Community Matters
Annual Community Report 2015
Bill Lawton

A Message from
CEO Bill Lawton

2015 was an exciting year for Community Financial. We grew to over 60,000 members who are saving and borrowing hundreds of millions of...
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Teresa Folino

A Message from
Board Chair
Teresa Folino

Thank you for your continued support of and membership at Community Financial. As a not-for-profit financial cooperative, Community Financial is...
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Board of Directors

Don Bain (Secretary/Treasurer)
Albert Berrie
Teresa Folino (Chair)
Doug Fopma
Dan Herriman (1st Vice Chair)
Mark Riegal
Kathy Roberts
Deborah Ronayne (2nd Vice Chair)
Adi Sathi

Supervisory Committee

Paul Bedich
Terry Jolly (Chair)
Carol Leroue
Steve Rowley
Jennifer Langan

Together We Are Stronger

loading... The word “community” is not only in our name, but it is the core of what we do. We know that Community Financial would not exist without our members and the communities in which they live. Strong business can only grow from a strong community that benefits everyone. Helping nonprofits, educational, and community groups is part of our culture. We believe these groups have a tremendous impact on the communities we serve and it’s both our responsibility and pleasure to support them.
read more . . .

Supporting Nonprofits

loading...Community Financial cares about its members and the communities it serves. That’s why we are proud to support nonprofit organizations that assist our communities in a variety of ways. Through several charitable giving programs, we are able to partner with our members and our neighbors to lend a hand to local groups that help build stronger communities.
read more . . .

Partnering With Schools

loading...At Community Financial we believe that educating our youth on financial education determines the success of our future. We are proud to support every level of education across northern and southeast Michigan. From scholarships to financial education, we strive to engage students in local schools and teach them good money habits that will last throughout their lifetime.
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Outreach Impact

loading...Community Financial team members are the heart of our credit union. They not only strive to provide our members with outstanding service, but also dedicate themselves to helping the communities they serve. During the 2015 year, our team members donated over 3,520 volunteer hours to our local communities. We also donated $356,265 to local organizations and programs.

We are proud of our “People Helping People” philosophy at Community Financial. We are excited to enhance our communities not just as a business organization, but also as parents, neighbors, community activists and engaged citizens.
read more . . .

2015: A Year in Review

Thanks to continued growth and strong member loyalty, 2015 was another outstanding year for Community Financial. We continued to see a strong increase in membership and again saw our high member satisfaction ratings.

These factors led to very solid financial results, with all areas of credit union operations performing well in 2015. Net income for the year was $8,113,875 or a 1.24% return on assets. We expect to achieve a positive net income of $7.1 million in 2016 due in part to the benefits of operating in the current interest rate environment and stabilized loan losses.

Total assets grew to $702 million in 2015. Member deposits at year-end were $544 million. Total net loans increased 13.72% to $644 million. Home Equity loan balances and Auto loan balances grew by more than twenty percent each. Our members continued to take advantage of lower mortgage rates and we originated over $135 million in first mortgage loans for seven percent increase in 1st Mortgage balances. read more . . .

Some of the groups we’ve supported on behalf of our members:

