Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 10,943,293 | 9,891,767 | 1,051,526 | 25.0 | 30% |
| 2012 | 12,588,858 | 11,694,705 | 894,153 | 22.1 | 29% |
| 2013 | 14,991,163 | 15,291,575 | −300,412 | 16.1 | 24% |
| 2014 | 16,555,717 | 14,122,555 | 2,433,162 | 19.0 | 28% |
| 2015 | 16,421,339 | 14,378,322 | 2,043,017 | 20.2 | 29% |
| 2016 | 17,981,245 | 16,090,669 | 1,890,576 | 18.8 | 28% |
| 2017 | 18,745,774 | 18,939,182 | −193,408 | 15.8 | 25% |
| 2018 | 19,542,722 | 18,704,187 | 838,535 | 16.4 | 25% |
| 2019 | 20,095,348 | 16,949,190 | 3,146,158 | 21.0 | 28% |
| 2020 | 20,950,922 | 15,900,220 | 5,050,702 | 26.8 | 30% |
| 2021 | 20,620,547 | 16,856,432 | 3,764,115 | 27.2 | 31% |
| 2022 | 20,419,805 | 20,258,407 | 161,398 | 18.6 | 31% |
| 2023 | 23,816,392 | 23,010,541 | 805,851 | 16.7 | 26% |
In its most recent public year (2023), this organization brought in $805,851 more than it spent. Its reserves stood at about 16.7 months of spending, down from 25 in 2011. Staff pay was 26% 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