Community Financial Credit Union
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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
Among its reported 2024 grants, the largest include Relentless Care Foundation ($419,810), Children's Miracle Network ($75,000), Canton Community Foundation ($45,116).
| Recipient | Purpose | Amount |
|---|---|---|
| NORTHVILLE EDUCATION FOUNDATION NORTHVILLE, MI | GENERAL SUPPORT | $5,500 |
| A STRONGER FINANCIAL MICHIGAN PLYMOUTH, MI | GENERAL SUPPORT | $10,000 |
| ELK COUNTRY ANIMAL SHELTER ATLANTA, MI | GENERAL SUPPORT | $10,000 |
| LIFE REMODELED DETROIT, MI | GENERAL SUPPORT | $10,000 |
| CRISIS TEXT LINE NEW YORK, NY | GENERAL SUPPORT | $12,500 |
| MICHIGAN CREDIT UNION FOUNDATION PLYMOUTH, MI | GENERAL SUPPORT | $15,000 |
| DETROIT CRISTO REY DETROIT, MI | GENERAL SUPPORT | $18,600 |
| TECHTOWN DETROIT DETROIT, MI | GENERAL SUPPORT | $25,000 |
| FIRST STEP PLYMOUTH, MI | GENERAL SUPPORT | $25,500 |
| CANTON COMMUNITY FOUNDATION CANTON, MI | MEMBER SCHOLARSHIPS | $45,116 |
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 |
Frequently Asked Questions
What does Community Financial Credit Union fund?
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.
How do I apply for a grant from Community Financial Credit Union?
CFCU engages in philanthropic giving to support community organizations. Recent grant activity includes: • **Children's Miracle Network Hospitals (CMN Hospitals)**: $75,000 general support grant (2023) • **Local Impact Alliance**: Grant made in 2023 (amount not specified in available sources) The organization demonstrates a commitment to community impact through direct grant funding to nonprofit organizations serving Michigan communities.
Where does Community Financial Credit Union make 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.
What size grants does Community Financial Credit Union award?
In 2024, Community Financial Credit Union awarded 12 grants totaling $672K — an average of about $56K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Community Financial Credit Union's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
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Robert a Leonard Jr Charitable Trus
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Dr Shanti Swarup & Mrs Chawla Devi
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Bojrab Family Foundation
BLOOMFIELD HILLS, MI
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$27K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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