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EIN 38-1447620

Community Financial Credit Union (CFCU)

IRS 501(c) type
501(c)(14)
Num. employees
431
City
Plymouth
State
Michigan
Year formed
2012
Most recent tax filings
2023-12-01
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
$99,983,788
2023
Total expenses
$96,013,609
2023
Total assets
$1,594,945,276
2023
Num. employees
431
2023

Program areas at CFCU

Promote thrift to 83,566 members by offering competitively-priced savings & loans products as well as other Financial products.

Grants made by CFCU

GranteeGrant descriptionAmount
Children's Miracle Network Hospitals (CMN Hospitals)General Support$75,000
Local Impact AllianceGeneral Support$45,417
Hospitality HouseGeneral Support$30,000
...and 26 more grants made totalling $443,854

Personnel at CFCU

NameTitleCompensation
Tansley StearnsChief Executive Officer$570,686
Chris CurrySenior Vice President of Operations and Risk$358,191
Scott CameronExecutive Vice President and Chief Financial Officer$376,943
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$410,381
...and 18 more key personnel

Financials for CFCU

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$93,855,386
Investment income and dividends$2,211,204
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,414,816
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,502,382
Total revenues$99,983,788

Form 990s for CFCU

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-11990View PDF
2022-122023-05-13990View PDF
2021-122022-04-21990View PDF
2020-122021-06-30990View PDF
2018-122020-01-30990View PDF
...and 6 more Form 990s
Data update history
December 27, 2024
Updated personnel
Identified 6 new personnel
October 3, 2024
Updated personnel
Identified 6 new personnel
June 14, 2024
Used new vendors
Identified 1 new vendor, including
February 12, 2024
Updated personnel
Identified 4 new personnel
July 11, 2023
Used new vendors
Identified 7 new vendors, including , , , , , , and
Nonprofit Types
Grantmaking organizationsCredit unionsChapter / child organizations
Issues
Arts, cultural, and humanities
Characteristics
MembershipsState / local level
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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