Armando R. Cavazos
Vice President - Board Member
Armando retired from Credit Union ONE Five years ago after 30 years of service.
established a new enterprise, Synergies Plus Resources.
With a newly earned finance degree from the University of Detroit, Armando was hired at Credit Union ONE in 1974 as an accounting supervisor and rose to president and CEO in 1986.
Over the next 20 years, he
expanded it into a regional powerhouse.
According to Crain's
Detroit Business, the Ferndale-based credit union ranks second in assets in Southeast Michigan.
From four branches, $100 million in assets and 60,000 members, Credit Union ONE
grew to 25 branches, assets of $1 billion including subsidiaries and 117,000 members.
Credit unions are a special kind of not-for-profit financial institution whose philosophy is "people helping people".
is proud that extraordinary growth did not come at the expense of principle.
has been cited by Corp!
Magazine as one of Michigan's most influential Hispanic leaders and by Crain's
Detroit Business on several occasions including "Who's Who in Banking and Finance (2005)."
has contributed his
talents far beyond the financial services industry.
He is a member of the Board of Trustees of the University of Detroit Mercy, the Barbara Ann Karmanos Cancer Institute, the Rehabilitation Institute of Michigan, the Utica Community Schools Foundation and the Board of Governors of Oakland University.
He also serves as board chair of Leaps and Bounds Family Services, an agency dedicated to serving those in poverty, helping them find hope, develop skills and purpose and to move toward living an independent life