Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,568,385 | 2,889,965 | 678,420 | 31.4 | 30% |
| 2012 | 3,549,933 | 3,081,324 | 468,609 | 30.7 | 30% |
| 2013 | 3,476,361 | 3,457,842 | 18,519 | 25.5 | 32% |
| 2014 | 3,501,191 | 3,611,714 | −110,523 | 25.3 | 29% |
| 2015 | 3,597,224 | 3,802,382 | −205,158 | 23.3 | 28% |
| 2016 | 3,602,407 | 3,825,111 | −222,704 | 22.0 | 27% |
| 2017 | 3,451,580 | 3,621,809 | −170,229 | 23.3 | 29% |
| 2018 | 3,600,920 | 3,703,919 | −102,999 | 22.3 | 26% |
| 2019 | 3,610,127 | 3,508,481 | 101,646 | 24.7 | 30% |
| 2020 | 3,651,745 | 3,462,517 | 189,228 | 26.4 | 31% |
| 2021 | 4,180,262 | 3,431,413 | 748,849 | 28.3 | 32% |
| 2022 | 4,824,631 | 4,097,000 | 727,631 | 22.4 | 28% |
| 2023 | 5,522,789 | 5,132,517 | 390,272 | 18.5 | 26% |
In its most recent public year (2023), this organization brought in $390,272 more than it spent. Its reserves stood at about 18.5 months of spending, down from 31.4 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