Best Financial Credit Union
TO INSPIRE, EMPOWER AND IMPROVE THE QUALIFY OF LIFE FOR OUR MEMBERS AND OUR COMMUNITIES.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$138.7M
-0.2% YoY
Annual Giving
$36K
+40.5% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$7K
+12.4% YoY
About Best Financial Credit Union
Based on IRS filings
Best Financial Credit Union is a nonprofit organization, 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $138,748,886 | $139,035,538 | $137,728,390 |
| Revenue | $9,471,857 | $8,284,218 | $7,151,929 |
| Expenses | $9,301,322 | $7,986,478 | $6,370,309 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $790,544 | $951,111 | $660,919 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Oakridge Public Schools ($9,147), Muskegon Public Schools ($8,623), Orchard View Public Schools ($6,856).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHONTAYE WITCHER | CHAIRPERSON | 1 | — |
| DAVID MIERAS | VICE-CHAIRPERSON | 1 | — |
| PAUL HOPPA | SECRETARY | 1 | — |
| TAYLOR ADAMS | BOARD MEMBER | 1 | — |
| JOHN HENDRICKS | BOARD MEMBER | 1 | — |
| TRACEY BANKHEAD | BOARD MEMBER | 1 | — |
| MORGAN RESCORLA | PRESIDENT/CEO | 50 | $239,809 |
| MICHAEL VERSTRAETE | CFO | 50 | $131,861 |
| RANDI SHEFFER | COO | 50 | $122,693 |
| CHARLES RITTER | AGENCY PRINCIPAL | 50 | $126,854 |
Frequently Asked Questions
How large is Best Financial Credit Union?
As of 2024, Best Financial Credit Union holds $138.7M in total assets with $9.5M in annual revenue. It awarded 5 grants totaling $36K in 2024.
Where does Best Financial Credit Union operate?
Best Financial Credit Union has awarded grants in Michigan.
What size grants does Best Financial Credit Union award?
In 2024, Best Financial Credit Union awarded 5 grants totaling $36K — an average of about $7K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Best Financial Credit Union's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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