Community Financial Credit Union Highlights Second Quarter Achievements Reflecting Remarkable Growth and Impact

Tansley Stearns

Community Financial Credit Union, recently named one of America’s Best Credit Unions by Forbes, proudly announces significant milestones achieved during the second quarter, reflecting remarkable growth and impact.

The credit union welcomed Heidi Musser, an accomplished board advisor and digital transformation leader, and Ron Meteyer, a former educator at Northville Public Schools, to its board of directors. These new members were selected for their exceptional dedication to fostering innovation and building a brighter future for our community.

In addition to the board’s expansion, Community Financial was verified as a Great Place to Work, achieving high scores in employee satisfaction and organizational trust. This certification underscores the institution’s efforts to foster a positive workplace environment that enhances employee experiences and satisfaction.

“With the closing of the quarter, I have the pleasure of seeing just how much progress our Community Financial team has made as we walk with Michiganders through life’s seasons. Our newest checking account, CloseEnuff™, has garnered more than $1.3 million in new checking deposits since April 1, which is a testament to using listening as a super power to better meet member needs,” said Tansley Stearns, president and ceo of Community Financial Credit Union and board member of the Relentless Care Foundation. “I am continually inspired by our members’ stories, and I’m in awe of our team’s ability to develop tangible solutions that empower our members.”

The second quarter also brought Community Financial’s partnership with Debbie, an innovative savings program offering extra cash rewards to members for achieving financial milestones. Hundreds of members enrolled in just two days and have already reduced their debt by an average of $78 per member.

These announcements come on the heels of the credit union’s recent strides in gender equity and housing attainability. In the second quarter, Community Financial launched its Choose the Bear™ initiative in collaboration with project partners. Within its first two weeks, the initiative facilitated an average loan balance for members of $3,382, making significant progress in alleviating the financial cost of economic abuse for participants.

Similarly, in just three months, CloseEnuff™, designed to empower women and alleviate critical financial hardship caused by gender inequity, has collectively saved members a quarter of a million dollars.

The second quarter also marked the launch of Community Financial’s Relentless Care Foundation’s largest initiative to date: Roof the Block, which will be featured on HGTV’s Bargain Block this fall. This collaborative effort further stabilizes an already vibrant neighborhood and ensures housing security today and for future generational wealth transfer.

Walking alongside a variety of community partners, including Brilliant Detroit and Nine Design + Homes, Roof the Block represents Relentless Care Foundation’s commitment to working closely with grant partners to achieve meaningful, lasting impacts.

With a steadfast focus on supporting economic mobility, Community Financial continues to set a standard for impactful corporate citizenship in Michigan and beyond. For more information on its initiatives, please visit https://www.cfcu.org/.

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