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Written by:Credit Union ONE
January 20, 2023
Category: News

Dave Breuer’s Final Farewell to Credit Union ONE


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!
Written by:Credit Union ONE
January 05, 2023
Category: News

Steve Terhaar, Credit Union ONE’s VP of SBA Lending, Awarded MCDC 2021 Credit Union Lender of the Year Award.

image to support article about Steve Terhaar, Credit Union ONE’s VP of SBA Lending,  Awarded MCDC 2021 Credit Union Lender of the Y
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 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.
Written by:Credit Union ONE
October 31, 2022
Category: News

Credit Union ONE celebrated New Southgate Branch with Ribbon Cutting Ceremony

image to support article about Credit Union ONE celebrated New Southgate Branch with Ribbon Cutting Ceremony
Credit Union ONE celebrated its continual expansion into the Metro Detroit area with the opening of its Southgate Branch in Southgate, Michigan on October 4th with a ribbon cutting ceremony. The branch is located at 12820 Fort Street next to MD Royal Pharmacy.

“Opening this new branch reiterates Credit Union ONE’s commitment to serving our Downriver community,” said Gary Moody, CUONE’s CEO during the ceremony. “We moved our new branch here from the old Lincoln Park branch, which is just a few miles down the road, since we found more of our members were actually living in Southgate. Our goal is to always make us more accessible to our members and our surrounding communities.”
In attendance for the Ribbon Cutting Ceremony as seen in the photo from left to right were Credit Union ONE CFO Tina Tracy, Southgate City Council Member Christian Graziani, Southgate City Council Member Karen George, Credit Union ONE CEO Gary Moody, Southgate Mayor Joseph Kuspa, Credit Union ONE Board Members Nickolas Nickolopoulos and Christine Dowhan-Bailey, Jessica Pinto of the Southern Wayne County Chamber of Commerce, and Adriana Barajas, Southgate's assistant branch manager. In addition to those shown in the photo, there were many others who attended.

Roberta Taylor is leading the Southgate location as branch manager with assistant branch manager, Adriana Barajas. Taylor will use her more than 10 years of financial services experience to maintain the performance of the branch, provide solutions to members, and leadership and supervision to staff. Prior to her appointment as Southgate branch manager, Taylor served as CUONE’s branch manager at now retired Lincoln Park branch.

Credit Union ONE opened the doors to its new 2,353 square feet branch on September 19th and is currently serving members. Construction of the branch building started early this year and was managed by Corrado Contracting. The purchase of the new location was facilitated by realtor David Long. The Southgate branch is a full-service branch, offering personal and business banking services including loans, mortgages, ATMs, and ITMs.
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.
Written by:Credit Union ONE
October 24, 2022
Category: News

Biden-Harris Administration Student Debt Relief

Under the Biden-Harris Administration, federal student loan borrowers in the working and middle classes can receive up to $20,000 in loan forgiveness. As pandemic-related support expires, this program is designed to help students transition to regular payments. The student debt relief plan is broken down into 3 parts. Here are the details for each.

Part 1: Final extension of student loan repayments
The final extension of student loan repayment will be through December 31st, 2022. Payments will resume no later than June 2023.

Part 2: Providing debt relief to low- and middle-income families
To smooth the transition back to regular repayment, the U.S Department of Education is providing up to $20,000 of student debt forgiveness to over 8 million borrowers who are eligible to receive relief.
Though the application process is on hold, we will continue to update you with the latest news. You can subscribe to the Department of Education's email list and check for updates by visiting their website Subscriptions | U.S. Department of Education.


To be eligible for debt relief:
  1. Annual income must fall below $125,000 for individuals or $250,000 for married couples.
  2. Individuals who received a Pell Grant in college with the income as mentioned before will be eligible for up to $20,000.
  3. Individuals who have not received a Pell Grant with the eligible income will receive up to $10,000.
  To learn more about other forms of relief, please visit Student Loan Forgiveness | Federal Student Aid.

Part 3: Managing the student loan system for future and current borrowers
An additional rule was established by the administration to create a new income-driven repayment plan to reduce future monthly payments for lower- and middle-income borrowers. This rule would:
  • Borrowers pay no more than 5% of their discretionary income monthly on undergrad loans.
  • Raise the amount of income that's considered non-discretionary income.
  • Forgive loan balances after 10 years of payments.
  • Cover borrower's unpaid monthly interest so no borrower's loan balance will grow if they make monthly payments.

