Nonprofit · EIN 38-6066199
CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
Also known as 93 TEAM ONE CREDIT UNION
Tax-exempt · SAGINAW, MI 48607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $44,313,434 | $41,493,494 | $2,819,940 | $750,653,356 | $682,291,630 | $68,361,726 |
| December 31, 2023 | 990 | $38,190,511 | $37,347,733 | $842,778 | $740,519,118 | $678,444,171 | $62,074,947 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $38,751,936
- Investment income
- $5,561,498
- Net gain from sales of assets
- $710,385
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $19,000
- Compensation of officers, directors and key employees
- $1,975,573
- Other salaries and wages
- $9,329,700
- Salaries, compensation and benefits (total)
- $14,653,024
- Professional fundraising fees
- $0
- Legal fees
- $54,122
- Accounting fees
- $65,539
- Occupancy
- $1,325,285
- Travel
- $101,586
- Depreciation
- $1,833,757
Balance sheet and other
- Total assets, start of year
- $740,519,118
- Total assets, end of year
- $750,653,356
- Total liabilities, end of year
- $682,291,630
- Net assets, end of year
- $68,361,726
- Land, buildings and equipment
- $18,954,286
- Gross unrelated business income
- $356,206
- Gross receipts
- $54,519,452
- Employees
- 211
- Volunteers
- 11
- Year formed
- 1935
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DERRICK BARBER | PRESIDENT Officer | 40 | $478,397 | $0 | $50,505 |
| DANA TELL | VICE PRESIDENT Key employee | 40 | $290,771 | $0 | $52,350 |
| TAYLOR MURRAY | CEO OF SERVISTAR Highest-paid employee | 0 | $0 | $280,133 | $39,513 |
| MICHAEL NEILL | CLO OF SERVISTAR Highest-paid employee | 0 | $0 | $226,523 | $21,888 |
| ANNE ARRAND | CHIEF OPERATING OFFICER Officer | 40 | $207,083 | $0 | $39,945 |
| KARL BORQUIST | CEO OF CU COMPLIANCE CUSO, LLC Highest-paid employee | 0 | $0 | $208,665 | $24,721 |
| JOHN HYATT | SENIOR COMMERCIAL LENDER Highest-paid employee | 40 | $223,877 | $0 | $6,778 |
| TIMOTHY FERRIO | CHIEF EXPERIENCE OFFICER Key employee | 40 | $160,524 | $0 | $51,114 |
| NANCY DAVIS | CHIEF LENDING OFFICER Key employee | 40 | $160,204 | $0 | $45,559 |
| ALEKSANDER GORGIOSKI | CHIEF INFORMATION OFFICER Key employee | 40 | $185,198 | $0 | $16,723 |
| SCOTT ALBRECHT | VP LEARNING DEVELOP. OF SERVISTAR Highest-paid employee | 0 | $0 | $148,632 | $22,300 |
| REBECCA GERZSENY | CFO Officer | 40 | $145,029 | $0 | $7,340 |
| VICTORIA BRYNOLF | CFO Officer | 40 | $72,042 | $0 | $12,789 |
| REBECCA SANCHEZ | CHAIRPERSON Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY FRITZ | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER TYSON | SECRETARY Trustee or director | 1 | $0 |
| CARL HAWKINS | TREASURER Trustee or director | 1 | $0 |
| PATRICK O'TOOLE | DIRECTOR Trustee or director | 1 | $0 |
| JAN TOLLEY | DIRECTOR Trustee or director | 1 | $0 |
| JAN ELBING | DIRECTOR Trustee or director | 1 | $0 |
| THERON WIGGIS | DIRECTOR Trustee or director | 1 | $0 |
| JIM FINKBEINER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DERRICK BARBER | PRESIDENT Officer | 40 | $381,266 | $0 | $24,257 |
| JOHN HYATT | COMMERCIAL LENDING OFFICER Highest-paid employee | 40 | $290,459 | $0 | $7,078 |
| TAYLOR MURRAY | CEO OF SERVISTAR Highest-paid employee | 1 | $0 | $272,900 | $19,605 |
| ANNE ARRAND | EXECUTIVE VP Officer | 40 | $232,078 | $0 | $22,714 |
| DANA TELL | CHIEF STRATEGY OFFICER Key employee | 40 | $179,835 | $0 | $38,820 |
| MICHAEL NEILL | CLO OF SERVISTAR Highest-paid employee | 1 | $0 | $207,815 | $2,928 |
| TIMOTHY FERRIO | CHIEF TECHNOLOGY OFFICER Key employee | 40 | $150,043 | $0 | $49,579 |
