Overview
What is Community Financial Credit Union?
Community Financial Credit Union is a Michigan-based, not-for-profit financial institution, owned and managed by its members. With over 70 years of service, they have established a strong commitment to their community and members. Community Financial Credit Union offers a range of competitively-priced savings and loan products, as well as additional financial services. The credit union's mission is to support its members while contributing positively to their neighborhoods. With a team of 379 employees, the organization prides itself on providing excellent service and fostering a long-term relationship with its clientele.
Official website here: www.cfcu.org
Is Community Financial Credit Union legitimate?
Community Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Community Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $3,895,842
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,347,413
For more financial information, click here
What is the mission statement of Community Financial Credit Union?
Community Financial Credit Union is a not-for-profit financial institution dedicated to its membership base. With a commitment that spans over seven decades, the credit union has been offering Michigan members competitive savings and loan products alongside exceptional customer service. Their mission extends beyond financial services, as they prioritize supporting their communities. For over 70 years, Community Financial has been a trusted partner, providing value to its members and positively impacting the neighborhoods they serve.
Official website here: www.cfcu.org
What is the revenue of Community Financial Credit Union?
Community Financial Credit Union's revenue in 2022 was $68,299,039.
Official website here: www.cfcu.org
Who are the executives of Community Financial Credit Union and what are their salaries?
The average compensation at Community Financial Credit Union during 2022 was $71,882. There are 379 employees and 15 volunteers at Community Financial Credit Union.
Here are 26 key members and their salaries (Community Financial Credit Union's CEO's salary is $309,415 and their total compensation is $320,907):
- Warren Musson (Vp Business Services (Through 8/16/2022))
- William Lawton (Ceo (Through 7/1/2022))
- Art Beard (Chief Information And Digital Officer)
- Jill Johnson (Chief Revenue And Lending Officer)
- Chris Curry (Chief Operations And Payments Officer)
- Cathy Meyers (Chief People Officer)
- Scott Cameron (Evp/Cfo)
- Randy Penner (Chief Sales And Marketing Officer (Through 8/5/22))
- Eric Esser (Chief Residential And Commercial Lending Officer (Through 12/2/22))
- Tansley Stearns (Ceo (As Of 6/1/2022))
- Sarah Cousineau (Vp Marketing (Through 9/19/2022))
- Diane Kenny (Vp Sales)
- Thomas Vargo (Avp/Core Operations)
- David Heffner (Svp Lending)
- Elry Armaza (Chief Transformation Officer)
- Danielle Milner (Chief Experience Officer)
- Dan Herriman (2Nd Vice Chairperson) [Trustee/Director]
- Dennis Lavoy (Secretary/Treasurer) [Trustee/Director]
- Don Bain (Board Chair) [Trustee/Director]
- Mark Riegal (1St Vice Chairperson) [Trustee/Director]
- Debbie Starinsky (Board Member) [Trustee/Director]
- Mary Lowing (Board Member (Through 3/10/2022)) [Trustee/Director]
- Patricia Reese (Board Member) [Trustee/Director]
- Paul Bedich (Board Member) [Trustee/Director]
- Ron Meteyer (Board Member) [Trustee/Director]
- Teri Kuehn (Board Member) [Trustee/Director]
Official website here: www.cfcu.org
Where can I find the form 990 for Community Financial Credit Union?
The Community Financial Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cfcu.org
Learn more at the official website: www.cfcu.org
Mission Statement of Community Financial Credit Union
Community Financial Credit Union, a not-for-profit financial institution, has been serving its Michigan members for over 70 years. Established and governed by its membership, this state-chartered organization is fully committed to its members and their communities. Community Financial's mission is geared towards providing competitively-priced savings and loans products while delivering exceptional service and community support.
For seven decades, Community Financial has been a trusted financial partner to its Michigan members. By offering a full range of savings and loans products, the credit union empowers its members to save for their future and meet their financial needs. With a strong focus on community engagement, the organization goes beyond traditional financial services by extending support to the neighborhoods it serves. In doing so, Community Financial plays a vital role in enhancing the quality of life for its members and the communities they call home.
Impact
This information is meant to be a general summary of Community Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Community Financial Credit Union's impact can be seen in the financial well-being of its 80,634 members in Michigan. By offering competitively-priced savings and loan products, as well as other financial services, the credit union promotes thrift and supports its members in achieving their financial goals. Through its commitment to the community, Community Financial Credit Union plays a vital role in providing outstanding service and support to neighborhoods in Michigan.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER LOAN INCOME
Revenue
$53,709,972
INTERCHANGE INCOME
Revenue
$6,133,557
Fee Income
Revenue
$5,093,661
Sale of Loans
Revenue
$674,405
Organization Details
Founding Year
2012
Phone
(734) 453-1200
Main Address
500 S HARVEY ST, PLYMOUTH, MI, 481708050
Website
www.cfcu.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of Community Financial Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.