Team One Credit Union is headquartered in SAGINAW and is the 28th largest credit union in the state of Michigan. It is also the 560th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 107 employees and 35,203 members. Team One Credit Union's savings rates are 83% higher than the national average, and it has a A health rating.
Anyone living, working, worshipping or attending school in the Michigan counties. - See Details
I called to inquire about personal loan and its interest. I know that the loan that I'm looking at is a big amount but the lady that I've talked to keeps on repeating that I should think it over and it is a big amount. I thought that is what they are for, to lend us when we need it and we pay back with interest in return. It is very humiliating that a representative from a bank discourages you to use their resources in times of need as if the amount that you need will change because they find it a huge amount. Considering I have a very good history with my payments from my previous loans. I am so not pleased with their customer service today.
Whether it is a small amount or not, if the person is credit worthy shouldn't be that person be treated the way he should be, instead of being talked down as if the money is going to be given away for FREE
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.
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, 2013 Team One Credit Union had $2.58 million in non-current loans and owned real-estate with $44.44 million in equity and loan loss allowances on hand to cover it. This gives Team One Credit Union a Texas Ratio of 5.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Team One Credit Union experienced no significant changes from 4.93% as of December 31, 2012 to 5.81% as of December 31, 2013, resulting in a negative change of 17.97%. This indicates that the balance sheet and financial strength for Team One Credit Union has had no significant changes in recent periods.
In the past year, Team One Credit Union has increased its total deposits by $14.75 million, resulting in 4.54% 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.
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 $383.65 million in assets with $44.44 million in equity, resulting in a capitalization level of 11.58%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$42.55 million|
|Loan Loss Allowance||$1.89 million|
|Unbacked Noncurrent Loans||$2.10 million|
|Real Estate Owned||$482,000|
|Historic Data - December 2012|
|Equity Capital||$39.62 million|
|Loan Loss Allowance||$1.94 million|
|Unbacked Noncurrent Loans||$2.10 million|
|Real Estate Owned||$731,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.97%|
|Return on Assets||0.7%|
|Return on Equity||6.28%|
|Interest Income||$14.06 million|
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|0.95%||$25k||-||Deferred Compensation Account|
|0.95%||$25k||-||Health Savings Account (HSA)|
|0.25%||$10k||-||Regular Savings Account|
|0.20%||$5k||-||"Your Savings" Account|
|0.40%||$500k||-||Money Market Account|
|1.75%||$500||-||60 Month Deferred Compensation CD|
|1.40%||$500||-||48-59 Month CD|
|1.40%||$500||-||60 Month CD|
|1.40%||$500||-||48-59 Month Deferred Compensation CD|
|0.90%||$500||-||36-47 Month CD|
|0.90%||$500||-||36-47 Month Deferred Compensation CD|
|0.60%||$500||-||24-35 Month CD|
|0.60%||$500||-||24-35 Month Deferred Compensation CD|
|0.45%||$500||-||12-23 Month CD|
|0.45%||$500||-||12-23 Month Deferred Compensation CD|
|0.40%||$500||-||6 Month CD|
|0.40%||$500||-||7-11 Month CD|
|0.40%||$500||-||6 Month Deferred Compensation CD|
|0.40%||$500||-||7-11 Month Deferred Compensation CD|
|0.35%||$500||-||3-5 Month CD|
|0.35%||$500||-||3-5 Month Deferred Compensation CD|
|1.75%||$500||-||60 Month IRA (Traditional,Roth,CESA)|
|1.40%||$500||-||48-59 Month IRA (Traditional,Roth,CESA)|
|0.90%||$500||-||36-47 Month IRA (Traditional,Roth,CESA)|
|0.60%||$500||-||24-35 Month IRA (Traditional,Roth,CESA)|
|0.45%||$500||-||12-23 Month IRA (Traditional,Roth,CESA)|
|0.40%||$500||-||6 Month IRA (Traditional,Roth,CESA)|
|0.40%||$500||-||7-11 Month IRA (Traditional,Roth,CESA)|
|0.35%||$500||-||3-5 Month IRA (Traditional,Roth,CESA)|
|Team One Credit Union Locations|
|Branch Office||625 S SANDUSKY RD||SANDUSKY, MI 48471|
|Branch Office||8450 GRATIOT RD||SAGINAW, MI 48609|
|Branch Office||3801 WILDER RD STE 4||BAY CITY, MI 48706|
|Branch Office||520 HAYDEN ST||SAGINAW, MI 48607|
|Branch Office||1130 CLEAVER RD||CARO, MI 48723|
|Branch Office||499 BRICK ST||BAD AXE, MI 48413|
|Branch Office||4075 McCARTY RD||SAGINAW, MI 48603|