Credit Union ONE has been recognized by the U.S Small Business Administration (SBA) Michigan District Office for their outstanding efforts during the Fiscal Year 2022 with the award of Credit Union Lender of the Year held at the Federal Reserve Bank in Detroit.

Award criteria for Credit Union Lender of the Year include best overall performance and active participation. Lender must rank highly based on loan volume (number of loans), loan amount, and year to year comparison in the case of a tiebreaker. The award also recognizes lenders who help provide capital to Michigan small businesses in urban and rural areas, especially for women and owners from historically disadvantaged communities. In 2022, Credit Union ONE funded $6.1 million in SBA loans.

“Since joining CUONE in June 2019 it has the commercial lending team’s goal to be recognized as source of economic growth for small businesses in Michigan.  Being the 2022 Credit Union SBA Lender of the Year accomplishes that goal and recognizes CUONE as leader in small business lending in Michigan” states Steve Terhaar, VP of SBA Lending at Credit Union ONE. Steve Terhaar is pictured above accepting the award from Geraldine Sanchez Aglipay, SBA Region V Administrator (left) and Laketa Henderson, SBA Michigan District Director (right).  

“During FY 22, the SBA helped Michigan entrepreneurs’ access over $981 million through our traditional7(a) and 504 loan programs,” SBA Michigan District Director Laketa Henderson added. “We couldn’t have achieved these record numbers and get more capital into the hands of Michigan small business owners without the hard work and dedication of our SBA lending partners…”.              
                         
Credit Union ONE is committed to helping Michigan's small businesses thrive through partnerships with the SBA. Those interested in applying for an SBA loan can lean on Credit Union ONE and their experienced commercial lenders to guide them through the process. To learn how Credit Union ONE can help support your business, reach out to:
Brenda Allen
SBA Loan Coordinator
Brenda_Allen@cuone.org
Office – (248) 584-5269
Direct – (248) 658-8202
 
About Credit Union ONE
Started in 1937, Credit Union ONE is a not-for-profit, member-owned financial institution dedicated to providing exceptional Member value across a complete portfolio of affordable and convenient financial products and services. Credit Union ONE’s tradition of high quality is based on the principle of “People Helping People,” and this is also reflected in a commitment to community involvement and giving back.
 

A big congratulations to Credit Union ONE Member Debbie Moy, who won $5,000 in the PSCU 2022 Give Back Sweepstakes. From July to October of 2022, Credit Union ONE cardholders who used their credit or debit cards four times a week were automatically entered into the sweepstakes. Credit and debit payment processing company, PSCU (Payments Systems for Credit Unions), hosted the sweepstakes. From all participating credit unions, five eligible cardholders were randomly selected to win the prize each month. As part of the October draw, ten credit unions won $10,000 to donate to charities of their choice. It is the second consecutive year that a member of Credit Union ONE has won. Sharon Kiel-Johnson was the last winner at the Berkley branch in 2021.
 
The check was presented at the Sterling Heights location by Branch Manager Gabriel Lindow, pictured on the left, and winner Debbie Moy, pictured on the right. The smiling Mrs. Moy explained, "Sterling Heights has been my home branch since I was 17. The one thing I love most about Credit Union ONE is the convenience of its locations. I am very grateful for this opportunity."
 
About Credit Union ONE
Started in 1937, Credit Union ONE is a not-for-profit, member-owned financial institution dedicated to providing exceptional Member value across a complete portfolio of affordable and convenient financial products and services. Credit Union ONE’s tradition of high quality is based on the principle of “People Helping People,” and this is also reflected in a commitment to community involvement and giving back.
 

After 31 years at the helm of Credit Union ONE’s IT Department, CIO Dave Breuer retired in December of 2022. Breuer started as the Vice President of an IT subsidiary of Credit Union ONE called Data Tech. Together with his employees, he managed 30 other credit unions. The company was eventually sold, and the IT department focused solely on Credit Union ONE. During his time at the credit union, Dave assisted with two major core conversions, multiple mergers, and countless efforts to enhance members' experience.

While Dave is a Michigan native, he began his IT career 42 years ago at Hewlett-Packard in San Francisco. In his farewell address he stated, "Never did I think I would end up at Credit Union ONE. But for 31 years, I stayed at the credit union. This place just felt like home." This perfectly sums up the community Dave helped create. While reflecting on his accomplishments, Dave was especially proud of creating an IT team that was empowered and devoted to its members.

Furthermore, Dave is a family man with a wife, 3 sons, and 4 granddaughters, to whom he attributes much of his success. Dave also contributing his move back to Michigan to his family, which led to a job with Credit Union ONE. In his free time, Dave enjoys coaching high school hockey, and spending time with his granddaughters.
 

Dave took the opportunity at his retirement party to thank everyone at Credit Union ONE for their advice, encouragement, and support. His laugh was contagious as he remembered all the time he had spent working on different projects over the last few years. Dave acknowledged that he learned so much from the Credit Union and appreciated everything they had done for him. When asked for any words of advice he stated, “The number one thing is to do the absolute best job you can at the job you’re currently doing.” He noted that for his IT staff, it's critical to understand the business you are supporting. In addition to working well, the system should also be beneficial to the company.
 

Dave is kicking off his retirement with a well-deserved vacation to Europe with his wife. Thank you for all the hard work and dedication you have shown to Credit Union ONE over the years, Dave. Enjoy your retirement!
 

Steve Terhaar, Credit Union ONE’s Vice President of SBA Lending was awarded the MCDC 2021 Credit Union Leader of the Year Award. 

MCDC, which is a non-profit corporation certified by the U.S. Small Business Administration to provide SBA 504 loan funding and SBA 7(a) loan packaging, bases its awards on the size and number of loans submitted each year. According to a recent economic impact study, businesses assisted by the MCDC have impacted over 10,000 jobs in Michigan and contributed over $551 million dollars to the Michigan economy. In 2022, MCDC helped over 1,000 small businesses access capital.

“CUONE partnering with MCDC for SBA 504 financing in 2021 provided 36 new jobs in Michigan and gave our participating business members with long-term fixed-rate interest stability. For me, this is a great example of CUONE’s expertise in SBA lending,” states Steve Terhaar. In 2021, Steve and MCDC funded $11 million in loan for small businesses.

Steve Terhaar has 30+ years of SBA and conventional lending experience across several financial institutions.  His career has encompassed small business and middle market lending. His depth of knowledge of SBA lending and his familiarity with the local market gives Steve the necessary edge to add value through a trust-based approach to all business members. Prior to joining Credit Union ONE, Steve held positions as Executive Vice President, Chief Lending Officer, and Chief Credit Officer at financial institutions in the Metro Detroit area. Terhaar resides with his family in Canton, MI.

Credit Union ONE is honored to partner with a reliable non-profit organization like MCDC to support small businesses throughout Michigan. Those interested in applying for an SBA loan can lean on Credit Union ONE and their experienced commercial lenders to guide them through the process. To learn how Credit Union ONE can help support your business, visit https://www.cuone.org/Borrow/Business-Loans/Commercial-Lending or call (833) 897-6777.
 
About Credit Union ONE
Started in 1937, Credit Union ONE is a not-for-profit, member-owned financial institution dedicated to providing exceptional Member value across a complete portfolio of affordable and convenient financial products and services. Credit Union ONE’s tradition of high quality is based on the principle of “People Helping People,” and this is also reflected in a commitment to community involvement and giving back.