I M Detroit District CU in Detroit, MI

IM Detroit District Credit Union was established in 1957 and is headquartered in Detroit, Michigan. As a state-chartered credit union, it operates as a not-for-profit financial institution serving the local Detroit community. The organization maintains a single branch location at 2101 Gratiot Avenue and operates with over one dedicated employee as of 2026.

The credit union offers a comprehensive range of banking services including savings accounts, share draft accounts, auto loans, personal loans, mortgages, and personal banking services. Members can access online banking and mobile app services for both iOS and Android devices. The institution provides various savings products with regular savings accounts available to members, and offers competitive loan products including new vehicle loans at 5.00% APR, used vehicle loans, and unsecured lines of credit at 8.00% APR. Members also have access to online bill pay functionality and financial calculators to assist with financial planning.

As a not-for-profit credit union, IM Detroit District emphasizes competitive rates and lower fees compared to for-profit banks. The institution operates under state charter authority in Michigan and focuses on serving Michigan residents. With over 500 loyal members and $2 million in assets under stewardship, the credit union maintains a community-focused approach to financial services. The organization provides a Q&A community forum and financial tips to support member education.

The credit union's small size and single branch location limit accessibility compared to larger regional institutions. With only one physical branch, geographic convenience may be a constraint for members outside the immediate Detroit area. The institution's asset base of $2 million is relatively modest, which may impact the depth of product offerings and competitive rates compared to larger credit unions. However, for local Detroit residents seeking personalized service from an established community financial institution, IM Detroit District offers straightforward banking solutions with the advantages of credit union membership.