History | Team One Credit Union (2024)

Team One History

Team One Credit Union was organized by a group of 15 teachers in 1935. At its inception, it was known as the Saginaw Teachers Club Credit Union. In the early years, the credit union was maintained at Saginaw High School in the physics classroom of teacher and credit union treasurer Mr. Poulson. In 1957, Dean Ruple and his wife, Lois, ran the credit union from their front porch, and new teachers to the area were often given loans for clothes and apartments. It was also common for Dean Ruple to give teachers the money to open membership accounts.

In 1967, the Saginaw Main Office opened and the first credit union employee, Don Pilon, was hired. He eventually became the first CEO of Team One Credit Union. Upon Don’s retirement, Konnie Werner was named President/CEO. At the time of Konnie Werner’s retirement, the Board of Directors named Gerald Hutto as her replacement.

At the end of 2022, the Team One Credit Union Board of Directors announced the appointment of Derrick Barber as the credit union’s new President/CEO. Mr. Barber succeeds Mr. Hutto, who retired after serving as President/CEO for 12 years.

Since the credit union was established, it has seen tremendous growth in assets, loans, and branch facilities, as well as new services and technologies which serve its Members. For its almost 90 years, Team One Credit Union has been able to accomplish substantial growth with the help of its dedicated Board of Directors and caring Staff, who have contributed their time and effort to the success and future of the institution and its Members.

History of Our Branches

Team One Credit Union has undergone several name changes since it opened its doors: In 1955, it became Saginaw Education Association Credit Union. On March 6, 1972, the Board of Directors approved the name change to Education Employees Credit Union. Finally, in 1993, the name was changed to Team One Credit Union, which was selected because it better described the growing field of Membership and Select Employee Groups.

In 2013, its field of membership was increased to include 63 Michigan counties including Bay, Huron, Saginaw, Tuscola, Sanilac, Shiawassee, Genesee, Lapeer, St. Clair, Mason, Lake, Osceola, Clare, Gladwin, Arenac, Oceana, Newaygo, Mecosta, Isabella, Midland, Muskegon, Montcalm, Gratiot, Ottawa, Kent, Ionia, Clinton, Emmet, Cheboygan, Presque Isle, Charlevoix, Leelanau, Antrim, Otsego, Montmorency, Alpena, Benzie, Grand Traverse, Kalkaska, Crawford, Oscoda, Alcona, Manistee, Wexford, Missaukee, Roscommon, Ogemaw, Iosco, Keweenaw, Ontonagon, Houghton, Baraga, Gogebic, Iron, Marquette, Alger, Dickinson, Menominee, Delta, Schoolcraft, Luce, Chippewa and Mackinac.

After the Owosso Columbus Credit Union merger, Team One membership eligibility increased with the addition of Ingham and Livingston counties to 65 Michigan counties.

As of now, Team One Credit Union service is available to residents in ALL Michigan counties, and is proud to serve Michigan families and businesses with the financial services they need!

History | Team One Credit Union (2024)

FAQs

Who is the CEO of Team One Credit Union? ›

At the end of 2022, the Team One Credit Union Board of Directors announced the appointment of Derrick Barber as the credit union's new President/CEO.

How do I reset my team one credit union password? ›

What happens if I forget my Password? After your initial login to the new Online Banking system, you can use the Forgot Password tool found after entering your username and selecting the login box. A temporary password will be sent to your authenticated devices or email. Then you will be able to select a new password.

What is the routing number for Team One Credit Union near Sandusky Michigan? ›

All you need to get started is to provide your payroll provider with Team One's routing/transit number (272484470) and your appropriate TOCU account number.

What are two characteristics of a credit union 1? ›

Characteristics of credit unions include:
  • Credit unions are not-for-profit. They operate on the basis of helping members.
  • Owned and managed by members who belong to a common institution.

Who is the CEO of credit union One? ›

Credit Union 1's Post

CU1 President and CEO Todd Gunderson joins WGN's Daytime Chicago tomorrow to talk about Financial Literacy Month and CU1's community initiatives.

Who is the CEO of all in credit union? ›

Bobby Michael is the President and CEO at All In Credit Union.

Can credit unions lock your account? ›

Of course, the bank can do it if they suspect there is some kind of fraud or illegal activity going on with the account. They are also allowed to do it to seize funds to pay themselves on loans, etc. They are allowed to do it in response to a court order, of course.

How do I recover my team password? ›

Enter your registered Team App e-mail. Click the 'Forgot your password?' link. Check e-mail for temporary passcode and enter code to access.

How do I reset my credit one password? ›

If you forgot your password, follow these steps:

Visit Forgot Password? You can also select the Forgot Password? link on the sign-in page.

Is the routing number the same for all accounts at one bank? ›

If you hold two accounts at the same bank, the routing numbers will, in most cases, be the same, but your account numbers will be different. Anyone can locate a bank's routing number, but your account number is unique to you, so it is important to guard it, just as you would your Social Security number or PIN code.

How do I find my account number on Credit Union 1 app? ›

Credit Union 1's routing number is 271188081. Find your account numbers by logging in to Digital Banking and tapping on each account on your home page. You can also find your account numbers on your monthly and quarterly statements.

How do I find my routing number on my credit one card? ›

Your Credit One Platinum card does not have a routing number. In fact, no credit card does. Routing numbers are basically a bank's electronic address and are used for sending and receiving funds between deposit and investment accounts.

Why do banks not like credit unions? ›

First, bankers believe it is unfair that credit unions are exempt from federal taxation while the taxes that banks pay represent a significant fraction of their earnings—33 percent last year. Second, bankers believe that credit unions have been allowed to expand far beyond their original purpose.

Are credit unions safer than banks? ›

Generally, credit unions are viewed as safer than banks, although deposits at both types of financial institutions are usually insured at the same dollar amounts. The FDIC insures deposits at most banks, and the NCUA insures deposits at most credit unions.

What's the best credit union to belong to? ›

  • Alliant Credit Union. Best for APY across accounts. ...
  • Connexus Credit Union. Best for no monthly maintenance fees. ...
  • First Tech Federal Credit Union. Best for customer experience. ...
  • BECU. Best for kids savings accounts. ...
  • Consumers Credit Union. ...
  • America First Credit Union. ...
  • PenFed Credit Union. ...
  • Service Credit Union.
Jun 3, 2024

Who is the CEO of Union credit? ›

Dave Buerger - Union Credit | LinkedIn.

Who is the CEO of member one credit union? ›

Members 1st Credit Union is pleased to announce the selection of Caroline Redmann as the credit union's new President and Chief Executive Officer.

Who is the owner of Credit One Bank? ›

Benjamin W. Navarro (born 1962 or 1963) is an American billionaire businessman, the founder and chief executive officer (CEO) of Sherman Financial Group, LLC, which owns Credit One Bank.

Who is the CEO of Leader credit union? ›

“The Board of Directors is excited to announce John Meeker as our new President/CEO. John is an experienced credit union executive whose expertise, commitment, and passion have been critical factors in the success of our Credit Union,” said John Patterson, Chair of the Board of Directors.

References

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