Dec, 31, 2023 — TEAM ONE CREDIT UNION is a federally insured state chartered credit union headquartered in SAGINAW, MI with 12 branch locations and about $740.52 million in total assets. Opened 89 years ago in 1935, TEAM ONE CREDIT UNION has about 51,884 members and employs 182 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEAM ONE CREDIT UNION |
|---|---|
| Address: (Main Office) | 520 HAYDEN ST SAGINAW, MI 48607 |
| Phone: | (989) 754-6575 |
| Fax: | (989) 754-4249 |
| Website: | https://www.teamonecu.org |
| Branches: | 12 branch locations |
| Members: | 51,884 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62141 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $740,519,118 |
| CEO/Manager: | Derrick Barber |
| Chairperson: | Rebecca Sanchez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,103,043 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 307,504,552 |
| Unsecured Loans | 48,305,556 |
| Other Loans | 147,560,211 |
| TOTAL LOANS | 503,651,913 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,421,166 |
| Land And Building | 15,998,631 |
| Other Fixed Assets | 4,052,429 |
| NCUSIF Deposit | 6,348,654 |
| All Other Assets | 123,146 |
| TOTAL ASSETS | 740,519,118 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,382,512 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 130,274,268 |
| Regular shares | 226,127,901 |
| All Other Shares & Deposits | 314,627,516 |
| TOTAL SHARES & DEPOSITS | 671,029,686 |
| TOTAL LIABILITIES | 678,444,170 |
| Regular Reserve | 0 |
| Other Reserves | 5,420,163 |
| Undivided Earnings | 56,654,785 |
| TOTAL EQUITY | 62,074,948 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 740,519,118 |
| INCOME & EXPENSE | |
| Loan Income | 25,456,166 |
| Investment Income | 3,020,107 |
| Other Income | 4,630,020 |
| Total Employee Compensation & Benefits | 14,046,320 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,292,313 |
| Non-operating Income & (Expense) | 6,525 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,209,749 |
| Cost of Funds | 7,157,761 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 842,778 |
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