Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 8,361,172 | 8,337,729 | 23,443 | 18.2 | 29% |
| 2012 | 10,555,613 | 9,676,216 | 879,397 | 17.8 | 30% |
| 2013 | 8,850,457 | 10,184,040 | −1,333,583 | 14.7 | 27% |
| 2014 | 7,784,990 | 7,312,518 | 472,472 | 21.7 | 33% |
| 2015 | 8,086,006 | 7,673,487 | 412,519 | 21.0 | 32% |
| 2016 | 8,492,931 | 7,832,023 | 660,908 | 21.6 | 31% |
| 2017 | 8,837,938 | 8,345,409 | 492,529 | 20.8 | 32% |
| 2018 | 9,498,998 | 7,998,955 | 1,500,043 | 23.4 | 34% |
| 2019 | 9,697,730 | 8,252,712 | 1,445,018 | 25.9 | 34% |
| 2020 | 9,874,801 | 8,354,710 | 1,520,091 | 27.8 | 39% |
| 2021 | 10,170,296 | 8,821,798 | 1,348,498 | 28.2 | 42% |
| 2022 | 11,618,988 | 11,560,753 | 58,235 | 20.6 | 38% |
| 2023 | 13,825,729 | 13,864,519 | −38,790 | 17.1 | 33% |
In its most recent public year (2023), this organization spent $38,790 more than it brought in. Its reserves stood at about 17.1 months of spending, down from 18.2 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
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