Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 44,806,147 | 36,364,635 | 8,441,512 | 54.9 | 18% |
| 2012 | 37,914,140 | 33,680,932 | 4,233,208 | 60.9 | 20% |
| 2013 | 35,328,712 | 31,763,525 | 3,565,187 | 62.1 | 22% |
| 2014 | 32,313,002 | 30,440,732 | 1,872,270 | 66.5 | 25% |
| 2015 | 32,544,391 | 31,871,472 | 672,919 | 61.8 | 24% |
| 2016 | 34,367,892 | 33,802,029 | 565,863 | 58.3 | 24% |
| 2017 | 38,524,736 | 37,211,070 | 1,313,666 | 55.0 | 22% |
| 2018 | 50,585,364 | 44,534,393 | 6,050,971 | 45.9 | 21% |
| 2019 | 61,566,808 | 52,893,869 | 8,672,939 | 43.7 | 19% |
| 2020 | 59,900,559 | 53,004,907 | 6,895,652 | 49.9 | 20% |
| 2021 | 56,115,396 | 42,689,928 | 13,425,468 | 61.9 | 26% |
| 2022 | 64,943,643 | 52,576,897 | 12,366,746 | 34.4 | 23% |
| 2023 | 89,429,197 | 88,565,249 | 863,948 | 23.9 | 15% |
In its most recent public year (2023), this organization brought in $863,948 more than it spent. Its reserves stood at about 23.9 months of spending, down from 54.9 in 2011. Staff pay was 15% 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