Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 17,680,161 | 14,215,227 | 3,464,934 | 32.4 | 28% |
| 2012 | 25,991,006 | 18,688,101 | 7,302,905 | 30.3 | 30% |
| 2013 | 25,258,836 | 20,157,913 | 5,100,923 | 30.0 | 33% |
| 2014 | 30,476,651 | 24,620,104 | 5,856,547 | 31.4 | 33% |
| 2015 | 36,570,015 | 29,868,248 | 6,701,767 | 28.5 | 34% |
| 2016 | 43,216,020 | 37,658,842 | 5,557,178 | 24.3 | 32% |
| 2017 | 49,336,526 | 40,922,549 | 8,413,977 | 27.9 | 32% |
| 2018 | 60,329,871 | 49,616,444 | 10,713,427 | 25.5 | 33% |
| 2019 | 69,079,578 | 57,783,763 | 11,295,815 | 24.6 | 30% |
| 2020 | 75,345,313 | 61,331,077 | 14,014,236 | 26.4 | 30% |
| 2021 | 81,953,482 | 60,781,210 | 21,172,272 | 30.0 | 33% |
| 2022 | 90,533,570 | 71,155,529 | 19,378,041 | 24.0 | 31% |
| 2023 | 113,682,685 | 94,196,589 | 19,486,096 | 20.9 | 27% |
In its most recent public year (2023), this organization brought in $19,486,096 more than it spent. Its reserves stood at about 20.9 months of spending, down from 32.4 in 2011. Staff pay was 27% 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