Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 16,381,957 | 12,534,407 | 3,847,550 | 66.0 | 15% |
| 2012 | 14,274,025 | 10,481,385 | 3,792,640 | 83.2 | 20% |
| 2013 | 14,270,833 | 11,342,847 | 2,927,986 | 80.9 | 23% |
| 2014 | 13,609,781 | 12,018,785 | 1,590,996 | 76.0 | 22% |
| 2015 | 13,929,483 | 12,197,871 | 1,731,612 | 80.5 | 22% |
| 2016 | 14,560,919 | 13,216,651 | 1,344,268 | 75.7 | 23% |
| 2017 | 15,490,287 | 13,700,315 | 1,789,972 | 74.3 | 23% |
| 2018 | 17,727,752 | 15,724,360 | 2,003,392 | 62.0 | 24% |
| 2019 | 18,402,260 | 17,227,482 | 1,174,778 | 56.1 | 25% |
| 2020 | 18,122,153 | 16,622,227 | 1,499,926 | 59.3 | 28% |
| 2021 | 18,643,457 | 16,785,083 | 1,858,374 | 61.4 | 34% |
| 2022 | 22,003,363 | 20,349,378 | 1,653,985 | 42.3 | 32% |
| 2023 | 16,731,816 | 25,889,308 | −9,157,492 | 35.4 | 26% |
In its most recent public year (2023), this organization spent $9,157,492 more than it brought in. Its reserves stood at about 35.4 months of spending, down from 66 in 2011. Staff pay was 26% 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