2023-11-08T10:00:47-06:00 2022-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2022-01-01 386066199 TEAM ONE CREDIT UNION TEAM 9897546575 520 HAYDEN ST PO BOX 1260 SAGINAW MI 48606 DERRICK BARBER PRESIDENT/CEO 9897546575 2023-11-07 1 DERRICK BARBER XXX-XX-XXXX 0 JACK C TRACY P01974742 2482443000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DERRICK BARBER 520 HAYDEN ST PO BOX 1260 SAGINAW MI 48606 30552339 0 X WWW.TEAMONECU.ORG X CREDIT UNION 1935 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 9 9 232 12 297446 0 0 0 30803685 27339914 1309000 3208988 0 0 32112685 30548902 15000 15000 0 0 14318081 14327763 0 0 0 16281501 18139284 30614582 32482047 1498103 -1933145 741365810 750657542 673639224 694365483 67726586 56292059 ONE TEAM, ONE GOAL - PUTTING OUR MEMBERS FIRST. 0 0 PROVIDE 50,312 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSITS, IRA AND MONEY MARKET ACCOUNTS TOTALING 97,524 ACCOUNTS. PROVIDE 31,439 LOANS INCLUDING VEHICLE, OVERDRAFT PROTECTION, MORTGAGE, HOME EQUITY, SIGNATURE, CREDIT CARD, STUDENT, AND RECREATIONAL VEHICLE. OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, WIRE TRANSFERS, MONEY ORDERS, BILL PAYMENT, OVERDRAFT PROTECTION/COURTESY PAY AND VARIOUS INSURANCE AND INVESTMENT PROGRAMS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 11877 0 1 232 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 X TEAM ONE CREDIT UNION 9897546575 520 HAYDEN ST PO BOX 1260 SAGINAW MI 48606 REBECCA SANCHEZ CHAIRPERSON 1.00 X 0 0 0 TIMOTHY FRITZ VICE CHAIRPERSON 1.00 X 0 0 0 PETER TYSON SECRETARY 1.00 X 0 0 0 CARL HAWKINS TREASURER 1.00 X 0 0 0 PATRICK O'TOOLE DIRECTOR 1.00 X 0 0 0 JAN TOLLEY DIRECTOR 1.00 X 0 0 0 RICHARD POWELL DIRECTOR 1.00 X 0 0 0 JAN ELBING DIRECTOR 1.00 X 0 0 0 JAMES FLANNERY DIRECTOR 1.00 X 0 0 0 GERALD HUTTO PRESIDENT/CEO 40.00 X 656056 0 63043 REBECCA GERZSENY CFO 40.00 X 140809 0 11234 JASON ACOSTA PRESIDENT 40.00 X 85330 0 13777 DERRICK BARBER PRESIDENT 40.00 X 64686 0 5740 ANNE ARRAND EXECUTIVE VP 40.00 X 249129 0 59357 JOHN HYATT COMMERCIAL LENDING OFFICER 40.00 X 345357 0 29791 MICHAEL NEILL CLO OF SERVISTAR 0.00 40.00 X 0 199939 20311 TAYLOR MURRAY CEO OF SERVISTAR 0.00 40.00 X 0 244078 36946 STEVE DEDENE CEO OF CU COMPLIANCE 0.00 40.00 X 0 177238 35263 DANA TELL CORPORATE HOLDINGS EXECUTI 40.00 X 149761 0 18884 1691128 621255 294346 17 0 1 0 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 DATA PROCESSING 1148312 TUCKER BUILDERS 2634 LIPKA PINCONNING MI 48706 CONSTRUCTION AND RENOVATION OF SEVERAL B 1079098 JACK HENRY 663 W HIGHWAY 60 MONETT MO 65708 ATM/CREDIT CARD PROCESSOR AND SUPPORT, I 899784 ENGAGE FI 550 W EXECUTIVE DR STE 540 TAMPA FL 33609 CONSULTING SERVICES FOR VENDOR CONTRACT 740444 NAUTILUS HYOSUNG 6641 N BELTLINE ROAD STE 100 IRVING TX 75062 ATM MACHINES, INSTALLMENTS, AND SUPPORT 739401 16 LOAN INTEREST INCOME 522100 19253235 19253235 FEE AND OTHER INCOME 522100 7789233 7789233 FINANCE AND INSURANCE 520000 297446 297446 27339914 3208988 3208988 3437 3437 0 30548902 30251456 297446 0 X 15000 1349161 9522689 44904 2585421 825588 102669 92427 2328262 880263 3499882 1450389 1224066 72416 669558 2491484 1820301 164907 LOAN SERVICING 2586729 PROVISION FOR LOAN LOSS 405000 CORE DEPOSIT AMORTIZATI 121232 OTHER OPERATING EXPENSE 115668 114031 32482047 8753582 10825660 7449777 1845393 14810127 2661989 393541644 476599703 1454021 1342470 35267672 15063905 20240567 20203767 131393063 212211255 155401879 15085571 417029 295796 7904121 9585938 741365810 750657542 7410043 16019951 666229181 678345532 673639224 694365483 X 0 0 0 0 67726586 56292059 67726586 56292059 741365810 750657542 X -1933145 -10444169 942787 X X 0 1 X 1 0 3348303 3348303 19331110 6682544 12648566 12588259 8381361 4206898 20203767 MUTUAL FUNDS 9458850 F FEDERAL HOME LOAN BANK STOCK 1569700 C CUSO INVESTMENTS 12083125 C AFS INVESTMENTS 186775589 F CERTIFICATES OF DEPOSIT 2323991 F 212211255 MEMBER SHARES AND DEPOSITS 678345532 678345532 X 30548902 0 30548902 0 30548902 32482047 0 32482047 0 32482047 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES ON INCOME RELATED TO THE EXEMPT PURPOSE OF THE CREDIT UNION. 