Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 87,248,919 | 82,468,710 | 4,780,209 | 20.7 | 25% |
| 2012 | 82,051,479 | 77,716,068 | 4,335,411 | 23.5 | 25% |
| 2013 | 81,572,071 | 72,204,231 | 9,367,840 | 26.0 | 29% |
| 2014 | 78,507,378 | 69,624,734 | 8,882,644 | 28.7 | 30% |
| 2015 | 76,304,043 | 71,103,235 | 5,200,808 | 29.0 | 29% |
| 2016 | 78,981,048 | 73,986,685 | 4,994,363 | 28.6 | 31% |
| 2017 | 82,079,013 | 73,381,377 | 8,697,636 | 30.0 | 31% |
| 2018 | 89,909,737 | 79,005,224 | 10,904,513 | 29.3 | 32% |
| 2019 | 95,733,174 | 86,386,332 | 9,346,842 | 28.5 | 31% |
| 2020 | 96,956,061 | 86,955,594 | 10,000,467 | 29.8 | 32% |
| 2021 | 98,643,521 | 80,818,201 | 17,825,320 | 33.9 | 36% |
| 2022 | 102,003,770 | 89,545,899 | 12,457,871 | 26.9 | 35% |
| 2023 | 121,931,528 | 111,804,935 | 10,126,593 | 23.6 | 30% |
In its most recent public year (2023), this organization brought in $10,126,593 more than it spent. Its reserves stood at about 23.6 months of spending, up from 20.7 in 2011. 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