Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 30,044,228 | 27,301,910 | 2,742,318 | 29.7 | 35% |
| 2015 | 32,580,239 | 29,621,322 | 2,958,917 | 28.1 | 33% |
| 2016 | 32,848,903 | 30,259,432 | 2,589,471 | 28.4 | 32% |
| 2017 | 33,764,503 | 30,764,927 | 2,999,576 | 28.8 | 32% |
| 2018 | 38,286,566 | 32,982,472 | 5,304,094 | 28.9 | 32% |
| 2019 | 43,479,866 | 35,430,696 | 8,049,170 | 29.8 | 30% |
| 2020 | 44,633,555 | 37,978,336 | 6,655,219 | 29.6 | 27% |
| 2021 | 46,684,897 | 37,007,507 | 9,677,390 | 33.4 | 28% |
In its most recent public year (2021), this organization brought in $9,677,390 more than it spent. Its reserves stood at about 33.4 months of spending, up from 29.7 in 2014. 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 2021. 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 2021. 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