One Detroit Credit Union and Detroit-based Bankjoy partner to launch Mobile Banking 2.0

DETROIT–(BUSINESS WIRE)–One Detroit Credit Union, with $56 million in assets and more than 11,000 members, today announced the launch of a new mobile banking app with longtime partner and digital banking provider Bankjoy .

Mobile Banking 2.0 represents a significant upgrade to the credit union’s current mobile banking platform. Both Detroit-based, One Detroit Credit Union has partnered with Bankjoy for its online and mobile banking technology since 2017 and continues this partnership to improve the member experience and expand services to underserved residents.

Founded by credit union leaders, Bankjoy provides modern banking technology including mobile, online statements, e-statements, online account opening, online loan application and conversational AI to banks and cooperatives credit of all sizes. The platform features state-of-the-art integrations to quickly upgrade the digital cooking experience and deliver beautiful products with advanced functionality, easy navigation, and a modern look. Additionally, Bankjoy streamlines payments, including A2A and P2P, to deliver a true end-to-end digital services ecosystem.

Some of the credit union upgrades, which will be immediately available to members when the app launches, include:

  • Streamlined user experience design, allowing members to easily manage their accounts

  • A weekly expenses widget to help with household budgeting

  • Ability to block or unblock a debit card in the app

  • Loan functionality upgrades, giving members more power to manage loan repayments

Members currently using online and mobile banking will be able to keep their existing login when the new app launches.

Minority-run One Detroit Credit Union is one of six credit unions to recently renew its partnership with Bankjoy. Formed in 1935 as the Detroit Newspaper Industrial Credit Union, One Detroit first served people who worked in the newspaper industry. In the 1970s it changed its name to be more inclusive of other industries such as radio, television, printing and publishing. The credit union continued to expand, helping to fill the lack of financial services within its communities. Today, it aims to unify the Detroiters community by offering exceptional services backed by modern banking technology like Bankjoy.

Joumana Mcdad, Executive Vice President of One Detroit, said, “A key part of our mission is to help members of our community who have been overlooked by the traditional banking system by providing them with credible, fair financial products and services. and at reasonable prices. By working with Bankjoy, we maintain this commitment, ensuring our members can bank how and when they want with the best digital tools available. We look forward to continuing our partnership with the Bankjoy team.

“As fellow Detroit residents, we have tremendous admiration for the mission of One Detroit and their efforts to positively impact and change the lives of our shared community,” said Michael Duncan, CEO of Bankjoy. “By bringing together industry leaders and modern digital technology, we can foster greater financial inclusion for the underserved, especially in Detroit. We are proud to be part of One Detroit’s journey and supporting the launch of their next mobile banking platform.

Detroit continues to be a major focus for improving financial inclusion. According to the FDIC’s “How America Banks” survey, the number of minority households without bank accounts far exceeds that of non-minority households. In fact, the survey found that 13.8% of black households and 12.2% of Hispanic households were unbanked, compared to just 2.5% of white households.

To support the efforts, the Federal Deposit Insurance Corporation’s (FDIC) #GetBanked campaign has been expanded to reach Detroit, as well as Dallas and Los Angeles, following successful campaigns in other cities last year. Additionally, the Office of the Comptroller of the Currency (OCC) launched Detroit REACh last month to organize and launch formal efforts to promote greater access to affordable homeownership, improve financing for small businesses, and expand the access to credit for economically disadvantaged and underserved communities in Detroit. .

One Detroit Credit Union’s new mobile banking features will launch on March 28, 2022. For more information, visit

About a Detroit Credit Union

Founded in 1935, One Detroit Credit Union’s mission is to help members of the Detroit community who have been neglected by the traditional banking system by providing credible, fair, and reasonably priced financial products and services. It has three main branches in Detroit and numerous ATMs. Membership is open to people who live, work, worship or volunteer in Wayne County. For more information, please visit or call (313) 965-8640.

About Bankjoy

Detroit-based fintech Bankjoy provides modern banking technology, including membership app, online banking, mobile banking, online loan application, conversational AI, statements and more. The company prides itself on creating beautiful products with advanced functionality, simple navigation, modern look and feel, and world-class user experiences shaped by talking to users. Bankjoy is a company backed by Y Combinator, Bessemer Venture Partner and CheckAlt. For more information, visit