Beware of Scams
While student debt relief applications are being taken, please be aware of potential scammers. You will never have to pay for help with your student debt relief. Never share your login information or password with anyone. Please report scam attempts to the Federal Trade Commission at 1 (877) 382-4357.

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Contact Us
If you're a media member, this information provides a summary of CUONE's origins and operations. If you have additional questions, please contact Swaminathan Seetharaman at or 248-584-5065.

What are your hours? 

Please visit our Locations & ATMs page.

Do you notarize? 

Credit Union ONE offers Notary services for members at no charge. Please visit any of our branch locations for this service. A notary public is an officer commissioned by the Michigan Secretary of State to serve as an unbiased and impartial witness. The most common function of the notary is to prevent fraud by attesting to the identity of a person signing a document. Notarization on a document certifies that the person whose signature is entered on the document personally appeared before the notary, established his or her identity, and personally signed the document in the presence of the notary.

How do I obtain my previous year tax information (1099 Form)?

If you earned $10 or more in interest in the previous year, you were mailed a 1099-INT form at the end of January. If you need another copy of your 1099-INT, please visit one of our branches. If you earned less than $10 in interest in the previous year, you will not receive a 1099-INT. However, the interest you earned is listed in your December statement, which can be viewed in Online Banking.

Where are your branches and ATMs located? 

Please visit our Locations & ATMs page.

How do I navigate through Online Banking? 

Enroll in Online Banking by clicking Log In and then Register Now, following the prompts. Once in Online Banking, use the menu widgets on the left-hand side to choose a feature you would like to use.  Watch this Online Banking Navigation Video to learn more.

How do I become a member of Credit Union ONE?

If you live, work, worship, or attend school in the State of Michigan, you are eligible for membership. You can apply online or by visiting one of our convenient branch locations.

What are you membership requirements?

You're eligible if you work, live, attend school or worship in Michigan. If you have out-of-state ID, we will need proof you meet the requirements. For example, a paystub showing your employer is based in Michigan, a rental agreement or closing documents with your Michigan address or a school ID will suffice.

How do I close my Credit Union ONE account? 

To close a Credit Union ONE account, members can visit any Credit Union ONE branch or call us at 800-451-4292 and a check will be mailed to the address on the account for any remaining balance payable to the member.

Where do I go to find account info?

You can access your account through Online Banking, Mobile Banking, or Telephone Banking. Also, account information is available by calling 800-451-4292 or visiting a branch.

How do I find a shared branching center? 

Our Locations & ATMs page provides a full list. Shared branching allows Credit Union ONE members to use other non-Credit Union ONE credit unions to perform certain transactions. Credit Union ONE is required to perform the following transactions for guest credit union members:

• Account Inquiries
• Withdrawals
• Deposits
• Transfers
• Loan Payments
• Loan Advances
• Statement Prints

Any additional services offered are that discretion of Credit Union ONE. 

What is your routing number?

Our routing number is 272479841. Sign up for direct deposit by providing this number and your 10-digit account number to your employer. If the information is needed in writing, we are able to provide a direct deposit letter.

What is a Garnishment?

A garnishment is a court order whereby a member's property or money are in possession or under control of another and applied as payment for their debt to a third party. A levy is a proceeding in which money is obtained for the payment of taxes that are past due. When members are served with a garnishment or levy, they must call and email Admin Services with the information and fax the documents to 248-584-5446. If the member questions a garnishment or levy, they can contact the filing court, the IRS, or the State of Michigan to file an objection. A phone number of the attorney will be in the account notes. By law, Credit Union ONE must follow the garnishment/levy orders.

My family member has passed away. How do I close the
account with Credit Union ONE? 

The procedure to close a deceased member's accounts vary depending on if there were joint owners, a beneficiary, if it was a trust, etc. Contact Credit Union ONE at 800-451-4292 or visit any Credit Union ONE branch for assistance.

Do you offer medallion or signature guarantee?

Yes, but please confirm by calling 800-451-4292 to find out if the location you wish to go to has one available and what documents you need to bring. All parties who need the signature guarantee must be current members.