Team One Credit Union
Team One Credit Union is a not-for-profit, NCUA-insured credit union founded in 1935, headquartered in Saginaw, Michigan, serving residents across all Michigan counties plus Lee and Collier counties in Florida through 11 branches and a digital banking platform spanning consumer deposits, consumer and business lending, insurance, and investment services.
- Company typePrivate
- Founded1935
- HeadquartersSaginaw, United States
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Team One Credit Union does
Team One Credit Union is a not-for-profit, member-owned credit union founded in 1935 in Saginaw, Michigan, originally as the Saginaw Teachers Club Credit Union by 15 teachers. It is federally insured by the NCUA and serves residents of all 83 Michigan counties plus Lee and Collier counties in Florida through 11 physical branches, a sales office in Bonita Springs, and a comprehensive digital banking stack including online banking, a mobile app (iOS and Android), live video banking, Interactive Teller Machines (ITMs), 24-hour audio banking, digital wallets (Apple Pay, Google Pay, Samsung Pay), and surcharge-free ATM access through the CO-OP network.
Its core product portfolio spans consumer deposit accounts (checking, savings, CDs, money market, HSAs, Coverdell), consumer lending (auto, mortgage, home equity loans and HELOCs, personal, RV/sport vehicles, student, Visa credit cards), business services (loans, merchant services, treasury management via Tru Treasury, invoicing through Autobooks), and value-added services (investment, trust, insurance through Team One Insurance Services and The Family Security Plan, the Financial Empowerment Program counseling, CU Travel, and foreign currency ordering). Loan origination runs through MeridianLink with DocuSign for e-signature; the credit union also participates in CUSOs such as CUSO Edge, CU WealthNext, Storyfi, Commercial Alliance, and Neighborhood Mortgage Solutions for capability extension.
The business model is a standard cooperative credit-union model: net interest income from the loan portfolio is the primary revenue driver, supplemented by deposit fees, Visa interchange, business services, and affiliate referral income from investment, trust, and insurance partners. Pricing on loan products includes mortgages from 6.160% APR, auto loans from 5.24% APR, personal loans from 10.74% APR, RV loans from 7.50% APR, and Visa credit cards from 8.9% APR; checking and digital banking are free. Growth is driven by membership expansion (Michigan plus Florida eligibility), community engagement (teacher grants, scholarships via the Saginaw Community Foundation, Community Impact Team volunteering), brand recognition (Newsweek Best Regional Credit Union three consecutive years 2024-2026, Juntos Avanzamos designation), and an active merger strategy (Sanilac County Teachers 2004, Elkton Area 2004, Owosso Columbus 2015, FM Financial 2016, and the announced CASE Credit Union merger expected January 2027). The institution is led by President/CEO Derrick Barber, appointed end of 2022.
Team One Credit Union firmographics
Firmographics- Name
- Team One Credit Union
- Legal name
- Team One Credit Union
- Website
- https://teamonecu.org
- Company type
- Private
- Founded year
- 1935
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Team One Credit Union is a not-for-profit, NCUA-insured credit union founded in 1935, headquartered in Saginaw, Michigan, serving residents across all Michigan counties plus Lee and Collier counties in Florida through 11 branches and a digital banking platform spanning consumer deposits, consumer and business lending, insurance, and investment services.
- Ownership category
- akta.pro rank
Team One Credit Union industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (522130)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
Keywords
Where Team One Credit Union is headquartered
LocationHeadquarters
- HQ city
- Saginaw
- HQ country
- United States
- HQ region
- North America
Offices11 records
Markets served
Team One Credit Union business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income from Lending: Team One Credit Union generates primary revenue through interest income on various loan products including auto loans, mortgages, home equity loans/lines of credit, personal loans, recreational vehicle loans, student loans, and credit cards. As a not-for-profit credit union, interest earned from members' loans is a core revenue stream that allows competitive rates for members.
- Deposit Account Fees and Services: Revenue from various deposit account services including checking accounts, savings accounts, money market accounts, certificates of deposit, and health savings accounts. Some account services may generate fee income.
- Credit Card Interchange: Transaction fees earned from Visa credit card transactions processed through the credit union's card network.
- Business Services Revenue: Income from business services including business loans, merchant services, treasury management, and invoicing & accounting services for business members.
