One Detroit Credit Unio names Portia Powell as its new CEO as Hank Hubbard retires after 34 years with the institution. She will come to power in January 2025.

In a historical context, Powell has rewritten the norms by being the first female African-American CEO to lead One Detroit Credit Union since its inception around 90 years ago. She is a seasoned leader with two decades of experience in finance under her belt.

“It’s an honor to lead an institution that has been such a vital part of Detroit’s fabric,” says 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.”

“We are thrilled to announce Portia Powell as our next CEO,” says 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 in 2025 and beyond.”

A significant turning point in the history of the company is Powell’s appointment. According to the credit union, her leadership is anticipated to bring in a new phase of expansion and innovation, strengthening the organization’s position as a pioneer in the financial services industry. Powell’s appointment comes as One Detroit Credit Union approaches its 90th anniversary.