Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 22,411,615 | 22,057,367 | 354,248 | 42.7 | 26% |
| 2012 | 21,735,978 | 20,242,656 | 1,493,322 | 47.1 | 28% |
| 2013 | 21,569,494 | 19,094,649 | 2,474,845 | 54.2 | 29% |
| 2014 | 21,664,876 | 18,344,631 | 3,320,245 | 58.3 | 32% |
| 2015 | 22,535,457 | 18,893,688 | 3,641,769 | 57.4 | 32% |
| 2016 | 24,929,502 | 20,644,174 | 4,285,328 | 54.7 | 29% |
| 2017 | 26,596,989 | 22,105,077 | 4,491,912 | 52.9 | 29% |
| 2018 | 30,237,981 | 24,634,746 | 5,603,235 | 49.3 | 27% |
| 2019 | 31,919,608 | 26,562,502 | 5,357,106 | 50.1 | 26% |
| 2020 | 29,409,639 | 26,912,651 | 2,496,988 | 51.9 | 27% |
| 2021 | 27,431,098 | 25,852,291 | 1,578,807 | 50.3 | 28% |
| 2022 | 30,107,433 | 26,318,782 | 3,788,651 | 29.8 | 29% |
| 2023 | 34,646,685 | 31,101,715 | 3,544,970 | 32.3 | 25% |
In its most recent public year (2023), this organization brought in $3,544,970 more than it spent. Its reserves stood at about 32.3 months of spending, down from 42.7 in 2011. Staff pay was 25% 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