Two of Michigan’s newly elected Democratic congressmen are wasting no time raising loads of money to protect themselves from Republican challenges in 2010.

New filings with the Federal Election Commission show U.S. Reps. Gary Peters and Mark Schauer have raised more than any other House member from Michigan in the three-month old election cycle. Peters, a Bloomfield Hills Democrat raised $432,990 to end up with just about as much cash on hand. Schauer, a Battle Creek Democrat, raised $388,000 with slightly less left in cash on hand. Both men spent more than $2 million last year each to defeat sitting Republicans.

Speaking of the GOP, U.S. Rep. Thaddeus McCotter hasn’t sat idle either. The Livonia Republican raised $189,000 since January. McCotter has $321,000 in cash ready for his re-election fight.

Aside from the amounts of money raised by these men, there are noteworthy sources from leading Michigan businessmen.

Family members of Ambassador Bridge owner Matty Moroun gave $7,200 to McCotter this year, which makes him the only member of Michigan’s congressional delegation to receive money from him in 2009. Moroun is trying to stop federal money from being used to build an international bridge between Detroit and Michigan. Moroun’s bridge company asked U.S. Rep. Carolyn Cheeks Kilpatrick (D-Detroit) several weeks ago to insert language into the federal budget that would forbid federal money from being used to construct a new bridge downriver between the U.S. and Canada — which would compete with Moroun’s plans to build a second span himself next to the Ambassador. Moroun and his associates have given tens of thousands to Kilpatrick over the years.

Schauer received a donation from Dimitrios “Jim” Pappas, a Detroit real estate developer who has been trying to take new ownership of toxic wells in Romulus despite widespread public opposition.

Neither Peters, Schauer, nor McCotter have opponents yet, but all three are on the early list of targets for their opposition parties. Peters and Schauer have bulls-eyes on them because they are freshmen and represent marginally Republican districts. Democrats have considered McCotter vulnerable because he narrowly won re-election in 2008 against a candidate who spent $28,000.

Lackluster fundraising from U.S Rep. Dave Kildee begs the question of whether he’s considering retirement after representing Flint for 32 years as a Democrat. Kildee raised $16,050 in the past three months and arguably doesn’t need to raise much money to be re-elected in a district where he won 70 percent last year. However, during the same period in the 2008 election cycle Kildee raised $73,600.

While Sander Levin of Royal Oak probably doesn’t have to fear a close general election race, he’s clearly raised a lot of money to prepare for a Democratic primary challenge from state Sen. Mickey Switalski of Roseville. Levin raised $204,000 that he’ll be able to use against Switalski. Switalski hasn’t created a federal campaign committee yet, according to FEC records.