Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,484,715 | 8,021,172 | −536,457 | 20.2 | 28% |
| 2012 | 9,772,635 | 7,146,117 | 2,626,518 | 28.1 | 36% |
| 2013 | 8,439,533 | 7,741,283 | 698,250 | 26.1 | 35% |
| 2014 | 7,719,947 | 6,824,210 | 895,737 | 32.1 | 44% |
| 2015 | 8,115,599 | 7,171,894 | 943,705 | 30.6 | 42% |
| 2016 | 8,005,186 | 7,838,861 | 166,325 | 28.4 | 43% |
| 2017 | 8,818,330 | 8,804,549 | 13,781 | 24.8 | 40% |
| 2018 | 10,565,712 | 9,528,840 | 1,036,872 | 23.7 | 39% |
| 2019 | 11,459,603 | 10,489,798 | 969,805 | 24.7 | 33% |
| 2020 | 10,630,810 | 10,000,242 | 630,568 | 29.2 | 36% |
| 2021 | 11,435,528 | 10,106,410 | 1,329,118 | 29.3 | 38% |
| 2022 | 11,520,985 | 9,582,262 | 1,938,723 | 28.5 | 39% |
| 2023 | 11,452,400 | 10,734,317 | 718,083 | 27.0 | 35% |
In its most recent public year (2023), this organization brought in $718,083 more than it spent. Its reserves stood at about 27 months of spending, up from 20.2 in 2011. Staff pay was 35% 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