Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,451,593 | 3,013,028 | 438,565 | 41.8 | 35% |
| 2012 | 3,241,737 | 3,258,790 | −17,053 | 39.9 | 33% |
| 2013 | 3,325,952 | 3,240,480 | 85,472 | 33.9 | 32% |
| 2014 | 3,124,523 | 2,968,171 | 156,352 | 42.3 | 34% |
| 2015 | 3,117,490 | 3,101,923 | 15,567 | 40.0 | 35% |
| 2016 | 3,324,985 | 3,245,638 | 79,347 | 37.6 | 36% |
| 2017 | 3,573,239 | 3,778,237 | −204,998 | 32.4 | 29% |
| 2018 | 4,189,194 | 3,740,604 | 448,590 | 32.6 | 27% |
| 2019 | 4,439,588 | 3,565,405 | 874,183 | 41.1 | 30% |
| 2020 | 3,879,886 | 3,315,871 | 564,015 | 49.0 | 34% |
| 2021 | 3,952,650 | 3,363,946 | 588,704 | 44.3 | 34% |
| 2022 | 12,123,686 | 8,405,776 | 3,717,910 | 33.5 | 37% |
| 2023 | 18,776,561 | 14,618,058 | 4,158,503 | 25.2 | 36% |
In its most recent public year (2023), this organization brought in $4,158,503 more than it spent. Its reserves stood at about 25.2 months of spending, down from 41.8 in 2011. Staff pay was 36% 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
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