her leadership, vision, and passion for social impact make her the ideal person to lead One Detroit into the future. After 34 years with this incredible institution, I am confident that under her guidance, the credit union will continue to thrive as a beacon of hope and opportunity to our community 2025 and beyond."
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