Why Choose a Credit Union Instead of a Bank?
Credit unions are not-for-profit financial cooperatives that focus on the financial well-being of their members rather than generating profits for shareholders. That difference can have real financial benefits for members, including lower loan rates, higher savings yields, and fewer or lower fees.
Choose Team One?
Choosing where to manage your money is an important decision. Beyond rates and account features, it’s about finding a financial partner that understands your needs and helps you achieve your financial dreams.
Team One Credit Union has been serving members since 1935, when 15 teachers formed the Saginaw Teachers Club Credit Union. Today, we serve Michigan families and businesses with banking, lending, and digital financial services.
As a Team One Credit Union Member, you can enjoy benefits such as:
- Member-focused service: We believe financial services should be about more than transactions. Our team takes the time to understand your needs, answer questions, and help you explore solutions that fit your financial goals.
- Competitive rates: We offer a variety of lending and savings options designed to help you manage your money and plan for the future.
- Fewer or lower fees: As a not-for-profit financial cooperative, Team One focuses on delivering value to our Members through competitive products, services, and account options.
- Financial guidance for all of life’s stages: From establishing credit and purchasing your first home to preparing for retirement, Team One offers financial solutions and one-on-one guidance to help you make informed decisions.
- A voice in your credit union: You’re more than an account holder. You’re part of a financial cooperative where Members have a voice in the organization’s direction.
Who Can Join Team One?
If you live, work, worship, or attend school anywhere in Michigan or in Lee or Collier County, Florida, you're eligible to join. Immediate family members of existing Team One Members are also eligible, regardless of where they live.
Getting started is simple. All you need is a valid ID and a $5 deposit to open a savings account, with a minimum balance of $5 to maintain your membership.
Here for the Everyday and the Milestones
Wherever your financial journey takes you, Team One is here to help. Need to check your balance, transfer money, or block a lost or stolen card? With Online and Mobile Banking, you can take care of everyday financial tasks right from your computer or mobile device, whether you're at home or on the go.
And when life's bigger financial decisions arise, we're here for those, too. Our mortgage specialists can help you explore home financing options, while our free Financial Empowerment Program connects Members with certified credit union financial counselors for one-on-one guidance on budgeting, managing debt, building savings, and more.
Rooted in Our Communities
For more than 90 years, Team One has been proud to serve Michigan families, businesses, and communities. Our dedication to providing exceptional financial services has earned us recognition as one of America's Best Regional Credit Unions by Newsweek and Plant-A Insights Group for three consecutive years.
We're also proud to hold the Juntos Avanzamos designation from Inclusiv, recognizing our commitment to serving and empowering Hispanic and Latino communities. This reflects our ongoing efforts to make financial services more accessible and deliver meaningful value to the Members and communities we serve.