Average User Rating:
1 star rating based on 1 review.

Team One Credit Union

520 Hayden St
Saginaw, MI 48606
(989) 754-6575
www.teamonecu.org

OverView
Rates
Health
Reviews

Team One Credit Union is headquartered in SAGINAW and is the 28^th largest credit union in the state of Michigan. It is also the 568^th largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to 90 employees and 32,644 members. Team One Credit Union's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

Team One Credit Union Routing Number: 272484470

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

Team One Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.25%	$10k	-	Checking Account

Team One Credit Union Savings Account Rates

Apy	Min	Max	Product
1.11%	$25k	-	IRA Account
1.11%	$25k	-	Deferred Compensation Account
1.11%	$25k	-	Health Savings Account (HSA)
0.30%	$10k	-	Regular Savings Account
0.30%	$10k	-	Christmas Club Account
0.30%	$10k	-	Vacation Club Account
0.25%	$5k	-	"Your Savings" Account

Team One Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.50%	$500k	-	Money Market Account

Team One Credit Union CD Rates

Apy	Min	Max	Product
1.80%	$500	-	60 Month CD
1.80%	$500	-	60 Month Deferred Compensation CD
1.50%	$500	-	48-59 Month CD
1.50%	$500	-	48-59 Month Deferred Compensation CD
1.10%	$500	-	36-47 Month CD
1.10%	$500	-	36-47 Month Deferred Compensation CD
0.75%	$500	-	24-35 Month CD
0.75%	$500	-	24-35 Month Deferred Compensation CD
0.65%	$500	-	12-23 Month CD
0.65%	$500	-	12-23 Month Deferred Compensation CD
0.50%	$500	-	7-11 Month CD
0.50%	$500	-	7-11 Month Deferred Compensation CD
0.40%	$500	-	6 Month CD
0.40%	$500	-	6 Month Deferred Compensation CD
0.35%	$500	-	3-5 Month CD
0.35%	$500	-	3-5 Month Deferred Compensation CD

Team One Credit Union IRA Rates

Apy	Min	Max	Product
1.80%	$500	-	60 Month IRA
1.50%	$500	-	48-59 Month IRA
1.10%	$500	-	36-47 Month IRA
0.75%	$500	-	24-35 Month IRA
0.65%	$500	-	12-23 Month IRA
0.50%	$500	-	7-11 Month IRA
0.40%	$500	-	6 Month IRA
0.35%	$500	-	3-5 Month IRA

Rates updated: 5/27/2012

Data for Q4 2011

Institution Statistics

TEAM ONE
NCUA #	62141
BankRate Report	View
Year Chartered	1935
Employees	90
Primary Regulator
Assets and Liabilities
Assets	$342.21 million
Loans	$210.27 million
Deposits	$301.72 million
Equity Capital	$36.65 million
Loan Loss Allowance	$2.05 million
Unbacked Noncurrent Loans	$2.02 million
Real Estate Owned	$252,000
Historic Data - December 2010
Assets	$324.53 million
Equity Capital	$35.17 million
Loan Loss Allowance	$1.86 million
Unbacked Noncurrent Loans	$1.38 million
Real Estate Owned	$342,000
Profit Margin - Quarterly
Net Interest Margin	5.7%
Return on Assets	0.49%
Return on Equity	4.53%
Interest Income	$14.13 million
Non-Interest Income	$4.61 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Team One Credit Union had $2.27 million in non-current loans and owned real-estate with $38.7 million in equity and loan loss allowances on hand to cover it. This gives Team One Credit Union a Texas Ratio of 5.88% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Team One Credit Union held steady from 4.65% as of December 31, 2010 to 5.88% as of December 31, 2011, resulting in a negative change of 26.36%. This indicates that the balance sheet and financial strength for Team One Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Team One Credit Union has increased its total deposits by $14.65 million, resulting in 5.1% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Team One Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Team One Credit Union has $342.21 million in assets with $38.7 million in equity, resulting in a capitalization level of 11.31%, which is above average.

Poor Loan Products, Lacking Customer Appreciation
1 stars

- ChrisSmith2002 - Wednesday, September 28, 2011 - 3:13 PM

I banked with Team One Credit Union for about 10 years. Over that time I had many disappointments with them and finally took my business elsewhere because of their loan products and the fact that one hand didn't seem to know what the other was doing. I received several letters from them saying that they didn't have a copy of my title after I already sent them numerous copies. I also was hassled(more than just once) about not having insurance on a loan just several days after getting the loan!!! Um, hello- how did I even get the loan then??? The facts are that I am required to provide proof before I even can get the loan check. I will never bank with Team One Credit Union again and wouldn't recommend them either. I drive about a half hour to another credit union with much better service.