1 SCHOLARSHIPS 15 15000 PART I, LINE 2: SCHOLARSHIP RECIPIENTS COMPLETE APPLICATIONS AND ARE CHOSEN BY COMMITTEE BASED ON CERTAIN CRITERIA. DOCUMENTATION IS MAINTAINED ON THE RECIPIENTS. X X 0 1 0 GERALD HUTTO PRESIDENT/CEO 408739 0 211124 0 36193 0 43656 0 19387 0 719099 0 0 0 JOHN HYATT COMMERCIAL LENDING OFFICER 86442 0 256836 0 2079 0 6650 0 23141 0 375148 0 0 0 ANNE ARRAND EXECUTIVE VP 222333 0 1938 0 24858 0 34373 0 24984 0 308486 0 0 0 TAYLOR MURRAY CEO OF SERVISTAR 0 196458 0 40000 0 7620 11962 0 24984 0 36946 244078 0 0 MICHAEL NEILL CLO OF SERVISTAR 0 197167 0 0 0 2772 769 0 19542 0 20311 199939 0 0 STEVE DEDENE CEO OF CU COMPLIANCE 0 143538 0 25000 0 8700 10500 0 24763 0 35263 177238 0 0 DANA TELL CORPORATE HOLDINGS EXECUTI 145209 0 1190 0 3362 0 10271 0 8613 0 168645 0 0 0 REBECCA GERZSENY CFO 136813 0 1099 0 2897 0 9504 0 1730 0 152043 0 0 0 PART I, LINE 4B GERALD HUTTO AND ANNE ARRAND PARTICIPATE IN A 457B. THE BENEFITS PAYABLE AS OF DECEMBER 31, 2022 WERE: GERALD HUTTO: $608,297 ANNE ARRAND: $189,735 GERALD HUTTO PRESIDENT/CEO 3437 UPON RETIREMENT, THE PRESIDENT/CEO PURCHASED HIS COMPANY VEHICLE FROM THE CREDIT UNION. IN ACCORDANCE WITH HIS EMPLOYMENT CONTACT, HE WAS GIVEN THE OPPORTUNITY TO PURCHASE THE VEHICLE FOR AN AMOUNT EQUAL TO THE VEHICLE'S BOOK VALUE AS OF DECEMBER 31, 2022. 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS AT THE ANNUAL MEETING. EACH BOARD MEMBER IS ELECTED FOR A THREE YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF THE MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B A REVIEW IS CONDUCTED BY THE PRESIDENT/CEO PRIOR TO SUBMISSION TO THE IRS. SUBSEQUENT TO FILING, THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE 990 RETURNS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW THE POLICY AND SIGN A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE WITH APPROVAL BY BOARD OR COMPENSATION COMMITTEE. THE BOARD OF DIRECTOR'S EXECUTIVE COMMITTEE COMMPLETES A PERFORMANCE APPRAISAL ANNUALLY. SALARY INCREASES ARE APPROVED BY THE BOARD OF DIRECTORS AND ARE DETERMINED BASED ON PERFORMANCE AS WELL AS PEER GROUP. THE CEO PERFORMS ANNUAL EVALUATIONS OF KEY EMPLOYEES AND HAS BEEN GIVEN THE AUTHORITY TO PROVIDE SALARY INCREASES BASED ON PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE CREDIT UNION LOBBY. OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 24E EXAMINATION FEES 114,031. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME-POSTRETIREMENT HEALTHCARE PLAN 942,787. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. FORM 990, PART IV, LINE 12B THE CREDIT UNION'S AUDITED CONSOLIDATED FINANCIAL STATEMENTS INCLUDED THE BALANCES AND ACTIVITIES OF THE 100% OWNED DISREGARDED ENTITY (TEAM ONE INSURANCE SERVICES) AND DID NOT INCLUDE THE PARTNERSHIP SUBSIDIARIES, NEIGHBORHOOD INCOME SOLUTIONS, SERVISTAR, LLC, AND CU COMPLIANCE CUSO, LLC OF WHICH TEAM ONE CREDIT UNION OWNS 33.33% IN EACH. THEREFORE, SCHEDULE D, PARTS XI AND XII HAVE BEEN PREPARED. TEAM ONE INSURANCE SERVICES PO BOX 1260 SAGINAW MI 48606 811492966 FINANCIAL INVESTMENTS AND INSURANCE SALES MI -2898 326723 TEAM ONE CREDIT UNION NEIGHBORHOOD INCOME SOLUTIONS 1100 S BAGLEY ST ALPENA MI 49707 464364566 HOLDING COMPANY MI RELATED 307410 8823269 0 0 0.33330 SERVISTAR LLC 101 N PARK ST TRAVERSE CITY MI 49684 852732958 TRAIN CREDIT UNIONS TO MAXIMIZE PERFOMANCE THROUGH TRAINING AND ENGAGEMENT. MI RELATED -177758 220067 0 0 0.33330 CU COMPLIANCE CUSO LLC 7415 CHICAGO RD STE 103 WARREN MI 48092 843977803 PROVIDING COMPLIANCE SERVICES MI RELATED -88379 123051 0 0 0.33330 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 SERVISTAR LLC P 29732 ACTUAL EXPENSE SERVISTAR LLC Q 997315 ACTUAL EXPENSE CU COMPLIANCE CUSO LLC Q 445108 ACTUAL EXPENSE NEIGHBORHOOD INCOME SOLUTIONS P 241039 ACTUAL EXPENSE