Tommy Gasso Named Notable

Tommy Gasso, Senior VP of Commercial Lending for Community Financial Credit Union was named one of Crain’s Detroit Business 2023 Notable Leaders in Commercial Banking. Gasso joined Community Financial Credit Union in 2013, and in less than 10 years, grew its collective commercial portfolio from $20 million to $220 million, a sizable figure for the metro Detroit-based credit union.

Gasso’s team of commercial lenders closed 70 loans totaling $88 million in 2022. Many of those loans were for small businesses. About $20 million of that portfolio supports new residential construction in some of Detroit’s underinvested neighborhoods.

Under Gasso’s leadership, Community Financial also expanded its housing lending in Detroit, supporting the new construction of 112 housing units.

“Tommy pushes Community Financial to be one of the best commercial lenders in Michigan,” said Community Financial CEO Tansley Stearns. “He is a connector, dreams boldly and cares deeply about Michiganders and helping businesses thrive.”

Gasso’s drive to lend to communities of color is influenced by his childhood experiences, seeing the challengesa his family faced as business owners.

Gasso is a member of the Chaldean American Chamber of Commerce and spearheaded the industry association Fuel Michigan’s DEI committee.