Team One Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 386066199 ✦ Saginaw, MI ✦ Designated as a 501(c)(14)

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Overview

What is Team One Credit Union?

Team One Credit Union is a cooperative financial institution based on the principle of serving member-owners who share a mutual connection. This nonprofit organization aims to deliver a range of financial services to its members, fostering a sense of community and financial empowerment. By maintaining a common bond, Team One Credit Union creates an inclusive space where members can access essential financial products and services.


Official website here: www.teamonecu.org

Is Team One Credit Union legitimate?

Team One Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Team One Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,349,161
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,522,689

For more financial information, click here


Official website here: www.teamonecu.org

What is the mission statement of Team One Credit Union?

Team One Credit Union is committed to delivering financial services to a group of individuals who share a common bond. Their mission is centered around extending financial assistance to this collective community. By offering a range of financial products and services, they aim to enhance the financial wellbeing of their members. The credit union's goal is to create a strong financial foundation for its members, providing them with the resources they need to manage their money effectively. Through this mission, Team One Credit Union fosters financial stability and promotes financial literacy among its members.


Official website here: www.teamonecu.org

Who is the CEO of Team One Credit Union?

Derrick Barber is the Chairperson of Team One Credit Union. The CEO's salary of Team One Credit Union is $0 and their total compensation is $212,501.


Official website here: www.teamonecu.org

What is the revenue of Team One Credit Union?

Team One Credit Union's revenue in 2022 was $30,548,902.


Official website here: www.teamonecu.org

Who are the executives of Team One Credit Union and what are their salaries?

The average compensation at Team One Credit Union during 2022 was $46,861. There are 232 employees and 12 volunteers at Team One Credit Union.


Here are 19 key members and their salaries (Team One Credit Union's CEO's salary is $0 and their total compensation is $212,501):


Rebecca Sanchez (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Fritz (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Tyson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Hawkins (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick O'Toole (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jan Tolley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Powell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jan Elbing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Flannery (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Hutto (President/Ceo)
  • Compensation: $656,056
  • Related: $0
  • Other: $63,043
Rebecca Gerzseny (Cfo)
  • Compensation: $140,809
  • Related: $0
  • Other: $11,234
Jason Acosta (President)
  • Compensation: $85,330
  • Related: $0
  • Other: $13,777
Derrick Barber (President)
  • Compensation: $64,686
  • Related: $0
  • Other: $5,740
Anne Arrand (Executive Vp)
  • Compensation: $249,129
  • Related: $0
  • Other: $59,357
John Hyatt (Commercial Lending Officer)
  • Compensation: $345,357
  • Related: $0
  • Other: $29,791
Michael Neill (Clo Of Servistar)
  • Compensation: $0
  • Related: $199,939
  • Other: $20,311
Taylor Murray (Ceo Of Servistar)
  • Compensation: $0
  • Related: $244,078
  • Other: $36,946
Steve Dedene (Ceo Of Cu Compliance)
  • Compensation: $0
  • Related: $177,238
  • Other: $35,263
Dana Tell (Corporate Holdings Executi)
  • Compensation: $149,761
  • Related: $0
  • Other: $18,884


Official website here: www.teamonecu.org

Where can I find the form 990 for Team One Credit Union?

Team One Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.teamonecu.org

Learn more at the official website: www.teamonecu.org

Mission Statement of Team One Credit Union

Team One Credit Union, with its mission to provide financial services, is a financial institution catering to member owners who share a common bond. This organization's primary objective is to offer financial assistance and resources to its members, fostering financial stability and growth within the community it serves.

In simple terms, Team One Credit Union exists to meet the financial needs of its members, creating opportunities for them to save, borrow, and manage their money effectively. By providing a range of financial services, this credit union empowers its members to take control of their financial future and improve their economic well-being.

Moreover, Team One Credit Union's commitment to its members goes beyond just offering financial services. The credit union's focus on building a strong community among its members is a testament to its dedication to helping individuals and families achieve their financial goals. Through its member-owned structure, Team One Credit Union fosters a sense of belonging, ensuring that every member feels valued and supported in their financial journey.

In essence, Team One Credit Union is more than just a financial services provider; it is a vibrant and inclusive community that empowers its members to take charge of their financial futures and build a better life for themselves and their families.

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Impact




October, 2024

Team One Credit Union significantly impacts its members and the Saginaw community by providing accessible financial services tailored to individuals united by a shared bond. By prioritizing the needs of its member-owners, the credit union fosters financial literacy, promotes savings, and supports responsible borrowing. This commitment to member-focused services enhances financial well-being, empowering individuals to achieve their economic goals. Through community involvement and a dedication to public benefit, Team One Credit Union strengthens the local economy and builds a sense of solidarity among its members.




This information is meant to be a general summary of Team One Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$30,548,902 (2022)
Expenses
$32,482,047 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,208,988
  • Program Service Revenue: $27,339,914
  • Gross Receipts: $30,552,339

Assets and Liabilities:

  • Total Assets: $750,657,542
  • Total Liabilities: $694,365,483
  • Net Assets: $56,292,059

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST INCOME

Revenue

$19,253,235

FEE AND OTHER INCOME

Revenue

$7,789,233

FINANCE AND INSURANCE

Revenue

$297,446

Organization Details

Founding Year

1935

Principal Officer

Derrick Barber

Main Address

520 HAYDEN ST PO BOX 1260, SAGINAW, MI, 48606

NTEE Category

Code: W60 - Public benefit

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