2018-11-07T09:05:27-06:00 2017-12-31 382492570 DOEREN MAYHEW 305 W BIG BEAVER ROAD TROY MI 48084 990 2017-01-01 386066199 TEAM ONE CREDIT UNION TEAM 9897546575 PO BOX 1260 SAGINAW MI 48606 GERALD J HUTTO PRESIDENT/CEO 9897546575 2018-11-07 1 ROBERT PARKS P00740435 2482443000 68.59.28.7 2018-11-07 07:47:45 ES P 5C10503600C6A44598C4573B9F16AA1A88D12859 EEF4FE8CDEF09A7814C765BD24A2772B28E60280 2017 2019-02-21 02:37:17Z GERALD J HUTTO PO BOX 1260 SAGINAW MI 48606 30091441 0 X WWW.TEAMONECU.ORG X CREDIT UNION 1935 MI TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND. 9 9 218 13 421209 -4696 0 0 25432142 26936681 1230111 1015039 74036 3138 26736289 27954858 23500 18500 0 0 10739212 11035392 0 0 0 17441543 13037951 28204255 24091843 -1467966 3863015 490999575 500694772 441909149 448401860 49090426 52292912 X PERSONAL BANKING SOLUTIONS YOU CAN TRUST. 0 1 PROVIDE 50,202 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSIT, IRA AND MONEY MARKET ACCOUNTS TOTALING 95,357. PROVIDE 33,720 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 11569 0 1 218 1 1 1 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 CHAIRPERSON 1.00 X 0 0 0 JAMES FLANNERY VICE CHAIRPERSON 1.00 X 0 0 0 JAN TOLLEY TREASURER 1.00 X 0 0 0 REBECCA SANCHEZ SECRETARY 1.00 X 0 0 0 LYNNE STAPLES DIRECTOR 1.00 X 0 0 0 EARNEST BURNELL DIRECTOR 1.00 X 0 0 0 TIMOTHY FRITZ DIRECTOR 1.00 X 0 0 0 RICHARD POWELL DIRECTOR 1.00 X 0 0 0 PETER TYSON DIRECTOR 1.00 X 0 0 0 GERALD HUTTO PRESIDENT/CEO 40.00 X 447841 0 56687 MARY CUNNINGHAM CFO UNTIL 4/25/2017 40.00 X 59552 0 7638 MICHAEL BAHORSKI CFO FROM 5/04/2017 40.00 X 74710 0 18311 ANNE ARRAND EXECUTIVE VP 40.00 X 195331 0 44759 DANA TELL VP OF MARKETING 40.00 X 106993 0 12922 JOHN G HUNTER JR COMMERCIAL LENDING OFFICER SUPERVISOR 40.00 X 132335 0 23162 LYNNE KINDY VP OF COMPLIANCE 40.00 X 105146 0 21197 JUSTIN SCHALK VP OF IT 40.00 X 104190 0 24001 JOHN HYATT COMMERCIAL LENDING OFFICER 40.00 X 136902 0 21461 1363000 0 230138 7 0 1 0 MEMBER DRIVEN TECHNOLOGIES 30230 ORCHARD LAKE ROAD FARMINGTON HILLS MI 48334 DATA PROCESSING 981455 TUCKER BUILDERS 2634 LIPKA PINCONNING MI 48706 CONSTRUCTION 503887 FIS 601 RIVERSIDE AVENUE JACKSONVILLE FL 32204 VISA SCORECARD REDEMPTION, INTERNET ID, 410444 JACK HENRY 663 W HIGHWAY 60 MONETT MO 65708 ATM/CREDIT CARD PROCESSOR AND SUPPORT 395262 VISA INC 900 METRO BLVD FOSTER CITY CA 94404 VISA BILLING 368133 14 LOAN INTEREST INCOME 522100 18083319 18083319 FEE AND OTHER INCOME 522100 8432153 8432153 NON-MEMBER ATM INCOME 900099 416465 416465 NON-MEMBER SHARED BRANCHING 522100 4744 4744 26936681 1246573 1246573 8700 5562 3138 3138 3138 648926 1250561 636140 1494881 12786 -244320 -231534 -231534 27954858 27533649 421209 0 18500 904829 7475031 40432 1954327 660773 91859 517271 812433 2695043 990593 859563 64702 326502 2422471 1068019 137323 LOAN SERVICING 2116010 PROVISION FOR LOAN LOSS 550000 OTHER OPERATING EXPENSE 236250 EXAMINATION FEES 107135 42777 24091843 8903717 6075283 4378086 2566112 3426882 4322818 361226654 383579876 692699 1064788 22364129 7312338 14934050 15051791 79636436 70174122 10897129 11068027 174206 6903922 6617749 490999575 500694772 8862250 7392299 2000000 433046899 439009561 441909149 448401860 X 0 0 0 0 49090426 52292912 49090426 52292912 490999575 500694772 X 3863015 -106286 -554243 X X 0 1 X 1 0 2460638 2460638 12896816 3696296 9200520 7006675 3616042 3390633 15051791 MUTUAL FUNDS 544524 C FEDERAL HOME LOAN BANK STOCK 1153400 C CUSO INVESTMENTS 3873470 C AFS INVESTMENTS 64402728 F CERTIFICATES OF DEPOSIT 200000 C 70174122 MEMBER SHARES AND DEPOSITS 439009561 439009561 X 28191954 0 28191954 -237096 -237096 27954858 24328939 237096 237096 24091843 0 24091843 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 ON SALE OF ASSETS WITHIN INCOME SECTION ON FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS -231,534. RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE IN FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS -5,562. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET LOSS ON SALE OF ASSETS WITHIN INCOME SECTION ON FORM 990 INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS 231,534. RENTAL EXPENSE IS REPORTED AS A REDUCTION OF RENTAL REVENUE IN FORM 990 BUT INCLUDED IN EXPENSES IN THE AUDITED FINANCIAL STATEMENTS 5,562. 1 SCHOLARSHIPS 18 18500 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 298155 0 121510 0 28176 0 42276 0 14411 0 504528 0 0 0 ANNE ARRAND EXECUTIVE VP 176193 0 3716 0 15422 0 26796 0 17963 0 240090 0 0 0 JOHN G HUNTER JR COMMERCIAL LENDING OFFICER SUPERVISO 91711 0 40492 0 132 0 6687 0 16475 0 155497 0 0 0 JOHN HYATT COMMERCIAL LENDING OFFICER 80732 0 56036 0 134 0 5995 0 15466 0 158363 0 0 0 FORM 990, PART III, LINE 3 BEGINNING IN JANUARY 2017, THE CREDIT UNION DISCONTINUED PROVIDING NON-MEMBER SHARED BRANCHING TRANSACTIONS. 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 -554,243. 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. 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 108865 167131 TEAM ONE CREDIT UNION TEAM ONE INSURANCE SERVICES PO BOX 1260 SAGINAW MI 48606 811492966 FINANCIAL INVESTMENTS AND INSURANCE SALES MI 64616 37483 TEAM ONE CREDIT UNION NEIGHBORHOOD INCOME SOLUTIONS 1100 S BAGLEY ST ALPENA MI 49707 464364566 HOLDING COMPANY MI RELATED 453617 3088763 0 0 0.33330 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0