Best Financial Credit Union

MUSKEGON, MI EIN: 38-1562639 Website

TO INSPIRE, EMPOWER AND IMPROVE THE QUALIFY OF LIFE FOR OUR MEMBERS AND OUR COMMUNITIES.

Financial Overview

From 2024 IRS Form 990-PF

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

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$3M$5M$8M$10M20202021202220232024
Metric202420232022
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

$0$9K$18K$27K$36K0 grants20201 grants20210 grants20224 grants20235 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

OAKRIDGE PUBLIC SCHOOLS$9KMUSKEGON PUBLIC SCHOOLS$9KORCHARD VIEW PUBLIC SCHO…$7KMUSKEGON HEIGHTS PUBLIC …$6KREETHS PUFFER SCHOOLS$6K

Grant Size Distribution

10 grants across all recorded years

10<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Best Financial Credit Union fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

MORGAN RESCORLAPRESIDENT/CEO$240KMICHAEL VERSTRAETECFO$132KCHARLES RITTERAGENCY PRINCIPAL$127KRANDI SHEFFERCOO$123K

From 2024 filing

NameTitleHoursCompensation
SHONTAYE WITCHERCHAIRPERSON1
DAVID MIERASVICE-CHAIRPERSON1
PAUL HOPPASECRETARY1
TAYLOR ADAMSBOARD MEMBER1
JOHN HENDRICKSBOARD MEMBER1
TRACEY BANKHEADBOARD MEMBER1
MORGAN RESCORLAPRESIDENT/CEO50$239,809
MICHAEL VERSTRAETECFO50$131,861
RANDI SHEFFERCOO50$122,693
CHARLES RITTERAGENCY PRINCIPAL50$126,854

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

MuskegonMuskegon Heights

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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