2025-11-17T14:49:28-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2024-01-01 381447620 COMMUNITY FINANCIAL CREDIT UNION COMM 7344531200 500 S HARVEY ST PLYMOUTH MI 481708050 SCOTT CAMERON EVP/CFO 7344531200 2025-11-17 1 0 TANYA MEDGAARDEN P01717240 5074347000 2025-11-17 2024 2025-03-06 01:10:19Z TANSLEY STEARNS 500 S HARVEY ST PLYMOUTH MI 481708050 131929805 0 X WWW.CFCU.ORG X CU 2012 MI STATE CHARTERED, NOT-FOR-PROFIT, FULL-SERVICE FINANCIAL INSTITUTION OWNED AND GOVERNED BY ITS MEMBERSHIP. AT COMMUNITY FINANCIAL, WE ARE COMMITTED TO OUR MEMBERS AND OUR COMMUNITIES. FOR OVER 70 YEARS. WE'VE PROVIDED OUR MICHIGAN MEMBERS COMPETITIVELY PRICED SAVINGS AND LOAN PRODUCTS, OUTSTANDING SERVICE AND SUPPORT TO THEIR NEIGHBORS. 9 9 431 15 76044 0 0 0 93855386 102292638 4626020 4379427 1502382 0 99983788 106672065 973333 811740 0 31872170 37327847 34244665 0 0 0 57712429 39199522 96013609 106128097 3970179 543968 1594945276 1579342761 1445878056 1429747897 149067220 149594864 X COMMUNITY FINANCIAL CREDIT UNION IS A STATE CHARTERED, NOT-FOR-PROFIT, FULL-SERVICE FINANCIAL INSTITUTION OWNED AND GOVERNED BY ITS MEMBERSHIP. AT COMMUNITY FINANCIAL, WE ARE COMMITTED TO OUR MEMBERS AND OUR COMMUNITIES,FOR OVER 70 YEARS. WE'VE PROVIDED OUR MICHIGAN MEMBERS COMPETITIVELY PRICED SAVINGS AND LOAN PRODUCTS, OUTSTANDING SERVICE AND SUPPORT TO THEIR NEIGHBORS. 0 0 PROMOTE THRIFT TO 83,996 MEMBERS BY OFFERING COMPETITIVELY-PRICED SAVINGS & LOANS PRODUCTS AS WELL AS OTHER FINANCIAL PRODUCTS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 35077 0 1 431 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 0 0 0 X SCOTT CAMERON 7345828876 PO BOX 8050 PLYMOUTH MI 481708050 TERI KUEHN BOARD CHAIR 1.00 X X 0 0 0 DAN HERRIMAN VICE-CHAIR 1.00 X X 0 0 0 HEIDI MUSSER VICE-CHAIR 1.00 X X 0 0 0 YASIR KHOGALI TREASURER & SECRETARY 1.00 X X 0 0 0 PAUL BEDICH DIRECTOR 1.00 X 0 0 0 DENNIS LAVOY DIRECTOR 1.00 X 0 0 0 NED STAEBLER DIRECTOR 1.00 X 0 0 0 JOHNNIE TURNAGE DIRECTOR 1.00 X 0 0 0 ANGELA PEAT DIRECTOR 1.00 X 0 0 0 TANSLEY STEARNS PRESIDENT/CEO 40.00 X 583005 0 38880 ELRY ARMAZA CHIEF OF STAFF 40.00 X 297567 0 3786 ART BEARD CHIEF IT OFFICER 40.00 X 354288 0 63888 SCOTT CAMERON CHIEF FINANCIAL OFFICER 40.00 X 337912 0 34826 DANIELLE FRAWLEY CHIEF GROWTH OFFICER 40.00 X 340300 0 17788 JILL JOHNSON CHIEF REVENUE AND LENDING (THRU 05.31.24) 40.00 X 473109 0 49651 CATHY MEYERS CHIEF PEOPLE OFFICER 40.00 X 325377 0 89094 DANIELLE MILNER CHIEF EXPERIENCE OFFICER 40.00 X 295863 0 36768 CHRIS CURRY SVP OPERATIONS AND RISK 40.00 X 304837 0 68462 MIKE ERFOURTH VP BUSINESS EXPERIENCE 40.00 X 200650 0 16531 TOM VARGO AVP CORE OPERATIONS 40.00 X 194378 0 33899 JAMES POTTER INVESTMENT REPRESENTATIVE 40.00 X 199606 0 15398 LISA MULLEN SENIOR GENERAL COUNSEL 40.00 X 179333 0 29434 4086225 0 498405 56 0 1 0 LEVEL5 LLC 2018 POWER FERRY RD SE ATLANTA GA 30339 CONSTRUCTION SERVICES 7159632 PSCU PO BOX 749439 ATLANTA GA 303749439 CARD PROCESSOR 4023274 MASTERCARD 2200 MASTERCARD BLVD OFALLON MO 633687263 CARD PROCESSOR 