Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 49,658,502 | 44,495,650 | 5,162,852 | 23.5 | 24% |
| 2012 | 49,813,685 | 44,737,975 | 5,075,710 | 24.8 | 26% |
| 2013 | 52,212,361 | 42,825,329 | 9,387,032 | 24.3 | 29% |
| 2014 | 52,626,463 | 45,887,863 | 6,738,600 | 26.7 | 28% |
| 2015 | 58,096,736 | 53,452,611 | 4,644,125 | 24.2 | 28% |
| 2016 | 67,296,023 | 59,765,968 | 7,530,055 | 23.0 | 30% |
| 2017 | 68,512,727 | 64,069,003 | 4,443,724 | 22.7 | 32% |
| 2018 | 80,303,977 | 73,305,551 | 6,998,426 | 20.9 | 34% |
| 2019 | 87,325,222 | 79,161,902 | 8,163,320 | 21.1 | 35% |
| 2020 | 92,452,995 | 81,796,863 | 10,656,132 | 22.5 | 40% |
| 2021 | 103,646,862 | 80,887,338 | 22,759,524 | 25.5 | 43% |
| 2022 | 108,549,762 | 92,866,847 | 15,682,915 | 20.5 | 37% |
| 2023 | 123,630,180 | 106,203,052 | 17,427,128 | 20.3 | 33% |
In its most recent public year (2023), this organization brought in $17,427,128 more than it spent. Its reserves stood at about 20.3 months of spending, down from 23.5 in 2011. Staff pay was 33% 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