Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 585,695 | 564,513 | 21,182 | 314.5 | 31% |
| 2012 | 570,686 | 553,630 | 17,056 | 335.5 | 32% |
| 2013 | 540,980 | 508,355 | 32,625 | 368.4 | 36% |
| 2014 | 533,315 | 471,097 | 62,218 | 429.9 | 40% |
| 2015 | 509,678 | 447,241 | 62,437 | 474.4 | 43% |
| 2016 | 552,739 | 455,302 | 97,437 | 481.6 | 43% |
| 2017 | 564,273 | 508,659 | 55,614 | 431.5 | 42% |
| 2018 | 629,426 | 510,178 | 119,248 | 424.2 | 44% |
| 2019 | 691,477 | 609,173 | 82,304 | 366.8 | 40% |
| 2020 | 700,874 | 594,231 | 106,643 | 437.0 | 42% |
| 2021 | 730,870 | 605,957 | 124,913 | 42.5 | 43% |
| 2022 | 862,950 | 732,086 | 130,864 | 37.3 | 40% |
| 2023 | 1,130,865 | 957,785 | 173,080 | 29.5 | 36% |
In its most recent public year (2023), this organization brought in $173,080 more than it spent. Its reserves stood at about 29.5 months of spending, down from 314.5 in 2011. Staff pay was 36% 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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