2022-11-15T14:19:32-06:00 2021-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2021-01-01 386066199 TEAM ONE CREDIT UNION TEAM 9897546575 520 HAYDEN ST PO BOX 1260 SAGINAW MI 48606 GERALD J HUTTO PRESIDENT/CEO 9897546575 2022-11-10 1 GERALD HUTTO XXX-XX-XXXX JACK C TRACY P01974742 2482443000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z GERALD J HUTTO 520 HAYDEN ST PO BOX 1260 SAGINAW MI 48606 32238162 0 X WWW.TEAMONECU.ORG X CREDIT UNION 1935 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 9 9 238 13 359048 0 0 0 33047071 30803685 1686505 1309000 0 0 34733576 32112685 15000 15000 0 0 14157975 14318081 0 0 0 17503758 16281501 31676733 30614582 3056843 1498103 677563973 741365810 613109066 673639224 64454907 67726586 ONE TEAM, ONE GOAL - PUTTING OUR MEMBERS FIRST. 0 0 PROVIDE 48,606 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSITS, IRA AND MONEY MARKET ACCOUNTS TOTALING 94,585 ACCOUNTS. PROVIDE 28,543 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 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 12106 0 1 238 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 PATRICK O'TOOLE DIRECTOR 1.00 X 0 0 0 JAMES FLANNERY DIRECTOR 1.00 X 0 0 0 JAN TOLLEY DIRECTOR 1.00 X 0 0 0 REBECCA SANCHEZ CHAIRPERSON 1.00 X 0 0 0 JAN ELBING DIRECTOR 1.00 X 0 0 0 CARL HAWKINS TREASURER 1.00 X 0 0 0 TIMOTHY FRITZ VICE CHAIRPERSON 1.00 X 0 0 0 RICHARD POWELL DIRECTOR 1.00 X 0 0 0 PETER TYSON SECRETARY 1.00 X 0 0 0 GERALD HUTTO PRESIDENT/CEO 40.00 X 634844 0 62084 REBECCA GERZSENY CFO 40.00 X 134242 0 9656 ANNE ARRAND EXECUTIVE VP 40.00 X 244923 0 54702 DANA TELL CORPORATE HOLDINGS EXECUTIVE 40.00 X 141869 0 17685 MICHAEL NEILL CLO OF SERVISTAR 0.00 40.00 X 0 199844 26898 TAYLOR MURRAY CEO OF SERVISTAR 0.00 40.00 X 0 176823 16735 STEVE DEDENE CEO OF CU COMPLIANCE 0.00 40.00 X 0 152402 32317 JOHN HYATT COMMERCIAL LENDING OFFICER 40.00 X 226363 0 28538 1382241 529069 248615 16 0 1 0 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 DATA PROCESSING 1054531 JACK HENRY 663 W HIGHWAY 60 MONETT MO 65708 ATM/CREDIT CARD PROCESSOR AND SUPPORT, I 787299 TUCKER BUILDERS 2634 LIPKA PINCONNING MI 48706 CONSTRUCTION AND RENOVATION OF SEVERAL B 740336 NAUTILUS HYOSUNG 6641 N BELTLINE ROAD STE 100 IRVING TX 75062 ATM MACHINES, INSTALLMENTS, AND SUPPORT 717307 VISA USA INC PO BOX 742233 LOS ANGELES CA 90074 ACCESS TO VENDORS WHO ACCEPT VISA CARDS 555139 19 LOAN INTEREST INCOME 522100 18357479 18357479 FEE AND OTHER INCOME 522100 12087158 12087158 FINANCE AND INSURANCE 520000 359048 359048 30803685 1278668 1278668 155809 125477 30332 30332 30332 32112685 31753637 359048 0 X 15000 1140451 9691118 42044 2662430 782038 81178 102000 1403579 681036 3235727 1308066 1159147 51015 514941 2604158 1699106 152388 LOAN SERVICING 2426171 PROVISION FOR LOAN LOSS 550000 