TEAM ONE CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1935

Legal Domicile

Principal Officer

DERRICK BARBER

Phone

9897546575

Tax Period

2024-01-01 to 2024-12-31

TEAM ONE CREDIT UNION, founded in 1935, is a mid-sized nonprofit that reported $44.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $41.5M left a modest 6% surplus.

Mission

EMPOWERING FINANCIAL DREAMS ANYWHERE - FOR ALL.

Program Service Accomplishments

Program 1

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.

Program 2

PROVIDE 31,480 LOANS INCLUDING VEHICLE, OVERDRAFT PROTECTION, MORTGAGE, HOME EQUITY, SIGNATURE, CREDIT CARD, STUDENT, AND RECREATIONAL VEHICLE.

Program 3

OFFER AUTOMATED TELLER MACHINES, DEBIT CARDS, WIRE TRANSFERS, MONEY ORDERS, BILL PAYMENT, OVERDRAFT PROTECTION/COURTESY PAY AND VARIOUS INSURANCE AND INVESTMENT PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,751,936

Investment Income $5,561,498

Other Revenue $0

TOTAL REVENUE $44,313,434

Expense Breakdown

Grants Paid $19,000

Salaries & Benefits $14,653,024

Fundraising Expenses $0

Other Expenses $26,821,470

TOTAL EXPENSES $41,493,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,313,434	$38,190,511	+0.2%
Expenses	$41,493,494	$37,347,733	+0.1%
Net Income	$2,819,940	$842,778	+2.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

211

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,013,130

Total Directors

Key Employees

$962,443

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA SANCHEZ	CHAIRPERSON	1.00	Director	$0	$0	$0
TIMOTHY FRITZ	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
PETER TYSON	SECRETARY	1.00	Director	$0	$0	$0
CARL HAWKINS	TREASURER	1.00	Director	$0	$0	$0
PATRICK O'TOOLE	DIRECTOR	1.00	Director	$0	$0	$0
JAN TOLLEY	DIRECTOR	1.00	Director	$0	$0	$0
JAN ELBING	DIRECTOR	1.00	Director	$0	$0	$0
THERON WIGGIS	DIRECTOR	1.00	Director	$0	$0	$0
JIM FINKBEINER	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK BARBER	PRESIDENT	40.00	Officer	$478,397	$50,505	$528,902
ANNE ARRAND	CHIEF OPERATING OFFICER	40.00	Officer	$207,083	$39,945	$247,028
REBECCA GERZSENY	CFO	40.00	Officer	$145,029	$7,340	$152,369
VICTORIA BRYNOLF	CFO	40.00	Officer	$72,042	$12,789	$84,831
DANA TELL	VICE PRESIDENT	40.00	Key Emp	$290,771	$52,350	$343,121
NANCY DAVIS	CHIEF LENDING OFFICER	40.00	Key Emp	$160,204	$45,559	$205,763
TIMOTHY FERRIO	CHIEF EXPERIENCE OFFICER	40.00	Key Emp	$160,524	$51,114	$211,638
ALEKSANDER GORGIOSKI	CHIEF INFORMATION OFFICER	40.00	Key Emp	$185,198	$16,723	$201,921
JOHN HYATT	SENIOR COMMERCIAL LENDER	40.00	Highest	$223,877	$6,778	$230,655
TAYLOR MURRAY	CEO OF SERVISTAR	0.00	Highest	$0	$39,513	$319,646
MICHAEL NEILL	CLO OF SERVISTAR	0.00	Highest	$0	$21,888	$248,411
KARL BORQUIST	CEO OF CU COMPLIANCE CUSO, LLC	0.00	Highest	$0	$24,721	$233,386
SCOTT ALBRECHT	VP LEARNING DEVELOP. OF SERVISTAR	0.00	Highest	$0	$22,300	$170,932

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$44,313,434	$41,493,494	$750,653,356	$2,819,940
2023	$38,190,511	$37,347,733	$740,519,118	$842,778
2022	$30,548,902	$32,482,047	$750,657,542	$-1,933,145
2021	$32,112,685	$30,614,582	$741,365,810	$1,498,103
2020	$34,733,576	$31,676,733	$677,563,973	$3,056,843
2019	$32,680,328	$30,638,642	$569,349,136	$2,041,686
2018	$29,757,822	$26,446,260	$518,805,153	$3,311,562