Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 21,539,450 | 19,372,631 | 2,166,819 | 22.2 | 29% |
| 2013 | 20,751,000 | 19,064,257 | 1,686,743 | 23.0 | 31% |
| 2014 | 22,123,436 | 20,036,727 | 2,086,709 | 23.6 | 32% |
| 2015 | 22,605,061 | 20,640,559 | 1,964,502 | 23.7 | 37% |
| 2016 | 25,203,596 | 22,035,832 | 3,167,764 | 23.8 | 30% |
| 2017 | 27,746,122 | 23,405,127 | 4,340,995 | 24.7 | 31% |
| 2018 | 32,620,125 | 26,784,115 | 5,836,010 | 24.2 | 30% |
| 2019 | 40,476,172 | 34,727,324 | 5,748,848 | 20.8 | 30% |
| 2020 | 43,485,334 | 38,767,838 | 4,717,496 | 20.2 | 35% |
| 2021 | 44,270,339 | 39,623,634 | 4,646,705 | 20.1 | 34% |
| 2022 | 42,599,576 | 36,827,505 | 5,772,071 | 18.2 | 35% |
| 2023 | 50,193,452 | 45,206,444 | 4,987,008 | 15.4 | 28% |
In its most recent public year (2023), this organization brought in $4,987,008 more than it spent. Its reserves stood at about 15.4 months of spending, down from 22.2 in 2012. Staff pay was 28% 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