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: $1,253,921
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,452,757

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?

Taylor Murray is the CEO of Team One Credit Union The CEO's salary of Team One Credit Union is $0 and their total compensation is $292,505.


Official website here: www.teamonecu.org

What is the revenue of Team One Credit Union?

Team One Credit Union's revenue in 2023 was $38,190,511.


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 2023 was $45,755. There are 234 employees and 12 volunteers at Team One Credit Union.

Here are 20 key members and their salaries (Team One Credit Union's CEO's salary is $0 and their total compensation is $292,505):


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
Jan Elbing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theron Wiggis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Finkbeiner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Powell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derrick Barber (President)
  • Compensation: $381,266
  • Related: $0
  • Other: $24,257
Anne Arrand (Executive Vp)
  • Compensation: $232,078
  • Related: $0
  • Other: $22,714
Rebecca Gerzseny (Cfo)
  • Compensation: $149,713
  • Related: $0
  • Other: $25,616
Dana Tell (Chief Strategy Officer)
  • Compensation: $179,835
  • Related: $0
  • Other: $38,820
Timothy Ferrio (Chief Technology Officer)
  • Compensation: $150,043
  • Related: $0
  • Other: $49,579
Nancy Davis (Vp Of Lending)
  • Compensation: $144,429
  • Related: $0
  • Other: $43,103
John Hyatt (Commercial Lending Officer)
  • Compensation: $290,459
  • Related: $0
  • Other: $7,078
Taylor Murray (Ceo Of Servistar)
  • Compensation: $0
  • Related: $272,900
  • Other: $19,605
Michael Neill (Clo Of Servistar)
  • Compensation: $0
  • Related: $207,815
  • Other: $2,928
Scott Albrecht (Vp Of Learning & Development)
  • Compensation: $128,277
  • Related: $0
  • Other: $10,045


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 2023 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
$38,190,511 (2023)
Expenses
$37,347,733 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $3,020,106
  • Program Service Revenue: $35,460,755
  • Gross Receipts: $55,727,184

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

$25,456,167

FEE AND OTHER INCOME

Revenue

$9,686,224

FINANCE AND INSURANCE

Revenue

$318,364

Organization Details

Founding Year

1935

Principal Officer

Derrick Barber

NTEE Category

Code: W60 - Public benefit

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