Community Financial Credit Union
Community Financial Credit Union is a member-owned, state-chartered, not-for-profit financial institution based in Plymouth, Michigan. It files as a Form 990 public charity and, under the name orsa credit union, describes itself as a for-impact financial cooperative serving Michigan communities.
Key facts about Community Financial Credit Union
In short: Community Financial Credit Union gave $672K across 12 grants in 2024 (avg $56K), mostly in Michigan. 50% of 2024 grantees were new. Source: 2024 IRS Form 990 filing.
- EIN
- 38-1447620
- Latest 990 filing
- Form 990 filing, 2024
- Annual giving (2024)
- $672,026
- Grants made (2024)
- 12
- Average grant
- $56,002
- Median grant
- $16,800
- New grantees (estimate)
- 50% first-time grantees (6 of 12, 2024)
- Total assets
- $1,579,342,761
- Primary geography
- Michigan (87% of itemized 2024 grant dollars)
- Deadline
- February 1, 2027, listed for the undergraduate and CTE/trade-school scholarship programs.
Data from IRS Form 990 filing, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990 filing · View filing
Total Assets
$1.6B
-1.0% YoY
Annual Giving
$672K
+23.9% YoY
Grant Count
12
-69.2% YoY
Avg Grant Size
$56K
+302.7% YoY
Is Community Financial Credit Union open to new grantees?
50%
first-time grantees, 2024
In 2024, 6 of 12 grantees (50%) were first-time recipients. First grants averaged $81K; repeat grants $31K. How we count
Medians: $11K first-time, $22K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The organization’s stated mission is to promote thrift by offering members competitively priced savings and loan products and other financial products, while supporting its members and communities.
The orsa foundation identifies making housing attainable and strengthening the workforce as funding priorities. Its website describes housing work as supporting homeownership and safe, stable housing across Michigan, and workforce work as supporting Michigan women- and minority-led enterprises, arts education, and critical thought development. It also says it supports the broader ecosystems around these priorities.
The 2024 grantees illustrate a range of supported work. For example, Children’s Miracle Network says it raises money for children’s healthcare in local communities; Canton Community Foundation says it helps people achieve philanthropic goals that enhance their community; and Michigan Credit Union Foundation says it supports community enrichment, financial education, and credit union development. Life Remodeled says it works to revitalize Detroit neighborhoods equitably and sustainably.
Grantmaking
In 2024, the credit union reported 12 grants totaling $672,026. Grant amounts ranged from $5,500 to $419,810, with a median of $16,800. Most grant dollars went to Michigan recipients: 87% of the total, compared with 11% to Utah and 2% to New York.
Review Cycle
** February 1, 2027, listed for the undergraduate and CTE/trade-school scholarship programs.
Open Grants
1 open opportunity from Community Financial Credit Union
Ready to take the next step with Community Financial Credit Union?
Geographic Focus
Where this funder awards grants
The credit union describes its community impact and foundation priorities as focused on Michigan. Its membership is open to people who live, work, worship, or attend school in Michigan, as well as qualifying businesses and immediate family members of existing members. In 2024, 87% of grant dollars went to Michigan recipients; grants also went to recipients in Utah and New York.
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
158 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| RELENTLESS CARE FOUNDATION Plymouth, MI | GENERAL SUPPORT | $419,810 |
| CHILDREN'S MIRACLE NETWORK Salt Lake City, UT | GENERAL SUPPORT | $75,000 |
| CANTON COMMUNITY FOUNDATION Canton, MI | MEMBER SCHOLARSHIPS | $45,116 |
| FIRST STEP Plymouth, MI | GENERAL SUPPORT | $25,500 |
| TECHTOWN DETROIT Detroit, MI | GENERAL SUPPORT | $25,000 |
| DETROIT CRISTO REY Detroit, MI | GENERAL SUPPORT | $18,600 |
| MICHIGAN CREDIT UNION FOUNDATION Plymouth, MI | GENERAL SUPPORT | $15,000 |
| CRISIS TEXT LINE New York, NY | GENERAL SUPPORT | $12,500 |
| A STRONGER FINANCIAL MICHIGAN Plymouth, MI | GENERAL SUPPORT | $10,000 |
| ELK COUNTRY ANIMAL SHELTER Atlanta, MI | GENERAL SUPPORT | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $1,579,342,761 | $106,672,065 | $106,128,097 | $672,026 (12 grants) |
| 2023 | $1,594,945,276 | $99,983,788 | $96,013,609 | $542,384 (39 grants) |
| 2022 | $1,531,731,546 | $68,299,039 | $58,544,558 | $706,940 (41 grants) |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,579,342,761 | $1,594,945,276 | $1,531,731,546 |
| Revenue | $106,672,065 | $99,983,788 | $68,299,039 |
| Expenses | $106,128,097 | $96,013,609 | $58,544,558 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,379,427 | $4,626,020 | $1,313,989 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Teri Kuehn as board chair; Dan Herriman and Heidi Musser as vice-chairs; Yasir Khogali as treasurer and secretary; Paul Bedich, Dennis LaVoy, Ned Staebler, Johnnie Turnage, and Angela Peat as directors; and Tansley Stearns as president and CEO.