- Investment and Insurance Services: Revenue sharing from affiliated partners providing investment services, trust services, and insurance products including auto, home, life, and supplemental medical insurance through Team One Insurance Services and The Family Security Plan.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Mortgage rates as low as 6.160% APR |
| Other | Monthly | Auto loan rates as low as 5.24% APR |
| Other | Monthly | Personal loan rates as low as 10.74% APR |
| Other | Monthly | Recreational vehicle loans as low as 7.50% APR |
| Other | Monthly | Credit card rates as low as 8.9% APR |
| Freemium | Monthly | Free checking and digital banking |
| Other | Pay-as-you-go | Foreign currency ordering service |
| Freemium | Annual | CU Travel membership fee waived |
Go-to-market motion2 records
Distribution channels8 records
Marketing channels7 records
Team One Credit Union product offering
Product offeringCore offering
Team One Credit Union is a member-owned, not-for-profit credit union offering consumer deposit products (checking, savings, money market, CDs, HSAs), consumer and business lending (auto, mortgage, home equity, personal, student, credit cards, business loans), and digital banking (online, mobile, video banking, ITMs, audio banking, digital wallets). It complements banking with insurance, investment, and trust services, business services such as merchant services and treasury management, plus community programs (financial counseling, teacher grants, scholarships). Members are served through 11 branches across Michigan, a Florida sales office, and digital channels supported by the CO-OP ATM network.
Product overview
Team One Credit Union is a full-service financial institution offering a comprehensive suite of banking products and services across consumer, business, and digital banking channels. The core product portfolio centers on deposit products (checking, savings, CDs, money market, HSAs) and lending (auto, mortgage, home equity, personal, student, and credit cards). Digital banking capabilities include Online Banking, Mobile Banking (iOS/Android), Video Banking, ITM Banking, Audio Banking, Digital Wallets (Apple Pay, Google Pay, Samsung Pay), eSign, and eAlerts. Business services encompass loans, merchant services, treasury management, and invoicing through Autobooks integration. Value-added services include investment services, trust services, insurance, fraud protection, Financial Empowerment Program counseling, travel services (CU Travel), and community programs (scholarships, teacher grants). The organization serves Michigan and Florida residents through multiple branch locations and digital channels, with strategic partnerships providing specialized services like commercial lending, mortgage sales, and technology consulting.
Differentiator
Problem solved
Functional benefit
Brands
- Team One Insurance Services: A wholly owned subsidiary of Team One Credit Union offering Members coverage on home, auto, RV, or renters insurance with special discount savings. Compares rates at over 50 different carriers.
- Financial Empowerment Program (FEP)
- Greenlight
Products and services
- Checking Accounts Personal checking accounts offering free digital banking, debit cards, and multiple ways to manage money for individual members.
- Savings Accounts Personal savings accounts with competitive rates designed to help members build emergency funds and achieve savings goals.
- Certificate of Deposit Time deposits offering fixed rates for specified terms to help members grow savings securely.
- Money Market Savings account with competitive rates that offers check-writing privileges and tiered interest rates based on balance.
- Health Savings Accounts Tax-advantaged accounts for individuals with high-deductible health plans to save for qualified medical expenses.
- Coverdell Education Savings Account Tax-advantaged savings account for educational expenses (formerly known as Education IRA), offered to members for education funding.
- Save to Win Savings program combining earnings with chances to win prizes based on deposit amounts, targeted at adult members.
- Save to Win: Youth Edition Youth savings program encouraging healthy money habits while offering chances to win prizes.
- Auto Loans Vehicle financing for new and used automobiles with competitive rates and flexible terms, available to consumer members.
- Mortgages Home purchase financing including conventional, FHA, USDA-Rural Development loans, and specialty mortgage programs for education employees and first-time homebuyers.
- Home Equity Loans Fixed-rate loans allowing members to borrow against accumulated home equity for major expenses or debt consolidation.
- Home Equity Lines of Credit (HELOC) Revolving credit lines secured by home equity with flexible access to funds and variable rates.
- Personal Loans Unsecured loans for various personal needs including debt consolidation, home improvements, and unexpected expenses.
- Fast Cash Short-term loan product providing quick access to funds for emergency situations.
- Sport Vehicle Loans Financing for sport vehicles including boats, motorcycles, and other recreational sporting equipment.
- Recreational Vehicle Loans Financing for RVs, campers, and other recreational vehicles with competitive rates and flexible terms.
- Student Loans Education financing for members or their family members attending college or trade schools.
- Visa Credit Cards Credit card products including low-rate, cash back, rewards, and credit-building options with no balance transfer fees during promotional periods.
- Greenlight Debit Card Free debit card for kids and teens provided by Team One to teach financial literacy, earning, saving, and spending skills.
- Business Services Comprehensive financial services for businesses including deposit accounts, payment processing, and business advisory.
- Business Credit Cards Credit card products designed for business spending with tools for expense management.
- Business Loans Commercial lending solutions including lines of credit, term loans, and equipment financing for Michigan businesses.
- Merchant Services Payment processing solutions enabling businesses to accept credit cards and electronic payments.
