Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 16,229,758 | 14,840,123 | 1,389,635 | 30.8 | 31% |
| 2012 | 15,894,727 | 14,234,605 | 1,660,122 | 33.1 | 32% |
| 2013 | 15,496,078 | 13,672,456 | 1,823,622 | 36.1 | 34% |
| 2014 | 15,562,051 | 13,421,699 | 2,140,352 | 39.1 | 36% |
| 2015 | 15,657,683 | 13,819,750 | 1,837,933 | 39.0 | 36% |
| 2016 | 17,724,359 | 17,491,105 | 233,254 | 31.2 | 35% |
| 2017 | 19,341,957 | 19,127,778 | 214,179 | 28.5 | 31% |
| 2018 | 20,014,989 | 19,148,402 | 866,587 | 29.1 | 28% |
| 2019 | 20,373,514 | 17,812,756 | 2,560,758 | 33.2 | 30% |
| 2020 | 20,672,643 | 17,450,796 | 3,221,847 | 35.8 | 34% |
| 2021 | 20,782,924 | 17,839,648 | 2,943,276 | 36.6 | 36% |
| 2022 | 22,480,279 | 20,093,597 | 2,386,682 | 32.4 | 35% |
| 2023 | 25,011,714 | 22,514,647 | 2,497,067 | 31.3 | 30% |
In its most recent public year (2023), this organization brought in $2,497,067 more than it spent. Its reserves stood at about 31.3 months of spending. Staff pay was 30% 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