Community Financial Credit Union is led by Tansley Stearns, President & CEO on the 2024 filing; 13 of 22 officers listed in 2024 are compensated.
Officers on the 2024 filing
Tansley Stearns
President & CEO
New on the 2024 filing
40 hrs/week
$583K (2024)
Teri Kuehn
Board Chair
New on the 2024 filing
1 hr/week
No compensation reported
Angela Peat
Director
New on the 2024 filing
1 hr/week
No compensation reported
Dennis Lavoy
Director
New on the 2024 filing
1 hr/week
No compensation reported
Johnnie Turnage
Director
New on the 2024 filing
1 hr/week
No compensation reported
Ned Staebler
Director
New on the 2024 filing
1 hr/week
No compensation reported
Paul Bedich
Director
New on the 2024 filing
1 hr/week
No compensation reported
Art Beard
Chief It Officer
New on the 2024 filing
40 hrs/week
$354K (2024)
Cathy Meyers
Chief People Officer
New on the 2024 filing
40 hrs/week
$325K (2024)
Chris Curry
Senior Vice President Operations & Risk
New on the 2024 filing
40 hrs/week
$305K (2024)
Danielle Frawley
Chief Growth Officer
New on the 2024 filing
40 hrs/week
$340K (2024)
Danielle Milner
Chief Experience Officer
New on the 2024 filing
40 hrs/week
$296K (2024)
Elry Armaza
Chief of Staff
New on the 2024 filing
40 hrs/week
$298K (2024)
James Potter
Investment Representative
New on the 2024 filing
40 hrs/week
$200K (2024)
Jill Johnson
Chief Revenue & Lending
New on the 2024 filing
40 hrs/week
$473K (2024)
Lisa Mullen
Senior General Counsel
New on the 2024 filing
40 hrs/week
$179K (2024)
Mike Erfourth
Vice President Business Experience
New on the 2024 filing
40 hrs/week
$201K (2024)
Scott Cameron
Chief Financial Officer
New on the 2024 filing
40 hrs/week
$338K (2024)
Tom Vargo
Assistant Vice President Core Operations
New on the 2024 filing
40 hrs/week
$194K (2024)
Dan Herriman
Vice Chair
New on the 2024 filing
1 hr/week
No compensation reported
Heidi Musser
Vice Chair
New on the 2024 filing
1 hr/week
No compensation reported
Yasir Khogali
Treasurer & Secretary
New on the 2024 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 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
Contact
Mailing address: 500 S Harvey St, Plymouth, MI 48170-8050
Phone: (734) 453-1200
Website: https://cfcu.org
Frequently asked questions about Community Financial Credit Union
How much does Community Financial Credit Union give each year?
Community Financial Credit Union gave $672K across 12 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $542K across 39 grants.
What is Community Financial Credit Union's typical grant size?
Community Financial Credit Union's median grant in 2024 was $16,800, and its average grant was $56,002, across 12 grants on its 2024 IRS Form 990 filing. Organizations receiving their first grant from Community Financial Credit Union that year got $81K on average.
Where does Community Financial Credit Union give grants?
Community Financial Credit Union gives mostly in Michigan: 87% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The next largest state was Utah (11%). The most frequent recipient cities were Plymouth, MI (4 grants) and Detroit, MI (3 grants).
Does Community Financial Credit Union give general operating support?
Yes: 92% of Community Financial Credit Union's 2024 grants with a stated purpose (11 of 12) were for general or operating support, per its 2024 IRS Form 990 filing.
Who are Community Financial Credit Union's largest grantees?
Community Financial Credit Union's largest 2024 grantees include Relentless Care Foundation ($419,810), Children's Miracle Network ($75,000) and Canton Community Foundation ($45,116), according to its 2024 IRS Form 990 filing. Together they received 80% of its itemized 2024 grant dollars.
How large is Community Financial Credit Union?
Community Financial Credit Union reported $1.6B in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $106.7M.
What does Community Financial Credit Union fund?
The organization’s stated mission is to promote thrift by offering members competitively priced savings and loan products and other financial products, while supporting its members and communities. The orsa foundation identifies making housing attainable and strengthening the workforce as funding priorities. Its website describes housing work as supporting homeownership and safe, stable housing across Michigan, and workforce work as supporting Michigan women- and minority-led enterprises, arts …
How do I apply for a grant from Community Financial Credit Union?
In 2024, the credit union reported 12 grants totaling $672,026. Grant amounts ranged from $5,500 to $419,810, with a median of $16,800. Most grant dollars went to Michigan recipients: 87% of the total, compared with 11% to Utah and 2% to New York. The largest 2024 grant was $419,810 to Relentless Care Foundation for general support. Other notable grants included $75,000 to Children’s Miracle Network for general support, $45,116 to Canton Community Foundation for member scholarships, $25,500 to …
What is Community Financial Credit Union's EIN?
Community Financial Credit Union's EIN (Employer Identification Number) is 38-1447620. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Here's the math on researching Community Financial Credit Union by hand.
Explore Open Grants
Browse active grant opportunities in Community Financial Credit Union's focus areas in our free grants database
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