Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 131,524,106 | 111,083,021 | 20,441,085 | 40.9 | 21% |
| 2012 | 125,381,282 | 97,977,732 | 27,403,550 | 49.1 | 2% |
| 2013 | 125,668,844 | 93,039,693 | 32,629,151 | 49.4 | 28% |
| 2014 | 127,558,320 | 98,161,836 | 29,396,484 | 52.1 | 32% |
| 2015 | 126,837,999 | 98,523,921 | 28,314,078 | 54.1 | 29% |
| 2016 | 134,385,499 | 102,977,242 | 31,408,257 | 54.1 | 29% |
| 2017 | 149,893,841 | 110,116,307 | 39,777,534 | 52.8 | 29% |
| 2018 | 163,299,198 | 117,565,643 | 45,733,555 | 53.2 | 4% |
| 2019 | 179,907,993 | 125,126,049 | 54,781,944 | 63.3 | 28% |
| 2020 | 179,910,846 | 124,306,089 | 55,604,757 | 78.1 | 30% |
| 2021 | 181,284,426 | 116,707,976 | 64,576,450 | 76.3 | 7% |
| 2022 | 179,964,241 | 130,926,227 | 49,038,014 | 21.4 | 32% |
In its most recent public year (2022), this organization brought in $49,038,014 more than it spent. Its reserves stood at about 21.4 months of spending, down from 40.9 in 2011. Staff pay was 32% 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 2022. 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 2022. 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