1481165 CO-OP FINANCIAL 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD PROCESSOR 1381018 LUMIN DIGITAL 3001 BISHOP DR STE 110 SAN RAMON CA 94583 DIGITAL BANKING 1017772 64 MEMBER LOAN INCOME 522100 84860404 84860404 INTERCHANGE INCOME 522100 11969311 11969311 FEE INCOME 522100 5462923 5386879 76044 102292638 3884119 3884119 25753048 25257740 495308 495308 495308 106672065 102216594 76044 4379427 811740 31872170 3342102 25134861 1097752 2598128 2071822 392075 238917 3969265 6240936 11953183 1572941 812123 3629768 2198285 64374 PROVISION FOR CREDIT LO 6811859 LOAN SERVICING 895145 MISCELLANEOUS EXPENSES 235424 OPERATING FEES 185227 106128097 6709724 9649478 78048787 3268571 1471641195 1374461115 3699009 58555001 21595443 25669627 36959558 66812222 19869919 15373495 20843937 41281400 1594945276 1579342761 17666113 4088707 4596931 4713564 1423615012 1420945626 1445878056 1429747897 X 0 0 0 0 149067220 149594864 149067220 149594864 1594945276 1579342761 543968 -16324 0 X X 0 1 X 1 0 0 1 X 14391929 14391929 21898323 10602261 11296062 13562667 10993182 2569485 8702082 8702082 36959558 MEMBER DEPOSITS 1312537398 BORROWINGS 56134228 NONMEMBER DEPOSITS 52274000 1420945626 X PART IV, LINE 2B: THE ORGANIZATION MAINTAINS MEMBERS SHARES ESCORWS AND FHLBI AND FNMA INVESTOR ESCROWS PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM MOST FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AS UNRELATED BUSINESS INCOME. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2024. THE CREDIT UNION'S 2021 THROUGH 2023 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. 1 NORTHVILLE EDUCATION FOUNDATION 405 W MAIN STREET NORTHVILLE MI 48167 383503644 501(C)3 5500 0 GENERAL SUPPORT A STRONGER FINANCIAL MICHIGAN PO BOX 8054 PLYMOUTH MI 48170 203928822 501(C)6 10000 0 GENERAL SUPPORT ELK COUNTRY ANIMAL SHELTER PO BOX 434 ATLANTA MI 49709 421555163 501(C)3 10000 0 GENERAL SUPPORT LIFE REMODELED 2470 COLLINGWOOD ST DETROIT MI 48206 275020487 501(C)3 10000 0 GENERAL SUPPORT CRISIS TEXT LINE PO BOX 1207 NEW YORK NY 10113 465039599 501(C)3 12500 0 GENERAL SUPPORT MICHIGAN CREDIT UNION FOUNDATION PO BOX 8054 PLYMOUTH MI 48170 386066911 501(C)3 15000 0 GENERAL SUPPORT DETROIT CRISTO REY 5679 W VERNOR HWY DETROIT MI 49709 262994633 501(C)3 18600 0 GENERAL SUPPORT TECHTOWN DETROIT 440 BURROUGHS STE 100 DETROIT MI 48202 412061387 501(C)3 25000 0 GENERAL SUPPORT FIRST STEP 44567 PINETREE DRIVE PLYMOUTH MI 48170 382208980 501(C)3 25500 0 GENERAL SUPPORT CANTON COMMUNITY FOUNDATION 50430 SCHOOL HOUSE ROAD SUITE 200 CANTON MI 48187 382898615 501(C)3 45116 0 MEMBER SCHOLARSHIPS CHILDREN'S MIRACLE NETWORK 204 W 700 S SALT LAKE CITY UT 841012715 870387205 501(C)3 75000 0 GENERAL SUPPORT RELENTLESS CARE FOUNDATION 500 S HARVEY ST PLYMOUTH MI 48170 932610244 501(C)3 419810 0 GENERAL SUPPORT 11 1 PART I, LINE 2: COMMUNITY FINANCIAL CREDIT UNION WILL MAKE THE SCHOLARSHIP PAYMENTS DIRECTLY TO THE RECEIVING COLLEGE OR UNIVERSITY AS ITS METHOD OF ENSURING THE GRANT FUNDS ARE USED IN ALIGNMENT WITH ITS PURPOSE. CFCU'S COMMUNITY RELATIONS DEPARTMENT CHOOSES PUBLIC CHARITIES THROUGHOUT THE COMMUNITY TO PROVIDE FUNDS TO. CFCU IS ACTIVE IN THE COMMUNITY'S IT SERVES AND SUPPORTS ORGANIZATIONS PROVIDING SOCIAL SERVICES, SCHOLARSHIPS AND GOVERNMENTAL SERVICES. SUPPORT PROVIDED TO THE SELECTED PUBLIC CHARITIES IS TYPICALLY INTENDED FOR GENERAL SUPPORT. COMMUNITY FINANCIAL ALSO PROVIDES TUITION REIMBURSEMENT UP TO $4,000/YEAR PER EMPLOYEE BASED ON GRADE RECEIVED. 