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EIN 38-1447620

Community Financial Credit Union (CFCU)

IRS 501(c) type
501(c)(14)
Num. employees
379
City
Plymouth
State
Michigan
Year formed
2012
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Community Financial Credit Union serves 80,634 members by promoting thrift through competitively-priced savings and loans products, as well as other financial products. It is a state chartered, not-for-profit, full-service financial institution owned and governed by its membership. With a commitment to both its members and communities for over 70 years, Community Financial is dedicated to providing exceptional service and support.
Related structure
CFCU is child organization, under the parent exemption from Credit Unions Chartered in the State of Michigan.
Also known as...
Credit Unions Chartered in the State of Michigan
Total revenues
$68,299,039
2022
Total expenses
$58,544,558
2022
Total assets
$1,531,731,546
2022
Num. employees
379
2022

Program areas at CFCU

Promote thrift to 80,634 members by offering competitively-priced savings & loans products as well as other Financial products.

Grants made by CFCU

GranteeGrant descriptionAmount
Michigan Credit Union FoundationGeneral Support$260,000
Local Impact AllianceGeneral Support$35,181
Otsego Community FoundationGeneral Support$32,500
...and 32 more grants made totalling $646,107

Personnel at CFCU

NameTitleCompensation
Tansley StearnsChief Executive Officer$309,415
Chris CurryChief Operations and Payments Officer / Senior Vice President and Chief Enterprise Risk Management Officer / Chief Emerging Risk Officer$333,269
Scott CameronExecutive Vice President and Chief Financial Officer$316,066
Randy PennerSenior Vice President and Chief Sales and Marketing Officer / Chief Marketing and Sales Officer / Senior Vice President and Sales$353,329
Art BeardChief Information and Digital Officer / Senior Vice President and Chief Information Officer / Chief It Officer / Vice President It$379,043
...and 14 more key personnel

Financials for CFCU

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$65,611,595
Investment income and dividends$1,313,989
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,373,455
Total revenues$68,299,039

Form 990s for CFCU

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-13990View PDF
2021-122022-04-21990View PDF
2020-122021-06-30990View PDF
2018-122020-01-30990View PDF
2017-122019-02-21990View PDF
...and 5 more Form 990s
Data update history
February 12, 2024
Updated personnel
Identified 4 new personnel
July 11, 2023
Used new vendors
Identified 7 new vendors, including , , , , , , and
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 4 new personnel
June 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsCredit unionsChapter / child organizations
Issues
Arts, cultural, and humanities
Characteristics
MembershipsState / local levelProvides scholarships
General information
Address
500 S Harvey St
Plymouth, MI 48170
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
cfcu.org/ 
Phone
(877) 937-2328
Facebook page
CommunityFinancial 
Twitter profile
@cfcreditunion 
IRS details
EIN
38-1447620
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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