Community Financial Credit Union of Michigan appoints new CEO

Tanley Stearns

Tansley Stearns will become president and CEO of Community Financial Credit Union in Plymouth, Michigan, in June, the board announced Tuesday.

She will succeed Bill Lawton, who announced his intention to retire last December.

Bill Lawton joined the credit union in 1982 when his father, George Lawton, was managing director of Community Financial.

During Lawton’s tenure as CEO which began in 2004, Community Financial’s assets grew from $300 million to today’s $1.2 billion, while membership grew from 36,000 to more than 84,000. , according to NCUA Call Reports.

“We know Tansley will share an exciting future with us as she leads our credit union to build on our past successes,” Community Financial Board Chairman Don Bain said in a prepared statement. “We all look forward to working with her to make Community Financial Credit Union even more successful in serving our members and our communities in the future.”

During a 24-year career in credit unions, Stearns held key leadership positions in credit unions and at the Filene Research Institute in Madison, Wisconsin.

Most recently, she served as COO of the $3.8 billion Canvas Credit Union, where she helped transform the credit union brand from Public Service Credit Union. . She joined the Lone Tree, Colorado-based credit union in 2018 and has also served as director of marketing, strategy and human resources.

In addition, she previously held senior positions at Bethpage Federal Credit Union ($11.5 billion, Bethpage, NY), Connex Credit Union ($868 million, North Haven, Connecticut) and the now acquired BestSource Credit Union. , Stearns’ LinkedIn profile showed.

“Tansley comes to us with a wealth of leadership experience in the credit union movement,” Lawton said in a prepared statement. “His energy and passion for our members, our communities and our team will ensure that our best years are yet to come.”

Community Financial’s 313 employees operate 13 branches.