0 1 0 TANSLEY STEARNS PRESIDENT/CEO 582375 0 0 0 630 0 30740 0 8140 0 621885 0 0 0 JILL JOHNSON CHIEF REVENUE AND LENDING (THRU 05.3 170283 0 6430 0 296396 0 46308 0 3343 0 522760 0 0 0 ART BEARD CHIEF IT OFFICER 339388 0 13934 0 966 0 63888 0 0 0 418176 0 0 0 CATHY MEYERS CHIEF PEOPLE OFFICER 309637 0 13934 0 1806 0 84491 0 4603 0 414471 0 0 0 CHRIS CURRY SVP OPERATIONS AND RISK 291787 0 12420 0 630 0 48184 0 20278 0 373299 0 0 0 SCOTT CAMERON CHIEF FINANCIAL OFFICER 323558 0 13934 0 420 0 23000 0 11826 0 372738 0 0 0 DANIELLE FRAWLEY CHIEF GROWTH OFFICER 315020 0 24873 0 407 0 15766 0 2022 0 358088 0 0 0 DANIELLE MILNER CHIEF EXPERIENCE OFFICER 279499 0 15734 0 630 0 17902 0 18866 0 332631 0 0 0 ELRY ARMAZA CHIEF OF STAFF 281203 0 15734 0 630 0 0 0 3786 0 301353 0 0 0 TOM VARGO AVP CORE OPERATIONS 193190 0 0 0 1188 0 25324 0 8575 0 228277 0 0 0 MIKE ERFOURTH VP BUSINESS EXPERIENCE 195023 0 5100 0 527 0 12320 0 4211 0 217181 0 0 0 JAMES POTTER INVESTMENT REPRESENTATIVE 199296 0 0 0 310 0 7827 0 7571 0 215004 0 0 0 LISA MULLEN SENIOR GENERAL COUNSEL 178019 0 900 0 414 0 9280 0 20154 0 208767 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2024. ART BEARD SCOTT CAMERON CATHY MEYERS CHRIS CURRY JILL JOHNSON THE FOLLOWING INDIVIDUALS RECEIVED PAYOUTS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2024: ART BEARD: $33,388 CATHY MEYERS: $30,991 CHRIS CURRY: $ 25,184 JILL JOHNSON: $32,739 FORM 990, PART VI, SECTION A, LINE 6 EACH ACCOUNT HOLDER IS A MEMBER OF THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION VOTE ON BOARD MEMBER CHANGES AND CHARTER CHANGES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS OF THE CREDIT UNION VOTE ON BOARD MEMBER CHANGES AND CHARTER CHANGES FORM 990, PART VI, SECTION B, LINE 11B THE MANAGER/ACCOUNTING, VP FINANCE AND ACCOUNTING, AND CFO REVIEWS BOTH FORM 990 AND 990T PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST THEY MAY HAVE WITH THE ORGANIZATION. EACH SIGNED POLICY STATEMENT IS REVIEWED TO DETERMINE IF ANY CONFLICTS EXIST AND NEED TO BE BROUGHT TO THE ATTENTION OF THE BOARD. IF A CONFLICT ARISES, THE RESPECTIVE BOARD MEMBER WILL ABSTAIN FROM ANY RELATED DISCUSSION, VOTE, OR SIMILAR ACTION ON THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE POSTED IN EACH BRANCH OFFICE, UPDATED MONTHLY. THE GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. RELENTLESS CARE FOUNDATION 500 S HARVEY ST PLYMOUTH MI 481701759 932610244 PUBLIC SERVICE MI 501(C)3 COMMUNITY FINANCIAL CREDIT UNION 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 RELENTLESS CARE FOUNDATION B 419810 CASH