Credit Unions Chartered In The State Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 16,837,781 | 15,231,189 | 1,606,592 | 28.6 | 26% |
| 2012 | 16,832,236 | 14,645,324 | 2,186,912 | 32.1 | 29% |
| 2013 | 16,925,597 | 14,527,975 | 2,397,622 | 33.3 | 30% |
| 2014 | 17,698,736 | 15,004,400 | 2,694,336 | 35.5 | 31% |
| 2015 | 19,607,061 | 16,513,640 | 3,093,421 | 34.2 | 30% |
| 2016 | 21,872,811 | 18,283,976 | 3,588,835 | 32.2 | 31% |
| 2017 | 24,016,453 | 20,505,844 | 3,510,609 | 31.0 | 30% |
| 2018 | 26,910,193 | 23,005,257 | 3,904,936 | 28.9 | 30% |
| 2019 | 28,665,231 | 24,647,360 | 4,017,871 | 30.6 | 30% |
| 2020 | 31,910,142 | 27,406,198 | 4,503,944 | 30.1 | 27% |
| 2021 | 32,361,303 | 24,767,477 | 7,593,826 | 35.2 | 29% |
| 2022 | 31,956,998 | 24,768,408 | 7,188,590 | 30.9 | 33% |
| 2023 | 37,118,137 | 29,871,932 | 7,246,205 | 29.1 | 30% |
In its most recent public year (2023), this organization brought in $7,246,205 more than it spent. Its reserves stood at about 29.1 months of spending. Staff pay was 30% 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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