- Treasury Management Cash management and treasury solutions for businesses, delivered through the Tru Treasury partnership.
- Online Banking Free internet-based banking platform allowing members to monitor accounts, transfer funds, pay bills, view statements, and manage finances from any computer.
- Mobile Banking Smartphone application providing account access, mobile deposits, transfers, bill pay, and account alerts on iOS and Android platforms.
- Video Banking Live video banking service allowing members to conduct face-to-face transactions with member service representatives from home or on the go during branch hours.
- ITM Banking Interactive Teller Machine banking combining ATM functionality with live video support from member service representatives during extended hours.
- Audio Banking 24-hour telephone banking service for account inquiries, transfers, card services, and payments using voice prompts.
- Digital Wallet Mobile payment integration supporting Apple Pay, Google Pay, and Samsung Pay for secure in-store and online purchases.
- Financial Empowerment Program Free one-on-one financial counseling from Certified Credit Union Financial Counselors (CCUFC) offering personalized guidance on budgeting, savings, credit improvement, and debt management.
- Insurance Services Insurance products through Team One Insurance Services and The Family Security Plan including home, auto, RV, renters, life, disability, critical illness, and accident insurance.
- Investment Services Wealth management and investment advisory services including retirement planning, portfolio management, and financial planning through licensed advisors.
- Trust Services Trust and estate planning services to help members protect and transfer wealth to future generations.
- CU Travel Travel booking platform through Credit Union Travel providing access to 1.2 million hotels with member-only rates plus flights, car rentals, and cruises.
- Foreign Currency Foreign currency ordering service allowing members to purchase international currencies online.
- Membership Account Credit union membership with $5 minimum deposit, available to Michigan residents, Lee/Collier County Florida residents, and family members of current members.
Quantifiable outcome
- Named one of America's Best Regional Credit Unions by Newsweek and Plant-A Insights Group - selected from 8,800+ institutions based on 66,000+ consumer reviews
- +2 more outcomes
Companies that use Team One Credit Union
Customer profileSegments4 records
Ideal customer profiles4 records
Team One Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration20 records
Feature5 records
Team One Credit Union partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered flagship, core and minor.
- CASE Credit UnionflagshipStrategic partnership and planned merger with CASE Credit Union (founded 1936 to serve Lansing-area educators). The partnership combines two Michigan-based credit unions with over 90 years of history each, expected to be effective January 2027 pending regulatory approval. Integration will occur in phases with focus on expanding capabilities, investing in technology, and strengthening member service.
- CO-OP ATM NetworkcorePartnership providing Team One members access to tens of thousands of surcharge-free ATMs across the United States and Canada. Supports the credit union's mission to deliver member-focused financial solutions while reducing member costs.
- ServiStar ConsultingminorCredit Union Service Organization (CUSO) providing member-centric coaching, training, and hiring best practices for credit unions. Offers personalized consulting based on each credit union's unique model.
- Comply-Yes!minorCompliance outsourcing and services provider for credit unions and community banks. Offers solution-driven, relationship-focused compliance management allowing financial institutions to focus on serving members.
- Commercial AlliancecoreCUSO providing turnkey commercial lending services for credit unions to succeed with Member Business Lending (MBL). Manages entire lending process including underwriting, documentation, servicing, and loan administration, plus training for regulatory compliance.
- Neighborhood Mortgage SolutionscoreCUSO helping credit unions offer competitive mortgage products with competitive interest rates and low closing costs. Credit unions earn income from loan sale and servicing. Approved seller/servicer with Fannie Mae, USDA-Rural Development, and Freddie Mac.
- Strategic Technology AdvisorsminorProvides strategic technology consulting, information security guidance, and compliance support for credit unions including Virtual CISO/CIO support, IT General Controls audits, GLBA compliance programs, ransomware readiness planning, and security assessments.
- Tru TreasuryminorPartnership providing treasury solutions and operational support to help credit unions and community banks manage business cash more efficiently. Powers community financial institutions to grow market share in commercial banking sector.
- Strategic Income SolutionsminorCUSO providing checking, vehicle, mortgage, collection, and health solutions for credit unions and banks. Helps guide institutions toward profitability through innovative products that acquire customers, mitigate risk, and increase revenue.
- CUSO EdgecoreFounded by several Michigan-based credit unions including Team One. Helps financial institutions strengthen governance, enhance investment strategy, improve operational performance, and support long-term growth through collaborative advisory services and strategic partnerships.
- CU WealthNextminorCredit-union-owned wealth technology and investment ecosystem headquartered in Frankenmuth, Michigan. Focuses on helping credit unions compete in digital financial services through fintech partnerships and member wealth-building solutions in embedded investing, financial wellness, and estate planning.
