State Employees Credit Union
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 369,257 | 342,714 | 26,543 | 36.3 | 33% |
| 2021 | 349,635 | 294,128 | 55,507 | 44.5 | 40% |
| 2022 | 349,522 | 328,664 | 20,858 | 40.4 | 31% |
| 2023 | 519,197 | 375,192 | 144,005 | 40.0 | 35% |
In its most recent public year (2023), this organization brought in $144,005 more than it spent. Its reserves stood at about 40 months of spending, up from 36.3 in 2020. Staff pay was 35% 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
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