Health/Wellness
American Heart Association
Angela Hospice
Autism Speaks
Beaumont Foundation
Blum’s Landing
Children With Hair Loss
Fraternal Order of Police - Oakland County
Garland Charity Classic
Gaylord Lions Club
Kona Running Group
Lewiston 50 Plus Club
Michigan Human Trafficking Task Force
New Hope Center for Grief Support
Northeast MI Crime Stoppers
Otsego County Commission on Aging
Otsego Memorial Hospital
Personalized Nursing LIGHT House, Inc.
Plymouth Canton Educational Park Honor Society
Plymouth Community United Way
Plymouth-Canton Special Olympic Stars
Relay For Life (Canton, Livonia, Novi/Northville, Otsego, Plymouth)
Scleroderma Foundation
Share a Smile
The Little Stars Foundation
Women Supporting Women Veterans
Education
Atlanta Community Schools
Canton Community Foundation
Canton Farmer’s Market
CFCU Scholarship Program
Detroit Cristo Rey High School
Gaylord High School Robotics Club
Junior Achievement of Southeastern Michigan
Livonia Public Schools Educational Foundation
New Morning School - Plymouth
Northville City Fire Department - Explorer Program
Northville Educational Foundation
Northville HS DECA Team
Novi Educational Foundation
Our Lady of Victory School in Northville
PCCS Educational Excellence Foundation
P-CEP National Honor Society -Bridgepointe
Plymouth-Canton Community Literacy Council
Schoolcraft College
Smith Elementary School Girl Scout Cluster
Environment
Albert Township
Brush Creek Mill - History Program
Hillman Sportsman Club
Otsego Conservation District
Disaster Relief
Hillman Community Radio
Hillman EMS Service
Canton Firefighters
Plymouth Police Department
Novi Police Benevolent Association
Disabilities
Community Opportunity Center
ConnectUs
Fallen and Wounded Soldiers Fund
Miracle League of Plymouth
Wounded Warrior Project
Arts/Culture
Canton Commission for Culture, Arts and History
Creative and Performing Arts Dance
Friends of the Northville Historical District
Friends of the Novi Library
Friends of the Penn Theatre
Giving Songs
Lewiston Moose Lodge
Otsego County Museum
Partnership for the Arts and Humanities
Plymouth Arts Council
Plymouth Canton Music Boosters
Plymouth District Library
Plymouth Historical Museum
Plymouth Ice Festival
Plymouth Oratorio Society
Family/Children
Atlanta Chamber of Commerce
B.L.O.C.K. Youth and Teen Center
Boys and Girls Club of Alpena
Canton Leisure Services
Children's Dyslexia Center of SE Michigan
Community Mediation Services
Feed the Need Summer Lunch Program
First Step of Michigan
Foster Closet of Michigan
Good Morning USA Parade
Guardian Gals, Inc.
Lewiston Chamber of Commerce
Livonia Goodfellows
Livonia YMCA
Northville Boy Scouts
Northville Chamber of Commerce
Northville Parks and Rec
Novi Goodfellows
Novi Parks And Rec
Novi Youth Assistance
Otsego Child Welfare Alliance
Otsego County Library
Oxford Kids Foundation
Plymouth Family YMCA
Plymouth Rotary Club
Plymouth Township Parks and Rec
Plymouth United Way
Project Night Night
The TEARS Foundation of MI
Wives Behind the Badge MI Auxiliary
Women’s Giving Circle
Sports/Play
Canton HS Wrestling Team
Girls on the Run of Greater Detroit
Northville HS Boys Hockey
Northville HS Boys Lacrosse Boosters
Northville HS Football Parent Association
Novi Athletic Boosters
Novi Jaguar Invitational
Salem HS Baseball Team
Salem Linebackers
The Plymouth Arts and Recreation Complex
Animal Welfare
Elk County Animal Shelter
Last Day Dog Rescue
Montmorency 4H
Otsego County Fair
Providing for Paws
Tail Waggers
Financial Education
Amerman Elementary School
Atlanta Community School
Bentley Elementary School
Bird Elementary School
Canton Charter Academy
Discovery Middle School
Dodson Elementary School
East Middle School
Eriksson Elementary School
Farrand Elementary School
Field Elementary School
Gallimore Elementary School
Gaylord Community Schools
Gaylord St. Mary
Hillman Community Schools
Hillside Middle School
Hoben Elementary School
Hulsing Elementary School
Isbister Elementary School
Johannesburg-Lewiston Community Schools
Kennedy Elementary School
Liberty Middle School
Meads Mill Middle School
Miller Elementary School
Moraine Elementary School
Orchard Hills Elementary School
Pioneer Middle School
Plymouth Scholars Charter Academy
Plymouth-Canton Educational Park
Silver Springs Elementary School
Smith Elementary School
South Canton Scholars Charter Academy
Starkweather Academy
Thornton Creek Elementary School
Tonda Elementary School
West Middle School
Winchester Elementary School
Workman Elementary School
Food/Shelter
Community Sharing Program of Lewiston
Gleaners Community Food Bank Gardens
Hillman Area Resource Pantry (HARP)
Holy Family Food Pantry
Northville Civic Concern
Open Door Ministry
Otsego County Food Pantry
PBJ Outreach
Other
Belleville Area Chamber of Commerce
Canton Chamber of Commerce
Canton Newcomers Club
Crossroads Industries, Inc.
Gaylord Chamber of Commerce
Hillman Chamber of Commerce
Livonia Chamber of Commerce
Novi Chamber of Commerce
Plymouth Chamber of Commerce
Plymouth Kiwanis Club

Some of the groups we’ve supported on behalf of our members:

Health/Wellness
American Heart Association
Angela Hospice
Autism Speaks
Beaumont Foundation
Blum’s Landing
Children Wirth Hair Loss
Fraternal Order of Police - Oakland County
Garland Charity Classic
Gaylord Lions Club
Kona Running Group
Lewiston 50 Plus Club
Michigan Human Trafficking Task Force
New Hope Center for Grief Support
Northeast MI Crime Stoppers
Otsego County Commission on Aging
Otsego Memorial Hospital
Personalized Nursing LIGHT House, Inc.
Plymouth Canton Educational Park Honor Society
Plymouth Community United Way
Plymouth-Canton Special Olympic Stars
Relay For Life (Canton, Livonia, Novi/Northville, Otsego, Plymouth)
Scleroderma Foundation
Share a Smile
The Little Stars Foundation
Women Supporting Women Veterans
Education
Atlanta Community Schools
Canton Community Foundation
Canton Farmer’s Market
CFCU Scholarship Program
Detroit Cristo Rey High School
Gaylord High School Robotics Club
Junior Achievement of Southeastern Michigan
Livonia Public Schools Educational Foundation
New Morning School - Plymouth
Northville City Fire Department - Explorer Program
Northville Educational Foundation
Northville HS DECA Team
Novi Educational Foundation
Our Lady of Victory School in Northville
PCCS Educational Excellence Foundation
P-CEP National Honor Society -Bridgepointe
Plymouth-Canton Community Literacy Council
Schoolcraft College
Smith Elementary School Girl Scout Cluster
Disaster Relief
Hillman Community Radio
Hillman EMS Service
Canton Firefighters
Plymouth Police Department
Novi Police Benevolent Association
Environment
Albert Township
Brush Creek Mill - History Program
Hillman Sportsman Club
Otsego Conservation District
Animal Welfare
Elk County Animal Shelter
Last Day Dog Rescue
Montmorency 4H
Otsego County Fair
Providing for Paws
Tail Waggers
Disabilities
Community Opportunity Center
ConnectUs
Fallen and Wounded Soldiers Fund
Miracle League of Plymouth
Wounded Warrior Project
Family/Children
Atlanta Chamber of Commerce
B.L.O.C.K. Youth and Teen Center
Boys and Girls Club of Aplena
Canton Leisure Services
Children's Dyslexia Center of SE Michigan
Community Mediation Services
Feed the Need Summer Lunch Program
First Step of Michigan
Foster Closet of Michigan
Good Morning USA Parade
Guardian Gals, Inc.
Lewiston Chamber of Commerce
Livonia Goodfellows
Livonia YMCA
Northville Boy Scouts
Northville Chamber of Commerce
Northville Parks and Rec
Novi Goodfellows
Novi Parks And Rec
Novi Youth Assistance
Otsego Child Welfare Alliance
Otsego County Library
Oxford Kids Foundation
Plymouth Family YMCA
Plymouth Rotary Club
Plymouth Township Parks and Rec
Plymouth United Way
Project Night Night
The TEARS Foundation of MI
Wives Behind the Badge MI Auxiliary
Women’s Giving Circle
Financial Education
Amerman Elementary School
Atlanta Community School
Bentley Elementary School
Bird Elementary School
Canton Charter Academy
Discovery Middle School
Dodson Elementary School
East Middle School
Eriksson Elementary School
Farrand Elementary School
Field Elementary School
Gallimore Elementary School
Gaylord Community Schools
Gaylord St. Mary
Hillman Community Schools
Hillside Middle School
Hoben Elementary School
Hulsing Elementary School
Isbister Elementary School
Johannesburg-Lewiston Community Schools
Kennedy Elementary School
Liberty Middle School
Meads Mill Middle School
Miller Elementary School
Moraine Elementary School
Orchard Hills Elementary School
Pioneer Middle School
Plymouth Scholars Charter Academy
Plymouth-Canton Educational Park
Silver Springs Elementary School
Smith Elementary School
South Canton Scholars Charter Academy
Starkweather Academy
Thornton Creek Elementary School
Tonda Elementary School
West Middle School
Winchester Elementary School
Workman Elementary School
Food/Shelter
Community Sharing Program of Lewiston
Gleaners Community Food Bank Gardens
Hillman Area Resource Pantry (HARP)
Holy Family Food Pantry
Northville Civic Concern
Open Door Ministry
Otsego County Food Pantry
PBJ Outreach
Arts/Culture
Canton Commission for Culture, Arts and History
Creative and Preforming Arts Dance
Friends of the Northville Historical District
Friends of the Novi Library
Friends of the Penn Theatre
Giving Songs
Lewiston Moose Lodge
Otsego County Museum
Partnership for the Arts and Humanities
Plymouth Arts Council
Plymouth Canton Music Boosters
Plymouth District Library
Plymouth Historical Museum
Plymouth Ice Festival
Plymouth Oratorio Society
Other
Belleville Area Chamber of Commerce
Canton Chamber of Commerce
Canton Newcomers Club
Crossroads Industries, Inc.
Gaylord Chamber of Commerce
Hillman Chamber of Commerce
Livonia Chamber of Commerce
Novi Chamber of Commerce
Plymouth Chamber of Commerce
Plymouth Kiwanis Club
Sports/Play
Canton HS Wrestling Team
Girls on the Run of Greater Detroit
Northville HS Boys Hockey
Northville HS Boys Lacrosse Boosters
Northville HS Football Parent Association
Novi Athletic Boosters
Novi Jaguar Invitational
Salem HS Baseball Team
Salem Linebackers
The Plymouth Arts and Recreation Complex