Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,756,106 | 1,515,307 | 240,799 | 47.0 | 34% |
| 2012 | 1,612,856 | 1,416,136 | 196,720 | 52.0 | 35% |
| 2013 | 1,530,398 | 1,604,097 | −73,699 | 45.3 | 31% |
| 2014 | 1,546,810 | 1,509,650 | 37,160 | 48.4 | 32% |
| 2015 | 1,568,129 | 1,404,946 | 163,183 | 53.4 | 37% |
| 2016 | 1,592,163 | 1,401,828 | 190,335 | 55.2 | 35% |
| 2017 | 1,727,774 | 1,456,425 | 271,349 | 55.4 | 35% |
| 2018 | 1,913,526 | 1,659,923 | 253,603 | 1.8 | 36% |
| 2019 | 2,021,367 | 1,751,543 | 269,824 | 49.7 | 34% |
| 2020 | 1,848,053 | 1,766,547 | 81,506 | 49.8 | 37% |
| 2021 | 2,051,616 | 1,740,124 | 311,492 | 52.8 | 36% |
| 2022 | 2,073,782 | 1,779,016 | 294,766 | 53.5 | 34% |
| 2023 | 2,328,980 | 2,050,597 | 278,383 | 48.2 | 33% |
In its most recent public year (2023), this organization brought in $278,383 more than it spent. Its reserves stood at about 48.2 months of spending, up from 47 in 2011. Staff pay was 33% 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
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