- StoryfiminorCredit-union-owned media and storytelling company established as collaborative CUSO by Midwest credit unions including Team One. Delivers professional video production, live event streaming, media planning, campaign strategy, and content solutions for financial institutions.
- CU TravelminorPartnership bringing Team One members access to world's only travel platform for credit union members with savings on hotels, flights, car rentals, and cruises. $99/year membership fee waived for Team One members.
- The Family Security PlanminorSupplemental insurance partner providing members access to whole life, term life, disability income, critical illness, accident, and hospital sickness insurance through relationship development specialists.
- Saginaw Community FoundationminorPartnership for scholarship distribution. Team One scholarships for graduating high school seniors administered through the foundation's online application system.
Scale indicators8 records
Recent moves16 records
Expansion highlights5 records
Team One Credit Union competitors and assessment
Company assessmentBroad incumbents
- BECU: One of the largest US credit unions, originally Boeing-affiliated, now community-chartered. Comparable as a member-owned institution with a similarly broad consumer product suite, though at significantly larger scale.
- Chase Bank: National incumbent with extensive Michigan branch presence and a full consumer/business product set. Relevant competitive reference for the deposit, mortgage, and credit card markets where Team One competes.
Direct peers
- SchoolsFirst Federal Credit Union: Large California credit union founded to serve educators, with a member model similar to Team One's teacher origins. Comparable on member base, community-program focus, and breadth of personal finance products.
- Consumers Credit Union: Michigan-based credit union offering consumer and business banking, mortgages, and digital-first services. Comparable in size, geographic focus, and product mix to Team One.
- Lake Michigan Credit Union: Largest credit union in Michigan with statewide membership and a similar full-service product suite including mortgages, auto loans, and business banking. Directly comparable on geography, product breadth, and member-owned structure.
- DFCU Financial: Michigan-headquartered credit union with branches across the state, similar community-banking positioning, and a comparable set of consumer, mortgage, and business products.
- Michigan State University Federal Credit Union: Michigan-based, originally education-affiliated credit union (similar heritage to Team One's teacher origins) now offering community-wide membership. Comparable on member base, digital banking investment, and product suite.
- CASE Credit Union: Lansing-area Michigan credit union founded in 1936 to serve educators, in a planned merger with Team One effective January 2027. Direct peer given near-identical age, educator heritage, and Michigan operating footprint.
Regional players
- GreenStone Farm Credit Services: Michigan-headquartered Farm Credit cooperative serving agricultural borrowers across the state and surrounding region. Comparable as a Michigan-based member-owned cooperative financial institution, though focused on agricultural lending.
- Royal Credit Union: Wisconsin-based credit union with a similar community-focused, member-owned model and full-service consumer/business banking offering. Comparable in size, structure, and regional orientation.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Team One Credit Union social profiles
Digital presenceTeam One Credit Union compliance and trust
Trust signalCompliance4 records
Team One Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Team One Credit Union leadership team
Management profileNumber of profiles
Profiles1 record
Team One Credit Union subsidiaries and ownership
Company hierarchySubsidiaries1 record
Team One Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Team One Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Team One Credit Union
What does Team One Credit Union do?
Team One Credit Union is a member-owned, not-for-profit credit union offering consumer deposit products (checking, savings, money market, CDs, HSAs), consumer and business lending (auto, mortgage, home equity, personal, student, credit cards, business loans), and digital banking (online, mobile, video banking, ITMs, audio banking, digital wallets). It complements banking with insurance, investment, and trust services, business services such as merchant services and treasury management, plus community programs (financial counseling, teacher grants, scholarships). Members are served through 11 branches across Michigan, a Florida sales office, and digital channels supported by the CO-OP ATM network.
Is Team One Credit Union a public or private company?
Team One Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Team One Credit Union founded?
Team One Credit Union was founded in 1935. It employs 51 to 100 people.
Where is Team One Credit Union based?
Team One Credit Union is headquartered in Saginaw, United States, in the North America region.
How does Team One Credit Union make money?
Five revenue lines are on record. Interest Income from Lending is the primary driver. The others are deposit Account Fees and Services, credit Card Interchange, business Services Revenue and investment and Insurance Services.
Who are Team One Credit Union's main competitors?
Broad incumbents on record are BECU and Chase Bank. Direct peers are SchoolsFirst Federal Credit Union, Consumers Credit Union, Lake Michigan Credit Union, DFCU Financial, Michigan State University Federal Credit Union and CASE Credit Union. Regional players are GreenStone Farm Credit Services and Royal Credit Union.
Does Team One Credit Union have an API?
No public API is recorded for Team One Credit Union.
What industry is Team One Credit Union in?
Team One Credit Union's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus). Its NAICS code is 522130 and its SIC code is 6035.