Community Financial Credit Union
2027-community-grant-program-funding-302691539.html type: exa:news title: Golden 1 Credit Union Announces 55 Nonprofits Selected for 2026 - 2027 Community Grant Program Funding type: exa:news title: Community Financial Credit Union Awards Nearly ... - Corp! Magazine type: exa:news title: "Press Release: Coast Central\u2019s Community Grant Program Awards $150,000\_\ \_ - Coast Central Credit Union"
Financial Overview
From 2024 IRS Form 990-PF · 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
Mission & Focus Areas
Community Financial Credit Union is committed to promoting thrift through competitively-priced savings and loan products, as well as other financial products and services. The organization's mission emphasizes dedication to both its members and communities, providing exceptional service and support to its neighbors across Michigan.
Grantmaking
CFCU engages in philanthropic giving to support community organizations. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
Community Financial Credit Union serves Michigan, with membership open to anyone who lives, works, worships, or attends school anywhere in the state of Michigan.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total Revenue: $106,672,065
- Total Expenses: $106,128,097
- Total Assets: $1,594,945,276
- Net Assets: $149,594,864
- Employees: 431
2023 Financial Data:
- Total Revenues: $99,983,788
- Total Expenses: $96,013,609
- Total Assets: $1,594,945,276
The organization's revenue is primarily derived from program services ($102,292,638 in 2024) and investment income ($3,884,119 in 2024).
| 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 | — | — | — |
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
Open Grants
1 open opportunity from Community Financial Credit Union
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- Tansley Stearns: Principal Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TERI KUEHN | BOARD CHAIR | 1 | — |
| DAN HERRIMAN | VICE-CHAIR | 1 | — |
| HEIDI MUSSER | VICE-CHAIR | 1 | — |
| YASIR KHOGALI | TREASURER & SECRETARY | 1 | — |
| PAUL BEDICH | DIRECTOR | 1 | — |
| DENNIS LAVOY | DIRECTOR | 1 | — |
| NED STAEBLER | DIRECTOR | 1 | — |
| JOHNNIE TURNAGE | DIRECTOR | 1 | — |
| ANGELA PEAT | DIRECTOR | 1 | — |
| TANSLEY STEARNS | PRESIDENT/CEO | 40 | $583,005 |
| ELRY ARMAZA | CHIEF OF STAFF | 40 | $297,567 |
| ART BEARD | CHIEF IT OFFICER | 40 | $354,288 |
| SCOTT CAMERON | CHIEF FINANCIAL OFFICER | 40 | $337,912 |
| DANIELLE FRAWLEY | CHIEF GROWTH OFFICER | 40 | $340,300 |
| JILL JOHNSON | CHIEF REVENUE AND LENDING (THRU 05.31.24) | 40 | $473,109 |
| CATHY MEYERS | CHIEF PEOPLE OFFICER | 40 | $325,377 |
| DANIELLE MILNER | CHIEF EXPERIENCE OFFICER | 40 | $295,863 |
| CHRIS CURRY | SVP OPERATIONS AND RISK | 40 | $304,837 |
| MIKE ERFOURTH | VP BUSINESS EXPERIENCE | 40 | $200,650 |
| TOM VARGO | AVP CORE OPERATIONS | 40 | $194,378 |
| JAMES POTTER | INVESTMENT REPRESENTATIVE | 40 | $199,606 |
| LISA MULLEN | SENIOR GENERAL COUNSEL | 40 | $179,333 |
Related Funders
Similar funders by location and focus area
Kadant Johnson Inc Scholarship Foun
THREE RIVERS, MI
Assets
—
Grants
3
Total Given
$5K
Thomas W Itin Charitable Trust
KEEGO HARBOR, MI
Assets
—
Grants
11
Total Given
$4K
Robert a Leonard Jr Charitable Trus
SOUTHFIELD, MI
Assets
—
Grants
2
Total Given
$11K
Homer Youth Athletic Association
TEKONSHA, MI
Assets
—
Grants
1
Total Given
$4K
Dr Shanti Swarup & Mrs Chawla Devi
TROY, MI
Assets
—
Grants
9
Total Given
$3K
Bojrab Family Foundation
BLOOMFIELD HILLS, MI
Assets
$185K
Grants
9
Total Given
$27K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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