2019-08-06T18:11:05-05:00 2018-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2018-01-01 386066199 TEAM ONE CREDIT UNION TEAM 9897546575 PO BOX 1260 SAGINAW MI 48606 GERALD J HUTTO PRESIDENT/CEO 9897546575 2019-08-01 1 ROBERT PARKS P00740435 2482443000 104.11.88.150 2019-08-01 14:24:45 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2018 2019-02-21 02:37:17Z GERALD J HUTTO PO BOX 1260 SAGINAW MI 48606 31163532 0 X WWW.TEAMONECU.ORG X CREDIT UNION 1935 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 9 9 226 11 334462 -91043 0 0 26936681 28066002 1015039 1691055 3138 765 27954858 29757822 18500 15000 0 0 11035392 12209229 0 0 0 13037951 14222031 24091843 26446260 3863015 3311562 500694772 518805153 448401860 463138689 52292912 55666464 PERSONAL BANKING SOLUTIONS YOU CAN TRUST. 0 0 PROVIDE 49,724 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA AND MONEY MARKET ACCOUNTS TOTALING 94,087. PROVIDE 32,898 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 11733 0 1 226 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 528747 0 41116 MICHAEL BAHORSKI CFO FROM 5/04/2017 40.00 X 125165 0 26606 ANNE ARRAND EXECUTIVE VP 40.00 X 214199 0 47993 DANA TELL VP OF MARKETING 40.00 X 115219 0 13845 JOHN G HUNTER JR COMMERCIAL LENDING OFFICER 40.00 X 124118 0 24641 LYNNE KINDY VP OF COMPLIANCE 40.00 X 114449 0 22592 JUSTIN SCHALK VP OF IT 40.00 X 119399 0 26307 JOHN HYATT COMMERCIAL LENDING OFFICER 40.00 X 125484 0 23825 1466780 0 226925 8 0 1 0 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 DATA PROCESSING 1007295 NAUTILUS HYOSUNG 6641 N BELTLINE ROAD SUITE 100 IRVING TX 75063 ATM MACHINES, SUPPORT AND MAINTENANCE 758548 TUCKER BUILDERS 2634 LIPKA PINCONNING MI 48706 CONSTRUCTION 546855 FIS 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 VISA SCORECARD REDEMPTION, INTERNET ID, 507611 JACK HENRY 663 W HIGHWAY 60 MONETT MO 65708 ATM/CREDIT CARD PROCESSOR AND SUPPORT 462152 15 LOAN INTEREST INCOME 522100 18691668 18691668 FEE AND OTHER INCOME 522100 9039872 9039872 NON-MEMBER ATM INCOME 900099 334462 334462 28066002 1694843 1694843 3400 2635 765 765 765 1228550 170737 1209651 193424 18899 -22687 -3788 -3788 29757822 29423360 334462 0 15000 983826 8249680 41705 2210028 723990 86393 619473 874986 2933632 1024114 950664 104311 446434 2803010 1190184 132063 LOAN SERVICING 1925598 PROVISION FOR LOAN LOSS 675000 OTHER OPERATING EXPENSE 315907 EXAMINATION FEES 109061 31201 26446260 6075283 5885940 2566112 7784101 4322818 4047965 383579876 388110212 1064788 1110381 25970466 8502612 15051791 17467854 70174122 67130059 11068027 20619128 174206 143005 6617749 6506508 500694772 518805153 7392299 7260161 2000000 10000000 439009561 445878528 448401860 463138689 X 0 0 0 0 52292912 55666464 52292912 55666464 500694772 518805153 X 3311562 -162403 224393 X X 0 1 X 1 0 2870138 2870138 14486438 4113050 10373388 8613890 4389562 4224328 17467854 MUTUAL FUNDS 592236 C FEDERAL HOME LOAN BANK STOCK 1256500 C CUSO INVESTMENTS 4571213 C AFS INVESTMENTS 58528110 F CERTIFICATES OF DEPOSIT 2182000 C 67130059 MEMBER SHARES AND DEPOSITS 445878528 445878528 X 29685671 0 29685671 72151 72151 29757822 26374109 -72151 -72151 26446260 0 26446260 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET LOSS FROM DESIGN ONE CREATIVE, LLC REPORTED NET OF REVENUE IN AUDITED FINANCIAL STATEMENTS BUT INCLUDED IN EXPENSES IN FORM 990 19,852. RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE IN FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS -2,635. CONTRA INCOME ACCOUNT THAT WAS TRANSFERRED TO EXPENSE 25. NET LOSS FROM TEAM ONE INSURANCE CUSO REPORTED NET OF REVENUE IN AUDITED FINANCIAL STATEMENTS BUT INCLUDED IN EXPENSES IN FORM 990 54,909. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET LOSS FROM DESIGN ONE CREATIVE, LLC REPORTED NET OF REVENUE IN AUDITED FINANCIAL STATEMENTS BUT INCLUDED IN EXPENSES IN FORM 990 -19,852. RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE IN FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS 2,635. CONTRA INCOME ACCOUNT THAT WAS TRANSFERRED TO EXPENSE -25. NET LOSS FROM TEAM ONE INSURANCE CUSO REPORTED NET OF REVENUE IN AUDITED FINANCIAL STATEMENTS BUT INCLUDED IN EXPENSES IN FORM 990 -54,909. 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 0 0 GERALD HUTTO PRESIDENT/CEO 329085 0 162628 0 37034 0 25892 0 15224 0 569863 0 0 0 MICHAEL BAHORSKI CFO FROM 5/04/2017 120286 0 4550 0 329 0 8836 0 17770 0 151771 0 0 0 ANNE ARRAND EXECUTIVE VP 190352 0 7482 0 16365 0 28375 0 19618 0 262192 0 0 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 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 XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME-POSTRETIREMENT HEALTHCARE PLAN 224,393. 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 108777 171678 TEAM ONE CREDIT UNION TEAM ONE INSURANCE SERVICES PO BOX 1260 SAGINAW MI 48606 811492966 FINANCIAL INVESTMENTS AND INSURANCE SALES MI 86268 13421 TEAM ONE CREDIT UNION NEIGHBORHOOD INCOME SOLUTIONS 1100 S BAGLEY ST ALPENA MI 49707 464364566 HOLDING COMPANY MI RELATED 450374 3539138 0 0 0.33330 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0