Best Financial Credit Union
To inspire, empower and improve the qualify of life for our members and our communities.
Best Financial Credit Union at a glance
In short: Best Financial Credit Union gave $36K across 5 grants in 2024 (avg $7K), mostly in Michigan. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $36,259
- +40.5% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $7,252
- +12.4% vs 2023
- Median grant
- $6,856
- Total assets
- $138,748,886
- -0.2% vs 2023
- Primary geography
- Michigan (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Best Financial Credit Union funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Oakridge Public Schools ($9K). Together the top 5 received $36K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Best Financial Credit Union gives
- Giving grew 553% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $6K (2021) to $36K (2024). In 2024 it made 5 grants totaling $36K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Oakridge Public Schools Muskegon, MI | Charitable Contribtution | $9,147 |
| Muskegon Public Schools Muskegon, MI | Charitable Contribtution | $8,623 |
| Orchard View Public Schools Muskegon, MI | Charitable Contribtution | $6,856 |
| Muskegon Heights Public Schools Muskegon, MI | Charitable Contribtution | $5,836 |
| Reeths Puffer Schools Muskegon, MI | Charitable Contribtution | $5,797 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $138,748,886 | $9,471,857 | $9,301,322 | $36,259 | 5 | $790,544 |
| 2023 | $139,035,538 | $8,284,218 | $7,986,478 | $25,802 | 4 | $951,111 |
| 2022 | $137,728,390 | $7,151,929 | $6,370,309 | $19,963 | Total only | $660,919 |
| 2021 | $124,604,613 | $6,644,465 | $5,722,465 | $5,549 | 1 | $483,794 |
| 2020 | $116,774,846 | $5,881,103 | $5,005,864 | $16,852 | Total only | $440,140 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Best Financial Credit Union
Based on IRS filings
Best Financial Credit Union is a public charity, based in Muskegon, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $138.7M in total assets. In 2024, it awarded 5 grants totaling $36K. Net investment income was $791K.
Leadership & Key People
Officers and directors from IRS filings
Best Financial Credit Union is led by Morgan Rescorla, President & CEO on every filing since 2020; 4 of 10 officers listed in 2024 are compensated.
Officers on the 2024 filing
Morgan Rescorla
President & CEO
On filings since 2020
50 hrs/week
$148K (2020) → $240K (2024)
Shontaye Witcher
Chairperson
Board Treasurer → Treasurer, 2023
Treasurer → Chairperson, 2024
On filings since 2020
1 hr/week
No compensation reported
Michael Verstraete
CFO
Vice President of Finance → CFO, 2023
On filings since 2020
50 hrs/week
$87K (2020) → $132K (2024)
Randi Sheffer
COO
On filings since 2022
50 hrs/week
$75K (2022) → $123K (2024)
Charles Ritter
Agency Principal
On filings since 2023
50 hrs/week
$101K (2023) → $127K (2024)
David Mieras
Vice Chairperson
On filings since 2020
1 hr/week
No compensation reported
Paul Hoppa
Secretary
On filings since 2020
1 hr/week
No compensation reported
Taylor Adams
Board Member
On filings since 2020
1 hr/week
No compensation reported
John Hendricks
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Tracey Bankhead
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (9)
- Former: Austin Rankin (2020–2023) — Supervisory Committee
- Former: Jamie Stahl (2020–2023) — Board Member
- Former: Mary Heethouse (2020–2023) — Supervisory Committee
- Former: Meagan Wachter (2020–2023) — Chair Supervisory Committee
- Former: Shelley Peets (2020–2023) — Chairperson
- Former: Timothy Burgess (2020–2023) — Board Member
- Former: Catherine Kloska (2021–2023) — Supervisory Committee
- Former: George Goudie (2020) — Board Member
- Former: Kaja Hunter (2020) — Supervisory Committee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $240K, to Morgan Rescorla (President/CEO). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Best Financial Credit Union
How much does Best Financial Credit Union give each year?
Best Financial Credit Union gave $36K across 5 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $26K across 4 grants.
What is Best Financial Credit Union's typical grant size?
Best Financial Credit Union's median grant in 2024 was $6,856, and its average grant was $7,252, across 5 grants on its 2024 IRS Form 990.
Where does Best Financial Credit Union give grants?
Best Financial Credit Union gives mostly in Michigan: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Muskegon, MI (5 grants).
Does Best Financial Credit Union give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Best Financial Credit Union's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Charitable Contribtution" (5 grants).
Who are Best Financial Credit Union's largest grantees?
Best Financial Credit Union's largest 2024 grantees include Oakridge Public Schools ($9,147), Muskegon Public Schools ($8,623) and Orchard View Public Schools ($6,856), according to its 2024 IRS Form 990. Together they received 68% of its itemized 2024 grant dollars.
How large is Best Financial Credit Union?
Best Financial Credit Union reported $138.7M in total assets on its 2024 IRS Form 990. Its revenue that year was $9.5M.
What is Best Financial Credit Union's EIN?
Best Financial Credit Union's EIN (Employer Identification Number) is 38-1562639. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Best Financial Credit Union's focus areas in our free grants database
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Best Financial Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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