Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,775,231 | 4,478,717 | 296,514 | 19.8 | 29% |
| 2012 | 4,821,563 | 4,309,765 | 511,798 | 22.4 | 31% |
| 2013 | 4,548,362 | 4,304,498 | 243,864 | 22.9 | 32% |
| 2014 | 4,670,284 | 4,419,613 | 250,671 | 23.2 | 33% |
| 2015 | 4,627,118 | 4,526,690 | 100,428 | 22.7 | 33% |
| 2016 | 4,799,588 | 4,378,229 | 421,359 | 24.7 | 35% |
| 2017 | 5,048,841 | 4,385,157 | 663,684 | 26.3 | 35% |
| 2018 | 5,305,834 | 4,615,760 | 690,074 | 26.5 | 33% |
| 2019 | 5,396,101 | 4,601,905 | 794,196 | 28.9 | 34% |
| 2020 | 5,267,118 | 4,706,489 | 560,629 | 29.8 | 37% |
| 2021 | 5,494,085 | 4,659,142 | 834,943 | 31.9 | 37% |
| 2022 | 5,984,878 | 4,951,544 | 1,033,334 | 30.7 | 44% |
| 2023 | 7,300,435 | 5,820,502 | 1,479,933 | 29.1 | 35% |
In its most recent public year (2023), this organization brought in $1,479,933 more than it spent. Its reserves stood at about 29.1 months of spending, up from 19.8 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