Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,240,100 | 3,730,566 | 1,509,534 | 36.6 | 24% |
| 2012 | 5,067,241 | 3,460,454 | 1,606,787 | 45.0 | 28% |
| 2013 | 5,151,994 | 3,689,352 | 1,462,642 | 48.5 | 27% |
| 2014 | 5,482,263 | 3,595,564 | 1,886,699 | 56.1 | 34% |
| 2015 | 6,612,809 | 5,002,646 | 1,610,163 | 52.2 | 33% |
| 2016 | 7,194,047 | 5,170,107 | 2,023,940 | 55.2 | 31% |
| 2017 | 8,374,758 | 5,984,014 | 2,390,744 | 52.5 | 30% |
| 2018 | 9,237,735 | 6,595,918 | 2,641,817 | 52.4 | 30% |
| 2019 | 9,693,460 | 6,997,091 | 2,696,369 | 54.0 | 31% |
| 2020 | 10,495,902 | 7,049,435 | 3,446,467 | 59.7 | 31% |
| 2021 | 9,555,157 | 6,276,279 | 3,278,878 | 73.2 | 35% |
| 2022 | 9,335,279 | 6,323,874 | 3,011,405 | 78.3 | 37% |
| 2023 | 10,677,080 | 8,233,081 | 2,443,999 | 62.8 | 31% |
In its most recent public year (2023), this organization brought in $2,443,999 more than it spent. Its reserves stood at about 62.8 months of spending, up from 36.6 in 2011. Staff pay was 31% 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
Credit Unions Chartered In The State Of Michigan'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