Michigan Credit Union League
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,956,134 | 6,615,380 | −2,659,246 | 100.1 | 31% |
| 2012 | 3,653,641 | 7,257,078 | −3,603,437 | 98.6 | 30% |
| 2013 | 3,784,444 | 6,549,506 | −2,765,062 | 121.4 | 35% |
| 2014 | 5,102,681 | 7,474,366 | −2,371,685 | 112.4 | 40% |
| 2015 | 4,862,950 | 8,165,280 | −3,302,330 | 102.9 | 35% |
| 2016 | 5,015,449 | 8,515,821 | −3,500,372 | 104.7 | 37% |
| 2017 | 3,252,902 | 8,041,876 | −4,788,974 | 116.1 | 37% |
| 2018 | 4,047,667 | 7,695,871 | −3,648,204 | 114.8 | 38% |
| 2019 | 8,184,449 | 7,979,089 | 205,360 | 114.2 | 43% |
| 2020 | 1,919,365 | 4,215,638 | −2,296,273 | 229.0 | 75% |
| 2021 | 4,235,709 | 4,366,336 | −130,627 | 237.6 | 64% |
| 2022 | 5,384,543 | 5,285,000 | 99,543 | 193.0 | 35% |
| 2023 | 5,170,504 | 5,261,200 | −90,696 | 196.0 | 39% |
In its most recent public year (2023), this organization spent $90,696 more than it brought in. Its reserves stood at about 196 months of spending, up from 100.1 in 2011. Staff pay was 39% 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
Michigan Credit Union League'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