Great Lakes Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 29,251,290 | 28,268,206 | 983,084 | 24.3 | 25% |
| 2012 | 28,221,370 | 27,628,717 | 592,653 | 24.9 | 28% |
| 2013 | 31,895,335 | 31,197,102 | 698,233 | 23.0 | 34% |
| 2014 | 32,168,105 | 30,553,476 | 1,614,629 | 24.5 | 39% |
| 2015 | 33,087,410 | 31,803,691 | 1,283,719 | 26.2 | 40% |
| 2016 | 38,542,487 | 36,864,902 | 1,677,585 | 23.1 | 38% |
| 2017 | 42,027,485 | 39,842,140 | 2,185,345 | 21.9 | 36% |
| 2018 | 43,394,934 | 42,703,211 | 691,723 | 20.6 | 32% |
| 2019 | 47,845,545 | 43,742,192 | 4,103,353 | 21.8 | 30% |
| 2020 | 49,088,626 | 43,178,553 | 5,910,073 | 24.6 | 34% |
| 2021 | 50,981,092 | 34,186,973 | 16,794,119 | 35.4 | 39% |
| 2022 | 54,056,794 | 44,878,605 | 9,178,189 | 25.6 | 39% |
| 2023 | 64,760,572 | 62,052,965 | 2,707,607 | 17.8 | 29% |
In its most recent public year (2023), this organization brought in $2,707,607 more than it spent. Its reserves stood at about 17.8 months of spending, down from 24.3 in 2011. Staff pay was 29% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Great Lakes Credit Union's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works