2020-11-06T13:53:10-06:00 2019-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2019-01-01 386066199 TEAM ONE CREDIT UNION TEAM 9897546575 PO BOX 1260 SAGINAW MI 48606 GERALD J HUTTO PRESIDENT/CEO 9897546575 2020-11-06 1 ROBERT PARKS P00740435 2482443000 104.11.88.150 2020-11-06 11:50:39 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B2EFC313AB4EEA4760135470907D022D8B217834 2019 2021-04-22 16:20:28Z GERALD J HUTTO PO BOX 1260 SAGINAW MI 48606 32953928 0 X WWW.TEAMONECU.ORG X CREDIT UNION 1935 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 9 9 241 14 334915 -109854 0 0 28066002 30402528 1691055 2277800 765 0 29757822 32680328 15000 15000 0 0 12209229 13639789 0 0 0 14222031 16983853 26446260 30638642 3311562 2041686 518805153 569349136 463138689 507583515 55666464 61765621 PERSONAL BANKING SOLUTIONS YOU CAN TRUST. 0 0 PROVIDE 52,386 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA AND MONEY MARKET ACCOUNTS TOTALING 100,781. PROVIDE 33,096 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 0 0 0 0 0 0 0 1 1 0 0 1 13076 0 1 241 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 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 579960 0 59042 MICHAEL BAHORSKI CFO FROM 5/04/2017 40.00 X 38722 0 8903 REBECCA GERZSENY CFO 40.00 X 67546 0 1341 ANNE ARRAND EXECUTIVE VP 40.00 X 221271 0 50256 DANA TELL VP OF MARKETING 40.00 X 116163 0 14602 SCOTT TRIPLETT COMMERCIAL LENDING OFFICER 40.00 X 136841 0 26407 NANCY DAVIS VP OF LENDING 40.00 X 118501 0 24621 JUSTIN SCHALK VP OF IT 40.00 X 125050 0 28682 JOHN HYATT COMMERCIAL LENDING OFFICER 40.00 X 146162 0 25869 1550216 0 239723 10 0 1 0 TUCKER BUILDERS 2634 LIPKA PINCONNING MI 48706 CONSTRUCTION 2394058 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 DATA PROCESSING 1158996 NAUTILUS HYOSUNG 6641 N BELTLINE ROAD SUITE 100 IRVING TX 75063 ATM MACHINES, SUPPORT AND MAINTENANCE 737676 FIS 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 VISA SCORECARD REDEMPTION, INTERNET ID, 593983 JACK HENRY 663 W HIGHWAY 60 MONETT MO 65708 ATM/CREDIT CARD PROCESSOR AND SUPPORT 502375 17 LOAN INTEREST INCOME 522100 20476446 20476446 FEE AND OTHER INCOME 522100 9591167 9591167 NON-MEMBER ATM INCOME 900099 334915 334915 30402528 2293348 2293348 196240 61812 200000 73600 -3760 -11788 -15548 -15548 32680328 32345413 334915 0 X 15000 1027041 9160546 41555 2590347 820300 43359 101817 809351 753158 3232328 1460266 1128244 84406 411741 3906911 1333011 141015 LOAN SERVICING 2175457 PROVISION FOR LOAN LOSS 850000 OTHER OPERATING EXPENSE 296745 EXAMINATION FEES 118552 137492 30638642 5885940 8051922 7784101 8279347 4047965 6374009 388110212 419670895 1110381 1105922 30532817 9765213 17467854 20767604 67130059 74719663 20619128 22873251 143005 659494 6506508 6847029 518805153 569349136 7260161 8369453 10000000 0 445878528 499214062 463138689 507583515 X 0 0 0 0 55666464 61765621 55666464 61765621 518805153 569349136 X 2041686 1177917 2879554 X X 0 1 X 1 0 3452823 3452823 17098457 4600444 12498013 9981537 5164769 4816768 20767604 MUTUAL FUNDS 696597 C FEDERAL HOME LOAN BANK STOCK 1403000 C CUSO INVESTMENTS 6235537 C AFS INVESTMENTS 55794616 F CERTIFICATES OF DEPOSIT 10589913 C 74719663 MEMBER SHARES AND DEPOSITS 499214062 499214062 X 32668662 -11666 -11666 32680328 0 32680328 30626976 0 30626976 11666 11666 30638642 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSSES INCLUDED AS A REDUCTION OF REVENUE WITHIN THE AUDITED FINANCIAL STATEMENTS REPORTED AS EXPENSES IN THE STATEMENT OF EXPENSES -11,666. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSSES INCLUDED AS A REDUCTION OF REVENUE WITHIN THE AUDITED FINANCIAL STATEMENTS REPORTED AS EXPENSES IN THE STATEMENT OF EXPENSES 11,666. 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 348421 0 195000 0 36539 0 43063 0 15979 0 639002 0 0 0 ANNE ARRAND EXECUTIVE VP 193417 0 6862 0 20992 0 29638 0 20618 0 271527 0 0 0 SCOTT TRIPLETT COMMERCIAL LENDING OFFICER 88037 0 46709 0 2095 0 6380 0 20027 0 163248 0 0 0 JUSTIN SCHALK VP OF IT 117481 0 5126 0 2443 0 8502 0 20180 0 153732 0 0 0 JOHN HYATT COMMERCIAL LENDING OFFICER 81615 0 62995 0 1552 0 6301 0 19568 0 172031 0 0 0 PART I, LINE 4B GERALD HUTTO AND ANNE ARRAND PARTICIPATE IN A 457B. THE BENEFITS PAYABLE AS OF DECEMBER 31, 2019 WERE: GERALD HUTTO: $575,525 ANNE ARRAND: $121,072 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 CREDIT UNION DECISIONS THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE MERGERS. 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 FOR THE PRESIDENT/CEO - THE BOARD OF DIRECTOR'S EXECUTIVE COMMITTEE COMPLETES A PERFORMANCE APPRAISAL ANNUALLY. SALARY INCREASES ARE APPROVED BY THE BOARD OF DIRECTORS AND ARE DETERMINED BASED ON PERFORMANCE AS WELL AS PEER GROUP COMPARISON. THE PRESIDENT/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 11G OTHER OUTSIDE SERVICES 809,351. FORM 990, PART IX, LINE 24E CORE DEPOSIT AMORTIZATION 113,732. LOSS ON DISPOSAL OF ASSETS 23,760. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME-POSTRETIREMENT HEALTHCARE PLAN -694,054. EQUITY ACQUIRED IN MERGER 3,573,608. 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 SUBSIDIARY, NEIGHBORHOOD INCOME SOLUTIONS, OF WHICH TEAM ONE CREDIT UNION OWNS 33.33%. THEREFORE, SCHEDULE D, PARTS XI AND XII HAVE BEEN PREPARED. DESIGN ONE CREATIVE LLC PO BOX 1260 SAGINAW MI 48606 273716722 CARD PERSONALIZATION MI 117411 199918 TEAM ONE CREDIT UNION TEAM ONE INSURANCE SERVICES PO BOX 1260 SAGINAW MI 48606 811492966 FINANCIAL INVESTMENTS AND INSURANCE SALES MI 64897 77060 TEAM ONE CREDIT UNION NEIGHBORHOOD INCOME SOLUTIONS 1100 S BAGLEY ST ALPENA MI 49707 464364566 HOLDING COMPANY MI RELATED 703421 4242559 0 0 0.33330 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0