Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 44,430,839 | 39,315,557 | 5,115,282 | 16.9 | 29% |
| 2012 | 42,047,845 | 34,307,942 | 7,739,903 | 22.2 | 36% |
| 2013 | 44,089,746 | 33,410,388 | 10,679,358 | 26.3 | 41% |
| 2014 | 46,793,924 | 37,927,984 | 8,865,940 | 25.9 | 38% |
| 2015 | 50,844,055 | 45,784,739 | 5,059,316 | 24.2 | 38% |
| 2016 | 54,769,057 | 51,797,880 | 2,971,177 | 21.7 | 32% |
| 2017 | 54,096,826 | 47,974,350 | 6,122,476 | 24.8 | 35% |
| 2018 | 59,114,786 | 48,315,101 | 10,799,685 | 27.0 | 36% |
| 2019 | 66,716,893 | 57,212,950 | 9,503,943 | 25.6 | 36% |
| 2020 | 68,185,799 | 60,665,251 | 7,520,548 | 25.9 | 37% |
| 2021 | 62,924,862 | 52,607,342 | 10,317,520 | 31.0 | 41% |
| 2022 | 70,267,649 | 59,536,329 | 10,731,320 | 25.5 | 40% |
In its most recent public year (2022), this organization brought in $10,731,320 more than it spent. Its reserves stood at about 25.5 months of spending, up from 16.9 in 2011. Staff pay was 40% 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 2022. 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 2022. 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