Credit Unions Chartered By The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 29,846,896 | 25,202,847 | 4,644,049 | 19.2 | 28% |
| 2012 | 30,653,230 | 22,552,009 | 8,101,221 | 25.8 | 33% |
| 2013 | 29,643,135 | 23,404,303 | 6,238,832 | 27.9 | 34% |
| 2014 | 29,367,178 | 26,660,597 | 2,706,581 | 25.7 | 37% |
| 2015 | 36,596,381 | 34,042,918 | 2,553,463 | 25.0 | 38% |
| 2016 | 41,339,443 | 39,252,816 | 2,086,627 | 22.3 | 37% |
| 2017 | 54,044,021 | 47,538,135 | 6,505,886 | 23.8 | 37% |
| 2018 | 61,687,432 | 52,574,733 | 9,112,699 | 23.5 | 37% |
| 2019 | 64,553,439 | 57,129,527 | 7,423,912 | 25.2 | 36% |
| 2020 | 67,940,068 | 59,380,132 | 8,559,936 | 26.3 | 38% |
| 2021 | 74,321,132 | 62,193,541 | 12,127,591 | 28.3 | 40% |
| 2022 | 84,137,393 | 70,833,474 | 13,303,919 | 23.3 | 40% |
| 2023 | 102,901,319 | 98,586,856 | 4,314,463 | 17.4 | 32% |
In its most recent public year (2023), this organization brought in $4,314,463 more than it spent. Its reserves stood at about 17.4 months of spending, down from 19.2 in 2011. Staff pay was 32% 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 By 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