| NANCY DAVIS | VP OF LENDING Highest-paid employee | 40 | $144,429 | $0 | $43,103 |
| REBECCA GERZSENY | CFO Officer | 40 | $149,713 | $0 | $25,616 |
| SCOTT ALBRECHT | VP OF LEARNING & DEVELOPMENT Highest-paid employee | 40 | $128,277 | $0 | $10,045 |
| REBECCA SANCHEZ | CHAIRPERSON Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY FRITZ | VICE CHAIRPERSON Trustee or director | 1 | $0 | $0 | $0 |
| PETER TYSON | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| CARL HAWKINS | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| PATRICK O'TOOLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAN TOLLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAN ELBING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THERON WIGGIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM FINKBEINER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD POWELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 520 HAYDEN ST, SAGINAW, MI 48607-1121
- Mailing address (990-N for 2010)
- 3090 arbutus dr, Saginaw MI 48603
- Principal officer (990 for 2024)
- DERRICK BARBER, 520 HAYDEN ST PO BOX 1260, SAGINAW, MI 48606
- Principal officer (990-N for 2010)
- Buena Vista Education Association, 705 N Towerline, Saginaw MI 48602
- Signed the 990
- VICTORIA D BRYNOLF, CFO
- Phone
- (989) 754-6575
- Website
- WWW.TEAMONECU.ORG
- Return prepared by
- DOEREN MAYHEW
Mission
EMPOWERING FINANCIAL DREAMS ANYWHERE - FOR ALL.
Program accomplishments
- PROVIDE 48,340 MEMBERS WITH REGULAR SAVINGS, SHARE DRAFTS, CERTIFICATES OF DEPOSITS, IRA AND MONEY MARKET ACCOUNTS APPROXIMATING $675,322,000 AS OF DECEMBER 31, 2024.
- PROVIDE 31,480 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-6066199
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1359: CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- Assets (IRS master file)
- $750,653,356
- Income (IRS master file)
- $54,519,452
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $44,313,434 | $41,493,494 | $750,653,356 | XML |
| 990 | December 2023 | $38,190,511 | $37,347,733 | $740,519,118 | XML |
| 990 | December 2022 | $30,548,902 | $32,482,047 | $750,657,542 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: Buena Vista Education Association | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-6066199).
Questions about CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN
- What is the EIN of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The employer identification number (EIN) of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN is 38-6066199.
- Is CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
- Are donations to CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2024 names DERRICK BARBER.
- Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN?
- The 990 for the year ended December 31, 2024 lists 22 people; 9 received compensation from the organization, the highest $478,397 (DERRICK BARBER, PRESIDENT).
- How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF MICHIGAN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $44,313,434, expenses of $41,493,494 and total assets of $750,653,356 at year end.
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- SAGINAW COOPERATIVE HOSPITALS INC EIN 38-1870664 · last filed 990 for 2025
- LUTHERAN HOMES OF MICHIGAN INC EIN 38-1358410 · last filed 990 for 2024
- LUTHERAN CHILD & FAMILY SERVICE OF MICHIGAN EIN 38-1359524 · last filed 990 for 2024
- A & D CHARITABLE FOUNDATION INC EIN 38-3428303 · last filed 990 for 2025
- VISITING NURSE ASSOCIATION OF SAGINAW EIN 45-4929618 · last filed 990 for 2025