Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 31,910,366 | 27,842,865 | 4,067,501 | 35.4 | 23% |
| 2012 | 31,635,971 | 28,363,800 | 3,272,171 | 38.3 | 25% |
| 2013 | 30,543,850 | 27,933,515 | 2,610,335 | 37.1 | 27% |
| 2014 | 28,276,678 | 26,828,255 | 1,448,423 | 38.3 | 29% |
| 2015 | 29,538,799 | 28,060,743 | 1,478,056 | 35.0 | 30% |
| 2016 | 30,767,807 | 28,112,265 | 2,655,542 | 37.7 | 31% |
| 2017 | 32,934,559 | 29,471,755 | 3,462,804 | 37.3 | 32% |
| 2018 | 35,880,699 | 31,781,537 | 4,099,162 | 34.6 | 32% |
| 2019 | 41,259,879 | 35,496,685 | 5,763,194 | 35.8 | 30% |
| 2020 | 40,766,110 | 35,823,551 | 4,942,559 | 39.6 | 32% |
| 2021 | 44,555,752 | 34,829,715 | 9,726,037 | 40.5 | 32% |
| 2022 | 42,338,523 | 37,350,013 | 4,988,510 | 28.7 | 33% |
| 2023 | 49,757,946 | 50,005,824 | −247,878 | 24.0 | 26% |
In its most recent public year (2023), this organization spent $247,878 more than it brought in. Its reserves stood at about 24 months of spending, down from 35.4 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