EXAMINATION FEES 121287 CORE DEPOSIT AMORTIZATI 121233 70469 30614582 6837144 8753582 22730286 7449777 9136200 14810127 395623882 393541644 1340655 1454021 33321215 13080648 20007558 20240567 53549820 131393063 160027433 155401879 538262 417029 7772733 7904121 677563973 741365810 10303681 7410043 602805385 666229181 613109066 673639224 X 0 0 0 0 64454907 67726586 64454907 67726586 677563973 741365810 X 1498103 -1536398 3309974 X X 0 1 X 1 0 3348303 3348303 18179912 5934729 12245183 11793000 7145919 4647081 20240567 MUTUAL FUNDS 11092316 F FEDERAL HOME LOAN BANK STOCK 1757700 C CUSO INVESTMENTS 11599864 C AFS INVESTMENTS 103202398 F CERTIFICATES OF DEPOSIT 3740785 F 131393063 ALLOYA CORPORATE FEDERAL CREDIT UNION 155401879 C 155401879 MEMBER SHARES AND DEPOSITS 666229181 666229181 X 32112685 0 32112685 0 32112685 30614582 0 30614582 0 30614582 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 389466 0 208069 0 37309 0 43656 0 18428 0 696928 0 0 0 ANNE ARRAND EXECUTIVE VP 216727 0 6338 0 21858 0 31015 0 23687 0 299625 0 0 0 JOHN HYATT COMMERCIAL LENDING OFFICER 86259 0 138065 0 2039 0 6603 0 21935 0 254901 0 0 0 MICHAEL NEILL CLO OF SERVISTAR 0 197072 0 0 0 2772 0 8269 0 18629 0 226742 0 0 TAYLOR MURRAY CEO OF SERVISTAR 0 151100 0 20000 0 5723 0 4039 0 12696 0 193558 0 0 STEVE DEDENE CEO OF CU COMPLIANCE 0 143702 0 0 0 8700 0 8879 0 23438 0 184719 0 0 DANA TELL CORPORATE HOLDINGS EXECUTIVE 134584 0 4617 0 2668 0 9531 0 8154 0 159554 0 0 0 PART I, LINE 4B GERALD HUTTO AND ANNE ARRAND PARTICIPATE IN A 457B. THE BENEFITS PAYABLE AS OF DECEMBER 31, 2021 WERE: GERALD HUTTO: $656,050 ANNE ARRAND: $192,808 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 OTHER OPERATING EXPENSES 70,469. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME-POSTRETIREMENT HEALTHCARE PLAN 3,309,974. 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 ENTITIES (DESIGN ONE CREATIVE, LLC AND 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. DESIGN ONE CREATIVE LLC PO BOX 1260 SAGINAW MI 48606 273716722 CARD PERSONALIZATION MI 5983 186970 TEAM ONE CREDIT UNION TEAM ONE INSURANCE SERVICES PO BOX 1260 SAGINAW MI 48606 811492966 FINANCIAL INVESTMENTS AND INSURANCE SALES MI 93805 207828 TEAM ONE CREDIT UNION NEIGHBORHOOD INCOME SOLUTIONS 1100 S BAGLEY ST ALPENA MI 49707 464364566 HOLDING COMPANY MI RELATED 1942376 8515859 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 -202176 397824 0 0 0.33330 CU COMPLIANCE CUSO LLC 7415 CHICAGO RD STE 103 WARREN MI 48092 843977803 PROVIDING COMPLIANCE SERVICES MI RELATED -163570 61430 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 862376 ACTUAL EXPENSE CU COMPLIANCE CUSO LLC P 351036 ACTUAL EXPENSE SERVISTAR LLC Q 3418 ACTUAL EXPENSE CU COMPLIANCE CUSO LLC Q 30305 ACTUAL EXPENSE NEIGHBORHOOD INCOME SOLUTIONS Q 439631 ACTUAL EXPENSE